Coronavirus Live Updates: Japan Warns About Risks to Economy From Outbreak

The 2019 Novel Coronavirus (2019-nCoV) has sickened thousands around the world and can be fatal, although the mortality rate remains unknown. The virus continues spreading to new countries.

It has no vaccine and no known cure.

Check back for updates.

Philippines Halts Tourist Visas to Chinese Nationals

The Philippines Bureau of Immigration said on Tuesday it will halt the issuing of tourist visas to Chinese nationals who arrive in the country to help stop the spread of 2019-nCoV.

“We are taking this proactive measure to slow down travel, and possibly help prevent the entry of the 2019-nCov,” bureau commissioner Jaime Morente said in a statement.

Malaysia on Monday suspended issuing visas to Chinese nationals traveling from Hubei province.

Japan Warns About Risks to Economy From Outbreak

Japanese Economy Minister Yasutoshi Nishimura warned on Tuesday that corporate profits and factory production might take a hit from the coronavirus outbreak in China that has rattled global markets and chilled confidence.

Asian stocks extended a global selloff as the outbreak in China fueled concern over the damage to the worlds second largest economy.

“There are concerns over the impact to the global economy from the spread of infection in China, transportation disruptions, cancellation of group tours from China and an extension in the Lunar Holiday,” Nishimura told a news conference after a regular cabinet meeting.

China is Japans second largest export destination and a huge market for its retailers. The Chinese make up 30 percent of all tourists visiting Japan and nearly 40 percent of the total sum foreign tourists spent last year, an industry survey showed.

The outbreak could hit Japanese department stores, retailers, and hotels, which count on a boost to sales from an inflow of Chinese tourists visiting during the Lunar Holiday.

“Were worried that sales and the number of shoppers could fall if the outbreak persists,” said a public relations official at Isetan Mitsukoshi Holdings, a major Japanese department store operator.

“Its not just about Chinese tourists. Were also worried that concern over the outbreak may keep Japanese shoppers home.”

Facebook, Others Restrict Business Travel to China as Warnings Grow

Facebook Inc. and other global companies including LG Electronics Inc. and Standard Chartered Plc. announced they are restricting travel to China on Tuesday.

Airlines are also cancelling flights and adjusting schedules as a growing number of countries raise travel warnings to not just Hubei province where the new coronavirus broke out, but also to the rest of mainland China.

The United States warned on Monday that Americans should “reconsider” visiting all of China, while South Korea elevated its travel warning on Tuesday, advising its citizens to refrain from visiting China.

South Korean home appliances maker LG has put a complete ban on travel to China and has advised employees on business trips in the country to return home as quickly as possible, a company spokeswoman said.

South Korean chipmaker SK Hynix Inc. said it was urging employees to avoid all non-essential travel to China, while banking group Standard Chartered restricted travel to both mainland China and Hong Kong.

In Germany, auto supplier Webasto, which has 11 sites in China, including in Wuhan, has halted all corporate travel to and from China following the virus and the infection of an employee.

Japans Honda Motor Co Ltd. said it recommended employees avoid travel to China, while Nissan Motor Co. said it plans to evacuate its Japanese staff and their families in Wuhan via a government-chartered flight.

As companies reassessed the risk of travel to China, some airlines said demand for flights was falling and they were adjusting schedules.

Private Charities Banned From Lending Aid in Hubei Province

Beijing has banned private charities and volunteers from entering Hubei Province, the epicenter of the coronavirus outbreak, or sending materials to hospitals directly.

Meanwhile, Chinese netizens complained on social media that officially sanctioned charity organizations were complicated and slow in their processing, delaying shipments to hospitals in Hubei.

Its unclear why authorities made the decision.

Read more here.

Tibet Tourism Sites Closed to Prevent Virus Spread: State Media

Potala Palace Tibet
Potala Palace Tibet
Potala Palace in Tibet. (JOHANNES EISELE/AFP/Getty Images)

Chinas Tibet Autonomous Region has temporarily closed all tourist sites starting on Monday to prevent the spread of the coronavirus, official news agency Xinhua reported.

Tianjin Says Will Set Up Dedicated Hospital to Treat Coronavirus Patients

The city of Tianjin inRead More – Source