While Kuwait has for years been slowly replacing public-sector expatriates with nationals, the coronavirus has accelerated its efforts.At the end of 2019, only 19% of the Kuwaiti workforce was in the ... ( read original story ...)
Kuwait vows to slash expat population from 70 to 30 percent
Kuwait’s prime minister has said the country’s expatriate population should be more than halved to 30% of the total, as the coronavirus pandemic and a slump in oil prices send shudders through Gulf ... ( read original story ...)
North Korea warns South Korea to stop defectors from scattering anti-North leaflets: KCNA
The sister of North Korea's leader has warned South Korea to stop defectors from sending leaflets into the demilitarized zone separating the countries, saying it may cancel a recent bilateral military ... ( read original story ...)
Thai economy to shrink more than expected as job losses mount – c.bank minutes
Thailand's economy will contract more than expected this year and the jobs outlook to deteriorate sharply from the impact of the coronavirus outbreak, minutes from the central bank's latest meeting ... ( read original story ...)
Can Vietnam could take advantage of new foreign investment strategies?
Over the past few decades, many companies worldwide have come to China, seeking a place to set up production bases and do business as they were lured by the country’s low labour costs and enormous ... ( read original story ...)
Over 40 business groups express support for economic stimulus bill
Forty-four of the country’s biggest business organizations on Wednesday expressed support for the proposed measure aimed at addressing the economic impact of the COVID-19 pandemic. ( read original story ...)
Japan Mulls Scaled-Down Games; LatAm Deaths Rise: Virus Update
Singapore and China agreed to ease quarantine requirements for business and official travelers as countries in Asia slowly take steps to ease back to normal, while Japan reportedly debates scaling ... ( read original story ...)
Japanese yen offers stability in the medium term: Strategist
Mazen Issa of TD Securities says that the currency markets have largely ignored economic data in the past few months. He says the Japanese yen offers more stability in the coming months, and expects ... ( read original story ...)
Japan to Allow Foreigners’ Re-Entry for Humanitarian Reasons
Japan will allow some resident foreigners to re-enter the country on humanitarian grounds after facing criticism its policies made their return uncertain and left the group in a Covid-19 travel limbo. ( read original story ...)
From wagyu beef to melons, Japan’s $2.2 trillion virus rescue piques struggling firms
As the coronavirus jolts Japan, the government's huge stimulus package has come under fire from hard-hit restaurant owners for channelling funds for items like wagyu beef, melons and tourism rather ... ( read original story ...)