Labour market rebounding quickly: Minister Society

Labour market rebounding quickly: Minister

Vietnam’s labour market has bounced back quickly after the social distancing period, according to Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung, who also expects it to return to the first-quarter level in the July-September period.
EU assists Cambodia in post-COVID-19 economic recovery World

EU assists Cambodia in post-COVID-19 economic recovery

The European Union (EU), its member states and their financial institutions and agencies are mobilising 443 million EUR (503 million USD) in grants and loans to work with Cambodia in fighting COVID-19 and mitigating its socio-economic impacts.
Philippines sees record high in unemployment rate ASEAN

Philippines sees record high in unemployment rate

Unemployment in the Philippines soared to 17.7 percent in April, equivalent to around 7.3 million jobless Filipinos amid the COVID-19 pandemic, the Philippine Statistics Authority (PSA) announced on June 5.
Malaysia’s unemployment rate highest in 12 years World

Malaysia’s unemployment rate highest in 12 years

Malaysia's unemployment rate is now the highest since the 2008-2009 world financial crisis, at 3.9 percent, as people saw their livelihoods affected by COVID-19 and the movement control order (MCO), said the country’s Department of Statistics.
IMF forecasts slight economic growth for Indonesia in 2020 World

IMF forecasts slight economic growth for Indonesia in 2020

The International Monetary Fund (IMF) projected that Indonesia’s economic growth will remain in positive territory this year, albeit ever so slightly, as the coronavirus pandemic puts the global economy at risk of its worst recession since the Great Depression of 1930.