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Thailand: 75% wages compo plan ‘put on hold’

The Labour Ministry has decided to back off from seeking a hike to 75% compensation of the daily wage for workers affected by the Covid-19 outbreak amid resistance from labour activists, a ministry source said on Sunday. Labour Minister MR Chatu Mongol Sonakul had proposed the change but for the time being it has been […]

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Cambodia: Regular air travel not lifting off

The Kingdom’s airline operator said that local travelling by air will take at least one year to recover after the pandemic ends, according to the chairman of Cambodia Angkor Air. Tek Reth Samrach, chairman of Cambodia Angkor Air, told Khmer Times that it was affected by the COVID-19 pandemic. Angkor Air provided just one flight within two […]

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Ikea to open third Singapore outlet at Jem in 2021

SWEDISH meatballs and home furnishings by Ikea are set to arrive in Singapore’s western region, when the retailer opens an outlet at Jem shopping centre in 2021. This will be its first small-store concept in South-east Asia, whereby the Swedish home goods giant becomes a tenant within a mall instead of establishing another of its […]

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Vietnam’s economic recovery predicted much faster than regional peers

The Hanoitimes – Vietnam would be among a handful of nations maintaining positive economic growth this year, according to a World Bank expert. Vietnam’s highly effective Covid-19 countermeasures would help the country’s economy recover from the pandemic much faster than regional peers, according to David Hutt, a journalist specializing in Southeast Asian politics. During the outbreak […]

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Philippine faces more credit downgrades

MANILA, Philippines — The Philippines is facing more downgrades from international credit rating agencies in the coming months as the economic fallout from the coronavirus disease 2019 or COVID-19 pandemic is likely to be felt in the coming years. Euben Paracuelles, economist at Nomura, said S&P Global Ratings is likely to revise its credit outlook […]

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Cambodia: New port ‘will boost’ tourism

The construction of the new tourism port in Kampot province is more than 30 percent complete and is expected to be finished by the middle of the year, according to the Kampot provincial tourism department. The project is supported by the Asian Development Bank (ADB). ADB approved an $8 million loan for the port project […]

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