Singapore: Unemployment rate highest in more than a decade
A report released by the Singapore Ministry of Manpower (MOM) on October 7 showed that the resident unemployment rate in the country rose by 0.4 percentage point in August to 4.5 percent, the highest level in more than a decade.
The Singaporean Ministry of Manpower’s weekly job situation report showed that the country's unemployment rate climbed 0.4 percentage point in August 2020 to 4.5 per cent.
Singapore (VNA) – A report released by the SingaporeMinistry of Manpower (MOM) on October 7 showed that the resident unemploymentrate in the country rose by 0.4 percentage point in August to 4.5 percent, thehighest level in more than a decade.
Whilemonthly unemployment rates have so far generally remained lower than pastrecessionary highs, they have been gradually rising, added the ministry.
During the severe acute respiratory syndrome (SARS) period in 2003, the ratewas 6.2 percent in September. It was 4.9 percent during the global financialcrisis in September 2009, noted the report.
ManpowerMinister Josephine Teo said at this point in time, it is difficult to predictwhether in the coming months, the unemployment rate will uptick at a fasterrate, or stay around the same.
Inthe three months to the end of June, retrenchments more than doubled to 8,130compared to the first quarter of the year at 3,220.
Shesaid that the Singaporean Government has introduced a new programme called JobsGrowth Incentive, which provides wage subsidies of 25 percent of the first 5,000SGD of gross monthly wages for each new local hire below 40. This will doubleto 50 percent for each of those aged 40 and above.
To be eligible for the scheme, firms mustincrease the headcount of their local workforce between September and nextFebruary, compared with August. They must also increase the number oflocal jobs that pay at least 1,400 SGD in gross monthly wages./.
The number of unemployed workers in Thailand reached 2.5 million in the first half of 2020, and will keep growing next year if state stimulus packages are not strong enough to battle economic woes, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) of Thailand.
Singapore’s employment fell by a record 103,500 in the second quarter of 2020, four times higher than that in the previous quarter, according to the Ministry of Manpower's Labour Market Report released on September 14.
The gross domestic product (GDP) of Vietnam grew 2.12 percent year-on-year in the first nine months of 2020, according to the General Statistics Office (GSO).
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
The Singaporean Ministry of Manpower’s weekly job situation report showed that the country's unemployment rate climbed 0.4 percentage point in August 2020 to 4.5 per cent. 
