Us today the future. For mega city. Could turn. Like we were. When we were. 80 percent of americans at some point in our lives will experience hardship. Over the checkbook south koreas government plans a 10000000000. 00 stimulus bunch of his final coronavirus correspondents in singapore and frank what they think about it how long can it europes airlines and hotels hold out without state aid we measure the health of the confidence of the Tourism Sector and the alarming demand. Just ahead and you like your river front property disappear as mine is move in well take you to the amount. Of business pilgrimages package Holiday Tours trade fairs and corporate earnings all thrown into disarray the coronavirus carnage continues asian shares taking another hit today but south korea is coming to the rescue with its biggest stimulus package since the Global Financial crisis the nation has been cut off from the rest of the world just like china remembering its also a key player in the Global Supply chains of so Many International companies. Self korea mobilizing against the spread of the new coronavirus the country has reported the highest number of cases outside china and has launched a massive offensive against the spread of the virus. European and American Airlines tourist operators and companies are canceling all nonessential travel to south korea and the regions 3rd biggest economy is expected to take a significant hit the country is also mobilizing financial weapons in the war on coronavirus on wednesday seoul announced a 9800000000. 00 stimulus package to get the economy through the corona crisis i would look she to me be found as we understand that the economy is in a state of emergency we are putting all our policy focus on minimizing the economic fallout is specially for the vulnerable sectors small to medium sized businesses and self employed people. Finance minister hong said the supplementary budget will also channel money to childcare Outdoor Markets and the Health System thousands of patients are currently being cared for in makeshift facilities as the ballooning caseload has outstripped hospital capacity. For South Korean Parliament still has to approve the funding package the government dimes to present the finalized supplementary budget to the National Assembly on thursday. Trying to bring in andrea hang in singapore early ballots in frankfurt address starting with you take us through some of the numbers in the region. So ben it looks like korea is joining the list of countries that are whipping out the a. T. M. Cards in order to proper of their respective economies obviously said softly as 9800000000. 00 is actually not very far from singapore is it 13700000000. 00 budgets thats meant to stimulate the economy our hong kong has also prepared one x. 15400000000. 00 closer to singapore malaysia also announced him all modest budget of 0800000000 dollars and indonesia after announcing a 700000000. 00 stimulus package is threatening a 2nd one with no kin numbers just yet elsewhere in Asia Pacific Australia is suspected to announce something in the next couple of weeks and pilot as well is going to launch some kind of stimulus budgets with no real numbers just yet a lot of money being thrown around where will it land how will it help well in the case of career in hong kong for example of a big chunk of that is going to health the health and thats for obvious reasons now in singapore is also doing the same and as with hong kong as well a lot of that money going to directly to the people as well as local businesses indonesia 2nd expenditure is supposed to prop up trade with easing some of the import export rules because the 1st expenditure is already going to prop up Consumer Spending and tourism as well and speaking of tourism actually highlight and believe thats exactly what these 2 countries are going to do with their money what sort of action is being taken here in europe ali. So far no action by the e. C. B. Its only promised by way of a statement from the president Christine Legarde targeted and appropriate action theres a meeting of the e. C. B. Next week i dont know if they feel themselves under pressure with the fed now but we hear that what the e. C. B. Is considering is not a broad stroke rate cut like the feds but rather targeted. Help for small and Medium Sized Companies that say similar to korea it sounds like who are in trouble and that in my mind it would make sense to wait a little bit more as the coronavirus plays out in order to find those who really need that help only what do you reckon about the action thats being taken in china and about the fed as well could we see more fed fed action as far as rate cuts go. They still have some room to maneuver in contrast to the e. C. B. Where the rates are already at 0 i would be surprised if the fed acted again anytime soon the Market Reaction was not really very positive and a lot of people criticizing it is overblown i think the fed will wait till other Central Banks have stepped out and done their part and then see whether its in demand again china china hasnt really done anything yet concrete but i think everybody in the market knows and expects that the Chinese Government has an interest in having money go into the system and Government Policies to help companies and labor. First in frankfurt. There in singapore thank you very much to both. The news is coming in thick and fast as far as as quickly as the corona virus is spreading the w h o this hour warning that cash can spread the virus italy is planning on closing all schools until mid march germany has joined other nations in banning the export of mosques to the shortages now some other stories making news organizes a postponing the head of a mess so one of the Worlds Largest industrial fairs event is now set to take place in july not april some 6000. 00 exhibitors were registered a survey shows the coronavirus is Holding Earnings at least 2 thirds of Japanese Companies japans toyota says sales fell 70 percent last month in china the worlds biggest story market around toilet paper in australia as well supermarkets to impose strict limits on the amount shoppers can buy the spread of the virus and spot panic buying of groceries and household products around the world has confirmed 44 cases. Thailand is reviewing quarantine measures for visitors from 8 countries yesterday the Health Minister announced on facebook a 14 day quarantine for visitors from places like china easily and germany but the post was removed hours later and the ministers account disappeared. Beijings decision to ban old group travel was hailed as a sensible step to contain the coronavirus but its have a Global Tourism many destinations rely on chinese visitors these days its no different at one of germanys most iconic land box. A light mist around the fairytale castle of noise in the various prime Tourist Attractions seems peacefully aloof visitor numbers have been tumbling steadily since the coronavirus outbreak. Neighboring towns normally host 70000. 00 tourists a year from china overall thats only about 5 percent of the people who visit this area but for those Hotels Restaurants and shops which have specialized in welcoming chinese tour groups the virus has quickly become a real problem. Its effects are selective it its all businesses hotels and guest houses which work closely with the Chinese Market with Chinese Group as for instance theyre feeling the loss of revenue very very strongly and it can be compensated for it all in the short term. Like this restaurant which targets chinese travel grapes its now closed until further notice. And this eatery and hotel has also shut down for the time being companies tailor made for asian tourists are located here and around the castle they include a range of businesses with pottery watches and jewelry made in germany made in switzerland fast tracked shopping tax free and with a direct connection to asian payment systems. Tourists like these 2 seem to have very little extra time on their hands. Or in the 3rd both america or several countries in sight turned its clear that sightseeing and shopping are on their agenda when you can combine them both in one location and thats a major time gain on the shuttle and a huge advantage. With a 4th its still too early to estimate losses this 4 star hotel has a Broad Customer base serving tourists from all over the world less than 15 percent come from china but the increasing number of cases which are appearing in other countries and the mounting number of travel restrictions could become a problem. And to have a few cancellations of the virus has been here is too hard up to this point and were hoping it doesnt get too new for any wings of time and at some point things will stabilize and get back to normal. The high season is only around the corner and everyone here is hoping that the situation will ease by then even if that doesnt look likely right now. Its move on to another topic and as it is growing construction berms one key element is in demand said its growing in recent years into a multibillion euro industry but as Companies Mining many farmers in me and ma say their land is simply disappearing. Just a few years ago all of this was lush farmland. Says he once had 24 acres of paddy fields along the river in the state of mon me and mark now he has just 2 acres farmers like him point to one big factor sand harvesting ships. Look at that thats the sand bridging ship there its a huge vessel its quite far away from where we are now its anchored there and it doesnt work during the day goes upstream closer to our farming land in the night time and dredges the sand in the dark. This farmer says his farmland used to stretch all the way to that little boat. Officials say sends 2018 singapore ian companys star high extracted at least 150000 tons of sand. Star high is allowed to mine the sand from the souring river but their license doesnt put a limit on the amount they can extract. Lawmakers have called for aid for the farmers i admit as an enemy i only have my hand and pain in the most i can do for them is to raise their voices the government is responsible for taking action im really concerned about the future of foam as you need me for. Farmers like fans who say its impossible to farm their remaining land and make a profit so they are forced to pick up odd jobs like making paul marie verbs and fishing. These farmers and others are demanding compensation for their lost land and greater regulations on sand harvesting boats. I saw in business with him. During the conflict zone year after year the war in yemen goes on with no apparent ended song which whos really trying to stop its my guest this week here in munich is the countrys foreign minister Mohammad Abdullah on the terms of the thousands of civilian casualties. Almost human suffering all being from nothing. To conflict. Next on d. W. Y. Subscribe to d. W. Books you meet your favorite writer write objective but i write is to share what i find beautiful. G. W. Books on you tube. The war is ugly more than 17000 civilians killed and injured since 2050 i will not give up the future of my children and their children so you can sleep at night they have to come and talk peace soon year after year the war in yemen goes on with no apparent end in sight but whos really trying to stop it my guest this week here in munich is the countrys foreign minister Mohammad Abdullah and our journey of the many thousands of civilian casualties and the enormous human suffering all being from nothing
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