Indonesia’s economy suffered its sharpest downturn since the 1998 Asian financial crisis in the second quarter, as the COVID-19 pandemic shut down large parts of the country, ravaging businesses and leaving millions out of work. GDP contracted 5.32 percent in the second quarter, the lowest since the first quarter of 1999, Statistics Indonesia (BPS) announced Wednesday. The figure […]
Read MoreMANILA, Philippines (UPDATE 2 2:20 p.m., Aug. 5) — Prices of basic goods and commodities quickened for the second straight month in July to a 6-month high, propelled by a recovering consumer demand on the second month of economic reopening. Inflation, as measured by the consumer price index, accelerated to 2.7% year-on-year in July, up from 2.5% in […]
Read More[SINGAPORE] Singapore is seeking to open the door to a wider range of business and leisure visitors to boost its hard-hit tourism sector, with the return of mass travel still a long way off amid the pandemic, according to the head of the country’s tourism agency. The industry expects more job losses in the coming […]
Read MorePETALING JAYA: Seeking a career change and better paying salaries are among the top reasons more than half of Malaysian respondents (58%) in a Ranstad survey say they intend to look for a new job in the next 12 months. In its 2020 Covid-19 Labour Pulse Survey, recruitment agency Randstad Malaysia surveyed 531 locally-based employees […]
Read MoreA robust office market has attracted non-developer Thai investors and foreign investment groups, with a large amount of new supply being added in Bangkok after 2024, according to property consultant Colliers International Thailand. Phattarachai Taweewong, associate director of research and communications at Colliers, said new office supply in the pipeline scheduled for completion from 2025 […]
Read MoreKhmer Enterprise (KE), a unit of the Entrepreneurship Development Fund established by the Ministry of Economy and Finance (MEF), is calling for applications for the KE Assistance Package second round for small and medium enterprises (SMEs) and startups. Applications opened from July 27 onward. The KE Assistance Package is a strategic programme that addresses and […]
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