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Malaysia firms turn down orders as migrant labour shortage hits

MALAYSIAN companies from palm oil plantations to semiconductor makers are refusing orders and forgoing billions in sales, hampered by a shortage of more than a million workers that threatens the country’s economic recovery. Despite lifting a Covid-19 freeze on recruiting foreign workers in February, Malaysia has not seen a significant return of migrant workers due […]

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Thailand: BoT hints at rate hike

Increasing the policy interest rate should not happen too late because inflation continues to rise, says Bank of Thailand governor Sethaput Suthiwartnarueput. He said if the central bank waits too long and the inflation rate keeps rising, the country might have to use stronger medicine or increase the rate sharply, which are measures no one wants […]

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