Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Sunday, December 13, 2020

Cargo ship ONE Apus loses more than 1,800 containers in Pacific storm


The Japanese-flagged container ship ONE Apus has lost 1,816 cargo carriers after it was caught up in a violent storm in the Pacific on November 30, 2020. The vessel arrived December 8 in the Japanese port of Kobe, where shipowners and managers said a full safety inspection would be carried out. The incident is described as the second biggest cargo loss in shipping history. Support us: https://subscribe.scmp.com

Surviving Australia’s COVID-19 recession: Life after JobKeeper | Four Corners


Australia is in the deepest economic downturn since the Great Depression with decades of economic growth brought to a halt as the result of the coronavirus pandemic.   

More than six months on from the borders closures and restrictions, Four Corners investigates the financial fallout for everyday Australians and what the future may hold.

From Byron Bay to Melbourne, from Manjimup to Sydney, we explore what it will take for Australia to recover.



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Who Are Malaysia’s New Poor? The COVID-19 Recession


With rising unemployment, about 5 to 8 per cent more Malaysians could below its new poverty line income, which stands at RM2,208, as a result of the pandemic and the global recession it has triggered. That's as many as 2.4 million more who could become the 'new poor'.

Some who have found themselves suddenly without a job or reduced income stream have found different ways to cope - from adjusting their perspectives, to relying on the charity of others, like Kechara Soup Kitchen in KL.

The Malaysian government also has been giving cash handouts to struggling low-income households, as part of four economic stimulus packages totalling some US$75 billion to support businesses and households. But for some like the NAK Hotel in Sandakan, Sabah - a state that relies heavily on tourism - it's not enough. The hotel,  which employed many staff from the B40 (bottom 40 per cent), has had to shut its doors.

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