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IMF sees sharper fall for Philippine economy this year

MANILA, Philippines — The “Great Lockdown” from March may have already eased, but is not loosened enough to put the brakes on the Philippine economy’s fall this year. Even with most of the economy already reopened, the existence of some form of movement restrictions to fight the deadly coronavirus would force the economy to contract faster […]

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Malaysia: Jobless rate remains at 4.7%

KUALA LUMPUR: The country’s unemployment rate remained at 4.7 per cent in August 2020, the Department of Statistics Malaysia (DOSM) announced on Tuesday. The number of those unemployed, however, decreased marginally by 3,500 persons to 741,600 during the month compared to July, it said in the latest labour force statistics report. Chief statistician Datuk Seri […]

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Thailand: Tax rebate scheme to fire spending

The cabinet on Monday approved a tax rebate scheme allowing people to deduct up to 30,000 baht spent on certain goods and services in an effort to stimulate the economy. Government spokesman Anucha Burapachaisri said the “shop dee mee khuen” project would run from Oct 23 to Dec 31 and would inject about 110 billion […]

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Malaysia unaffected by Indonesia’s new labour law

PETALING JAYA: Indonesia’s drastic move to attract investments by amending 79 laws in a single stroke recently, which include abolishing sectoral minimum wage and easing labour regulations, has raised questions on whether it would render Malaysia less attractive in the eyes of foreign investors compared to its neighbour. Malaysia is already facing stiff competition from […]

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Thailand: Chinese tourists on the way

The Ministry of Foreign Affairs has hinted that a group of Chinese tourists might travel on the same special flight arranged to repatriate Thai people to Thailand on Oct 26. The Tourism Authority of Thailand sent a list of the first group of STV (special tourist visa) Chinese tourists to the Thai consulate in Guangzhou […]

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