Auto makers are grappling with absent U.S. factory workers and Covid-19 cases at their reopened plants, complicating the companies’ efforts to recoup production lost to the pandemic. The impact on output has been minimal as many plants aren’t yet operating at full capacity, the companies said. Still, the challenges have required auto makers to adjust […]
Read MoreKUALA LUMPUR, June 16 — Malaysia’s unemployment rate could hit six per cent or even higher this year, worse than during the 1997 Asian financial crisis and 2008 Great Recession when unemployment rose to 3.2 per cent and 3.7 per cent respectively, said AmBank Group Research. The recent labour market data according to the research house suggested the health of the […]
Read MoreThailand and the world’s other top rubber producers are starting to emerge from their worst quarter in over a decade, but the path to recovery looks fragile. Though consumption from rubber glove makers is continuing to rise, demand from carmakers, traditionally the biggest customer base, is still down. Meanwhile, China reopening its economy has added […]
Read MoreThe Hanoitimes – In contrast to a wide range of investment incentives for multinationals, investment procedures for local enterprises, especially small and medium ones, remain complicated. While Vietnam is stepping up efforts to attract fresh foreign direct investment (FDI) in the post-Covid-19 period, efficient and strong supporting policies for domestic firms are equally important to boost […]
Read MoreSINGAPORE – Many lower-paid workers continue to be employed during the circuit breaker period as they are engaged in essential services, said Manpower Minister Josephine Teo. Her remarks came in response to questions about how low-wage staff members were coping given total employment fell by the sharpest margin ever in the first quarter compared with the last […]
Read MoreSINGAPORE, June 15 — Economists expect Singapore’s economy to shrink by 11.8 per cent in the second quarter and 5.8 per cent this year, which would be the worst recession to hit Singapore if it were to come to pass. This latest forecast, published in a quarterly survey by the Monetary Authority of Singapore (MAS), […]
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Thailand
