The latest labour market report released by the Ministry of Manpower (MOM) reveals that the country’s unemployment rate in the first quarter of 2020 hit 2.4 percent, the highest in a decade.
Economic growth in the ASEAN region could rebound to an average 8 percent in 2021 after falling into recession in the first half of 2020, a report suggested on June 8.
The Thailand Development Research Institute (TDRI) has forcast that Thailand is likely to take up to three years to return to normal economic conditions similar to 2019.
Enterprises in Singapore recorded their worst performance in the first quarter of 2020 since the global financial crisis of 2008 as the COVID-19 pandemic pushed the economy to stagnation, a recent business climate survey showed.
The Financial System Stability Committee (KSSK) of Indonesia has warned that the COVID-19 pandemic is threatening the stability of the country’s financial system as it causes a supply-demand shock and weakens financial industry and macro-economy.
Malaysia’s economy is expected to have contracted for the first time in more than a decade in the first quarter as COVID-19 crisis shattered private consumption and external demand.
The Purchasing Managers' Index (PMI) that gauges manufacturing conditions in Singapore slumped to an 11-year low in April, as firms struggled with order cancellations as a result of global coronavirus containment measures.
Worries has increased over Malaysia’s new daily COVID-19 infections at the three digits for the second straight day on May 3, just one day before the country partially loosens the Movement Control Order (MCO).
The International Monetary Fund (IMF) has forecasted that Cambodia's Gross Domestic Product (GDP) will experience a negative growth of 1.7 percent in 2020 due to social distancing measures to contain the COVID-19 pandemic.
Thailand’s relevant agencies, including the finance ministry and central, bank are working to revise a new stimulus package in order to reduce the impact of the COVID-19 pandemic worth more than 500 billion baht (15.3 billion USD).
The Indonesia Stock Exchange (IDX) will shorten trading hours, starting March 30, as one among measures to reduce market volatility caused by the COVID-19 pandemic, and the first time in history that the IDX has made such a move.
The economic and labour crisis caused by the COVID-19 pandemic could increase global unemployment by almost 25 million, according to a new assessment by the International Labour Organization (ILO).
The International Labour Organisation (ILO) in Vietnam stands ready to support the Vietnamese government, employers and employees in the fight for decent work at the time of the global health, labour and economic crisis, said ILO Vietnam Director Chang-Hee Lee.
The International Pepper Conference 2019 opened in Vung Tau city, the southern province of Ba Ria-Vung Tau, on November 12, drawing 400 delegates from Vietnam and 25 other member countries of the International Pepper Community.
Vietnam is expected to remain one of the top ten remittance receivers in 2019, according to the latest edition of the World Bank’s Migration and Development Brief released recently.
World
