SINGAPORE – Wages are likely to be harder hit than employment amid the Covid-19 outbreak, although workers in the retail trade, food and beverage, and recreation sectors are most vulnerable to layoffs, the Monetary Authority of Singapore (MAS) said on Tuesday (April 28). Labour demand will decline significantly across most sectors of the economy as overall […]
Read MoreThailand’s retail market is likely to see a sharp contraction in the first quarter as the spread of the coronavirus compounds the blow from widespread drought and evaporation of tourist arrivals. Total retail sales are forecast to drop by 30% in the first quarter this year, with tens of billions of baht in estimated losses, […]
Read MoreThe government has announced it will launch rules and a special logo to certify food is organic. The announcement number 163, signed by Veng Sakhon, minister of agriculture, forestry and fisheries, is named Cambodia’s Organic Agriculture Rules and National Logo for Implementation in Preliminary Food Production and Processing. It is to promote mutual trust among […]
Read MoreMANILA, Philippines — Stuck at home during the enhanced community quarantine, Mark Andrew Francisco, 30, from Rizal province has resorted to paying his bills online, something he has not tried doing before. “I’ve always preferred lining up in a branch to pay my dues because my payments get credited real-time, unlike if you pay online, […]
Read MoreSINGAPORE – The many risks to a decisive recovery may see Singapore’s economy contract by more than forecast this year, the Monetary Authority of Singapore (MAS) warned in its macroeconomic review released on Tuesday (April 28). The Government has said it expects gross domestic product (GDP) to shrink by between 1 per cent and 4 […]
Read MoreThe Financial Regulatory Department under the Ministry of Planning, Finance and Industry is in the process of drafting a Credit Guarantee Corporation Law, U Thant Sin, director of the department, told The Myanmar Times. The aim of the law is to support the provision of financing for micro, small, and medium enterprises (MSMEs) by enabling the […]
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Thailand
