indo02
Read More

Indonesia: Govt issues new regulation for belabored preemployment card

The government on Wednesday issued a new regulation for its flagship incentivized training program to close loopholes in the previous regulation that prompted public criticism of systemic irregularities and conflicts of interest. The newly issued Presidential Regulation (Perpres) No. 76/2020 on the preemployment card allows the program management to demand that ineligible participants return the financial assistance (incentives) in full within 60 days. The management […]

Read More
th03
Read More

Thailand: Border trade activity down 9.7% in first 5 months

Thailand’s cross-border trade fell by 9.7% year-on-year in the first five months of 2020 as the coronavirus ravaged the global economy and led neighbouring countries to close nearly all border checkpoints. The Foreign Trade Department on Thursday said the country’s overall cross-border trade, including transit trade, totalled 524.35 billion baht from January to May, with Malaysia […]

Read More
malay02
Read More

Income inequality in Malaysia widened even while median household income rose to RM5,873 in 2019, according to latest statistics

KUALA LUMPUR, July 10 ― As the median household income continues to grow in Malaysia, the latest official statistics showed that income inequality in the country has gone up in 2019 when compared to 2016. In the Household Income and Basic Amenities Survey Report 2019 released today, the Department of Statistics Malaysia’s (DOSM) figures showed […]

Read More
phil01
Read More

Philippines: ‘Peso most stable currency in Asia’

MANILA, Philippines — The Philippine peso has emerged as the most stable currency among its Asian counterparts even amid the uncertainties caused by the COVID-19 pandemic, according to the Department of Finance (DOF). In a report, Finance Undersecretary and chief economist Gil Beltran said the peso remained resilient despite the headwinds faced by the global […]

Read More