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Philippines’ unemployment rate steady at 8.7% in Jan

[MANILA] The Philippines’ unemployment rate remained at 8.7 per cent in January, unchanged from the last official survey in October, with more people rejoining the labour force as the country relaxed coronavirus curbs and reopened the economy. The South-east Asian nation, one of the region’s fastest growing economies before the pandemic, is grappling with a […]

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Thailand: Reopening hinges on jab strategies

Vaccination will have a profound impact on Thailand’s tourism industry recovery and reopening strategy this year, with 2 million foreign tourist arrivals expected at this juncture, says Kasikorn Research Center (K-Research). “Thailand’s path to economic recovery will mostly depend on the tourism industry [outlook] as to when the country will reopen for foreign tourist arrivals. […]

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Cambodia: Gender equality vital to boosting economic output

According to an Asian Development Bank (ADB) report, increasing job opportunities in decent work for women is essential for growth and vital for the advancement of economic and social development in Cambodia. However, it also said that attitudes toward providing decent work to men and women alike, irrespective of their ethnic origin and class, continue […]

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Malaysia: Retailers see growth at 4.1% in 2021

PETALING JAYA: Retail Group Malaysia (RGM) has revised downwards its 2021 retail sales growth projection to 4.1% from 4.9% previously, mainly due to the re-implementation of the movement control order (MCO) in January. The association said the latest revision is also based on other factors of consideration. “More retail businesses will be allowed to open […]

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