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Indonesia – Exclusive: IMF raises concern over environmental standards in Job Creation Law

The International Monetary Fund (IMF) has raised concern over environmental protection – or the lack thereof – in the Job Creation Law, calling on the government to ensure sustainable growth. While the new omnibus law would ease restrictions that had been identified as obstacles to job-creating investment and higher productivity, which could boost growth and […]

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Cambodia: Index sees up to 100,000 job losses

SET-listed event and marketing services firm Index Creative Village Plc expects as many as 100,000 employees in the sector to lose their jobs because of the pandemic and ongoing anti-government demonstrations. Kreingkrai Kanjanapokin, the company’s founder and chief executive, said the event business has been battered by the pandemic since the government’s lockdown measures on […]

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Cambodia: Call for greater investment in digital infrastructure

Asian Development Bank (ADB) President Masat- sugu Asakawa yesterday urged Southeast Asian countries to expand investments in digital infrastructure and ensure equitable access to technology as economies recover from the Coronavirus pandemic. “We must close the digital divide and expand existing investments in digital infrastructure by building more and higher quality mobile broadband infrastructure and […]

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Malaysia – MIER: Consumers remain cautious

KUALA LUMPUR: In its Consumer Sentiments Survey Report for the third quarter (Q3) of 2020, the Malaysian Institute of Economic Research’s (MIER) said consumers remained cautious on the Covid-19 pandemic. This is reflected in the latest CSI which, at 91.5, has changed little from the prior quarter’s 90.1 and remains below the 100-point optimism threshold, […]

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Philippines: Term deposit rates rise

MANILA, Philippines — Term deposit rates increased on strong demand from cash-rich banks as the Bangko Sentral ng Pilipinas (BSP) continued to suspend the offering of the 28-day tenor. BSP Deputy Governor Francisco Dakila Jr. said the yield of the seven-day tenor went up by 3.47 basis points to 1.8813 percent at the Term Deposit […]

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