METRO MANILA – Department of Labor and Employment (DOLE) said on Wednesday, that around 700,000 overseas Filipino workers (OFWs) may lose their job due to the impact of the Covid-19 pandemic worldwide. Labor Assistant Secretary Dominique Rubia-Tutay said in a briefing with the economic team, the immediate and long term effect of the Covid-19 pandemic continues to unfold and becoming …

METRO MANILA – The number of unemployed Filipinos of drops nationwide last July after lockdown eases and the economy slowly reopens amid the coronavirus pandemic. According to the data released by the Philippine Statistics Authority (PSA), The jobless rate in July was recorded at 10%, and major improvement from the 17.7% recorded in the longest and most strictest quarantine lockdown …

KUALA LUMPUR – Malaysia’s RM500 million Sukuk Prihatin under the National Economic Recovery Plan (Penjana) was launched in order to support the economic recovery. The package was launched with a fully digital subscription process as part of the government’s RM35 billion National Economic Recovery Plan (Penjana). The programme is open to Malaysians over 18 years old. They can subscribed to …

METRO MANILA – Presidential Spokesperson Harry Roque said that the country can’t afford to extend the imposed restrictions anymore as the economy can no longer sustain the extended lockdown beyond August 18. Roque claim that the next two weeks modified enhanced community quarantine (MECQ) will have a negative impact to the economy as 67% of our Gross Domestic Product comes …

Deputy Prime Minister Somkid Jatusripitak has stated that if Prime Minister Prayut Chan-o-cha wants to reshuffle the cabinet he is willing to embrace his fate. The prime minister’s prerogative is a choice to break up the government, Mr Somkid stated, adding that he thought the prime minister should choose appropriate candidates. Mr Somkid said that political problems would have an …

The opposition would seek to scale back funds earmarked for non-essential construction projects as well as defense spending during the review of the Fiscal 2021 budget bill of 3.3 trillion baht that passed its first reading in the House on Friday evening. A 72-member committee was created to review the budget package following the referendum, where the legislation approved with …

ASEAN regional bloc secretary general Datuk Lim Jock Hoi said that the member nations should reevaluate its economic path that is more inclusive, sustainable and digitally enabled post covid-19 economy. In the  virtual conference of Covid-19 economic recovery plan series by CIMB Asean Research Institute (CARI) last Friday, Lim shared his insights on how this current health crisis and its …

The Association of Southeast Asian Nations (Asean) and it’s member states together with China has expressed closer ties to boost cooperation in the health sectors in fight against the Covid-19 pandemic. In the 26th Asean-China Senior Officials’ Consultation held via videoconference for the first time last July 1, China and the regional bloc review the progress of the partnership and …

The 26th Asean-China Senior Officials’ Consultation was held virtually for the first time on July 1 to assess the progress made in the Asean-China Strategic Partnership. Philippines, the country coordinator for the Asean-China Dialogue Relations for 2018-2021 co-chaired the meeting with its Chinese counterpart, the Department of Foreign Affairs confirmed on Saturday. Asean-Philippines and the Philippine Temporary Senior Officials Meeting …

Laos is pushing ahead with the Luang Prabang dam hydropower project on the Mekong River, despite reservations aired by neighbouring countries. Especially over its potential to harm fisheries and farming downstream, the Mekong River Commission (MRC) said on Wednesday. The 1,400-megawatt (MW) Luang Prabang project will be Laos’s third and largest dam on the river, with construction originally set to …