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Raising minimum qualifying salary of Singapore work pass holders may not be long-term solution, say companies

SINGAPORE, Aug 29 — While higher manpower costs would be inevitable with the latest changes to salary requirements for work pass holders, companies contacted by TODAY said that the impact on costs is not something they are too concerned about. Instead, they, along with some industry observers, questioned whether these policy directions will achieve the desired effect […]

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Cambodia ensures food security and rice exports

The beginning of this season’s rice harvest has been slower than in 2019. Tis has been brought about by drought causing slower seed-planting, resulting in some farmers having to replant and harvest has now been extended into December. Kao Thach, director-general of the Rural Development and Agriculture Bank (RDAB), said that although the drought had […]

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Philippines: Factory activity in Asia improves in August

MANILA, Philippines — Purchasing Managers Indexes (PMIs) for manufacturing in Asia are expected to have improved in August from July as demand recovers slowly, according to London-based think tank Capital Economics. In a research paper, the think tank said second waves of COVID-19 infection and economic scars from the pandemic would continue to weigh on […]

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Malaysia: Retirees impacted by low interest rates

THE low interest rate environment has made it more difficult to find risk-free returns, making the life of retirees who put their savings into fixed-deposit (FD) instruments for returns more difficult. While interest rates have been on a falling trend globally, especially in the more developed economies, the trend seems to have caught on in […]

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