The Latest: Malaysia’s king, queen under quarantine
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death.
TOP OF THE HOUR:
— Malaysia’s king, queen under quarantine after 7 palace staff test positive
— Sri Lanka president requests international donor agencies to provide debt moratorium
— Russia halting international flights starting Friday
— South Korea’s central bank to temporarily provide “unlimited” money to eligible banks, financial institutions
KUALA LUMPUR, Malaysia — Malaysia’s king and queen are under quarantine after seven palace staff members tested positive for COVID-19.
The palace said Thursday that seven staff were hospitalized Tuesday and health authorities were trying to identify the source of the transmission. It said King Sultan Abdullah Sultan Ahmad Shah and his wife Tunku Azizah Aminah Maimunah Iskandariah were tested for the virus, but both were negative. It said the royal couple decided to observe a 14-day self-quarantine from Wednesday, with deep cleansing to be carried out in the palace.
Malaysia, which has 21 deaths and the highest total of cases in Southeast Asia at 1,796, has extended its lockdown by another two weeks to April 14.
COLOMBO, Sri Lanka: — Sri Lanka’s president Gotabaya Rajapaksa has requested international donor agencies to provide a debt moratorium or debt deferment facility to all developing nations facing the risk of being severely affected by coronavirus.
Rajapaksa had urged Director General of the World Health Organization to forward this request to multi-lateral and bilateral lending agencies.
He has pointed out that such “a relief would be helpful to manage COVID-19 Social Distancing, Public Health and Social Security Systems in those countries.”
His statement comes as Sri Lanka will have to repay a US $4.8 billion external debt this year amid an economy that performed poorly last year. The island nation’s economy suffered a severe blow last year due to the Easter Sunday bomb attacks by Islamic militants.
Sri Lanka’s economic growth is estimated to hit an 18-year low of 2.7 to 2.8% in 2019.
However, the International Monetary Fund said in February that Sri Lanka’s economy is gradually recovering from the terrorist attacks last April. The IMF said the real GDP growth is estimated at 2.6% in 2019 and that the GDP growth in 2020 is projected at 3.7%.
MOSCOW — Russian government officials announced the halting of all international flights starting from Friday amid the coronavirus pandemic.
An exception will be made for flights bringing Russians home from abroad, according to a statement published Thursday on the cabinet’s website.
Earlier this month, Russian authorities limited its air traffic to regular flights to world capitals and charter flights.
The new measure comes as the number of coronavirus cases in Russia rapidly grows. On Wednesday, the government reported a total of 658 cases, with 163 new cases registered since the previous day. That is a significantly bigger daily increase than in previous weeks, when the number of cases was growing by several dozens a day.
SEOUL, South Korea — South Korea’s central bank says it will temporarily provide an “unlimited” amount of money to eligible banks and other financial institutions for three months through repurchase agreements as it tries to calm financial markets rattled by the global coronavirus crisis.
The Bank of Korea on Thursday said the measure was unprecedented but didn’t provide an estimate on how much money would be supplied to financial markets through the short-term borrowings.
The bank last week executed an emergency rate cut of 0.5 percentage points to help ease the economic fallout from the coronavirus, which brought its policy rate to an all-time low of 0.75%.
Some experts say it’s unclear whether traditional financial tools to boost money supplies would be effective now when the global pandemic has damaged both supply and demand, decimating industrial hubs in China and Italy and forcing millions to stay at home under tightened quarantines.