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Philippines: More retail electricity suppliers accredited

MANILA, Philippines —More retail electricity suppliers (RES) joined the Competitive Retail Electricity Market (CREM) in the second quarter as the Energy Regulatory Commission (ERC) granted a total of 42 RES licenses and authorized 25 local RES during the period. The suppliers now compete for the supply of electricity of contestable customers in the CREM, where […]

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Malaysia: Manufacturers remain cautious

KUALA LUMPUR: With many manufacturers expecting a long road to recovery for their businesses to return to pre Covid-19 levels, more layoffs in the Malaysian manufacturing sector could be seen in the coming months. This is according to a recent survey by the Federation of Malaysian Manufacturers (FMM) and Malaysian Institute of Economic Research (MIER). […]

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Thailand: Stimulus measures to boost virus-hit economy

The government will introduce more stimulus measures to revive the economy hit by Covid-19 and restore investor confidence, Deputy Prime Minister Supattanapong Punmeechaow said on Wednesday. He said the additional measures are aimed at boosting domestic tourism and consumption as well as creating an estimated one million jobs for new graduates and unemployed workers, Mr […]

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Covid-19 widens wage gap in Singapore, as lower income groups suffer more severe salary cuts, DBS study shows

SINGAPORE, Aug 19 — The Covid-19 pandemic has worsened wage inequality in Singapore with the lowest-income groups suffering the sharpest drops in their salaries.  This is a finding from a DBS study released yesterday which looked at the incomes earned by 1.2 million of its retail customers — Singapore citizens and permanent residents aged 25 to […]

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