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Myanmar workers march to call for minimum wage rise

About 2,000 workers have marched for a daily minimum wage increase and also called on the government to provide them with social welfare housings. The workers from the factories of Yangon, Bago and Thanlyin industrial zones on Sunday also asked authorities to impose penalty of imprisonment against employers who ignore the rules and orders of […]

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Thailand 4.0 may see 23m redundant

Some 23 million unskilled and semi-skilled labourers in the agricultural and industrial sectors are at risk of becoming unemployed once implementation of high technology and innovation in production hit their stride. Thanit Sorat, vice-chairman of the National Labour Development Advisory Council, said the government’s ambitious Thailand 4.0 scheme, which focuses on high-tech industries and innovation, will […]

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Phillipines: Foreign investments surge 57% in May

MANILA, Philippines – Foreign direct investment (FDI) inflows into the Philippines jumped 57 percent to $572 million in May from $364 milion a year ago as the country’s strong macroeconomic fundamentals continued to buoy investor confidence, according to the Bangko Sentral ng Pilipinas (BSP). “This was driven by the continued positive outlook on the Philippine […]

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Indonesia’s Economy Predicted to Come to a Standstill until 2019

TEMPO.CO, Jakarta – Ari Kuncoro, Economy and Business Faculty Dean at the University of Indonesia, appreciates that the government has managed to achieve 5 percent economic growth. However, he said that it would be rather difficult to meet 5.2 percent economic growth set in the revised 2017 state budget (APBN-P). “I foresee a maximum of 5.1 percent growth this year,” he said yesterday, August 10. Ari explained that the economy will come to a standstill since one of the driving forces for […]

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