The Monetary Authority of Singapore has moved to allow SMEs facing cashflow difficulties to defer their loan repayments until 2021.
Why HR’s next steps need to include adopting technology and moving beyond financial survival and workplace safety.
The COVID-19 pandemic has taken a heavier toll on the global workforce than it previously forecasted, ILO said.
Critics say that the proposed bill will cut severance benefits and revise rules on outsourcing, while having a negative impact on the environment.
New measures announced by the Malaysian government will help preserve more jobs, says the SME Association of Malaysia.
The latest injection of cash aid by the Thai government aims to boost the economy and preserve jobs.
A 3-week bootcamp organised by the Indonesian government aims to help prepare SMEs to go digital, an initiative key to the country's economic recovery.
Prime Minister Scott Morrison hopes the declining COVID-19 cases is a sign of better things to come for Australia's job market.
Trade and Industry Minister Chan Chun Sing said Singaporeans should not worry as there are 3.5 million jobs for 2.5 million locals.
More micro, small and medium businesses have been forced to temporarily close in the Philippines than any other country in ASEAN.
New measures by the Hong Kong government include the raising of loan caps for SMEs, as well as an extended repayment period.
The closure of borders since March 19 has had a detrimental effect on New Zealand’s economy. alongside restrictions imposed across the country.
The bank had put a pause on its job cuts during the COVID-19 pandemic but will now resume the cost-cutting exercise.
In the wake of the COVID-19 pandemic, the Asian Development Bank expects most economies in Asia Pacific to contract in 2020.
More than A$3 billion has been earmarked to help businesses in the Australian state of Victoria overcome the impact of COVID-19.
Consumer sentiment continues to be downbeat as South-East Asia’s largest economy struggles with the financial impact of COVID-19.
SIA CEO said it is the "hardest and most agonising decision", and that the retrenchment will be done in a fair and respectful manner.
The economic outlook remains uncertain and Singapore has yet to feel the full economic impact of the COVID-19 pandemic, experts said.
The South-East Asian country is continuing to feel the impact of the pandemic after record growth was recorded in the previous two years.
The reopening of the economy in the Philippines has helped the country reduce its unemployment numbers.
The International Airport Transport Association has called on governments to open borders in a bid to save the ailing airline industry.
The latest statistics provided by the Australian Bureau of Statistics also points to the country’s worst economic years in more than 60 years.
While confident that they can tide over the pandemic, most businesses in Singapore acknowledge the challenges facing them.
The Recovery Movement Control Order (RMCO), which had been slated to end on August 31, will now be extended to the end of 2020.
Further measures such as subsidies to encourage more hiring and domestic travel are expected to be rolled out in the near future.
Both workers and businesses will benefit from the stimulus programmes introduced by the Indonesian government.
The IFC has earmarked a series of financial aid initiatives to provide COVID-19 support for MSMEs in Asia-Pacific.
Despite the uncertainty presented by the pandemic, SMEs in Vietnam will continue with their investment plans.
57 billion baht worth of loan guarantees have been earmarked for Thai SMEs struggling under the weight of COVID-19.
The human resources ministry in Malaysia is working to reduce cases of local and foreign workers losing their jobs through the redeployment initiative