KUALA LUMPUR: Malaysia’s government and companies must address mounting allegations of workplace abuse of migrant labourers who fuel the country’s economy, or face risks to its export-reliant growth model, experts warn. Malaysia has for decades banked on migrant workers to power mainstay manufacturing and agriculture, becoming an integral part of the global supply chain for […]
Read MoreMANILA, Philippines — The Japan Center for Economic Research (JCER) expects the Philippine economy to be among the best performers in the region until next year, as the May 2022 polls will significantly drive spending. In its latest survey, JCER hiked its gross domestic product (GDP) growth forecast for the Philippines for both 2021 and […]
Read MoreThe National Bank of Cambodia (NBC) said that at the end of the third quarter of 2021, banking and financial institutions provided loans totaling 185.1 trillion riels or about $44.9 billion to agriculture, construction, manufacturing, services, wholesale and retail trade and household units. This accounted for a 23 percent increase when compared to the same […]
Read MoreThe pandemic has taken its toll on Viet Nam’s labour market conditions, according to the report “A crisis like no other: COVID-19 and labour markets in Southeast Asia – Evidences from Indonesia, Malaysia, the Philippines, Thailand, and Viet Nam” published last week by the Asian Development Bank (ADB). According to the report, Viet Nam’s unemployment […]
Read MoreKUALA LUMPUR, Dec 21 — Economic recovery in Malaysia is expected to gain momentum in 2022, with the World Bank projecting the economy to grow by 5.8 per cent, mainly driven by an acceleration in private consumption. The Washington, DC-based institution said exports are projected to continue to expand, albeit at a slower pace, in line with the […]
Read MoreDomestic car sales in Thailand fell 3.2% in November from a year after a 13% fall in the previous month, thanks to the country’s broader reopening and government support measures, the Federation of Thai Industries (FTI) said on Tuesday. In November, car sales were 71,716 vehicles, the highest in eight months, and 668,520 cars in […]
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