The Philippine economy shrank for a third consecutive quarter, though at a slower rate compared to second quarter’s plunge of 16.5%.
The percentage of workers “temporarily laid off” by small and medium sized companies rose sharply from 28.0% in August to 50.1% in September.
The pandemic has caused some 2.56 million people to lose their jobs, raising Indonesia’s open unemployment rate to its highest since 2011.
Workers in their 30s have been hit the hardest, with the unemployment rate exceeding 70% for this group.
The Malaysian government has assured the 2,647 retrenched staff of Malindo Airlines that they will receive due compensation and retraining.
The company that handles ground services for the Hong Kong International Airport will axe 340 staff from next month.
The extension by the Hong Kong Mortgage Corporation (HKMC) comes amid rising unemployment and recession due to COVID-19.
The latest announcement by comes as the ailing airline continues to struggle against the backdrop of the COVID-19 pandemic.
Robinson is the latest high-profile company to cease operations in Singapore at a time when unemployment is on the rise.
The Hong Kong carrier announced it will be changing the contracts of its pilots and cabin crew as part of its restructuring exercise.
Despite the lowest increment in a decade, Hong Hong employees can look forward to a slight pay rise next year.
Plunging demand for its aircrafts due to the COVID-19 pandemic has forced the company to cut its workforce from 160,000 to 130,000.
The Cambodian government’s projection contradicts that of the IMF’s, which expects the Cambodian economy to contract by 2.8% in 2020.
The survey, which involved more than 12,000 working adults in 27 countries, showed wide variations of job-loss concern between countries.
The Hong Kong carrier is also planning to make changes to the contracts of its pilots and cabin crew as part of its restructuring.
Despite the impact of the COVID-19, Vietnam and Myanmar are the only two countries in ASEAN that are expected to register positive growth this year.
The move comes as about 90,000 businesses in the country remain closed due to the COVID-19 lockdown imposed by the government.
The latest tranche of payouts in the Jobs Support Scheme is designed primarily to help employers pay the wages of about 1.9 million local employees.
A new scheme will allow tourists to visit designated areas within some Thai provinces as the country prepares to allow more tourists back into the country.
The phased reopening of the economy following Singapore’s circuit breaker is helping the recovery efforts of some sectors.
Only 21% of the job and training opportunities available in the retail sector since April this year have been taken up, says Singapore’s MOM.
The country’s GDP is likely to return to pre-pandemic level only in 2022, the World Bank has predicted.
Japan’s unemployment rate also went up to 3% for the first time in over three years, with the government urging firms to keep their workers.
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.