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Philippines loses P2.2 trillion to COVID-19

MANILA, Philippines — The pandemic wiped out $43 billion (P2.2 trillion) in Philippine economic output last year, with the impact of the health crisis expected to be felt until the medium term, according to Tokyo-based think tank Japan Center for Economic Research (JCER). In a report, JCER said the 15 major economies in Asia lost […]

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Thailand: Ministry aims to keep living costs in check

The Commerce Ministry’s Internal Trade Department is keeping a close watch on the prices of essential and agricultural products for the remainder of the year as floods are affecting parts of the country and energy prices are rising. Wattanasak Sur-iam, the department’s director-general, said products under the department’s focus include consumer products for daily use, […]

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Indonesia: Manpower Ministry to Help Workers Affected by Giant Supermarket Closure

TEMPO.CO, Jakarta – The Ministry of Manpower is preparing several attempts regarding the decision of PT Hero Supermarket Tbk. to close all of its Giant outlets. One of them is by preparing facilities to help thousands of Giant supermarket employees that, reportedly, would be laid off based on the company’s decision. “To join re-skilling training at our vocational training centers (BLK),” said the ministry’s […]

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