SINGAPORE – Budget carrier Jetstar Asia is cutting a quarter of its mainly-Singaporean workforce in July as part of “difficult but necessary decisions”. The cuts of up to 180 people across all parts of its business affect 26 per cent of Jetstar Asia’s workforce, even as most of its remaining employees will stay furloughed until […]
Read MoreDespite massive difficulties hitting the economy, the National Assembly has decided not to adjust socio-economic goals for 2020, especially the growth rate, saying efforts would be made to attempt to realise them. The ninth session of the 14th National Assembly (NA) wrapped up last week decided that all socio-economic targets earlier set by the legislature […]
Read MoreThe Kingdom’s annual $7 billion garment and textile sector, which has already been hard hit by the Coronavirus pandemic, is still struggling to make up for its partial loss of a preferential zero-tax trade deal provided by the European Union due to end in August. The Garment Manufacturers Association of Cambodia (GMAC) and the Cambodia […]
Read MoreIndonesia and 14 other negotiating countries agreed Tuesday to sign the Regional Comprehensive Economic Partnership (RCEP) this year to help their economies recover from the pandemic-induced downturn. Iman Pambagyo, who has led the RCEP trade negotiating committee since 2013, said he expected the deal to be signed in November. Countries have so far agreed on […]
Read MoreBecause of unprecedented difficulties, Thailand may be outstripped by Vietnam in rice exports this year, but this may only be for the short term. The US Department of Agriculture in its May report showed that Thailand suffers heavily from drought, while Vietnam doesn’t. The agency predicted that Thailand’s rice output this year would decrease by […]
Read MoreCambodia’s Prime Minister Hun Sen yesterday expressed concern over private schools that have rented buildings and are now facing closure because of the COVID-19 pandemic. Premier Hun Sen also appealed to the owners of the building to be gentle and understanding in reducing the cost of renting buildings while the whole country is facing a […]
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