Jean-François van Boxmeer, chairman of the Executive Board and CEO, commented: "Obviously, the key focus for us is on running the company through the current unprecedented COVID-19 crisis, with our first priority being the health and well-being of our people. At the same time, we are preparing for the future with these appointments. I am very pleased with Dolf’s choice of Jacco van der Linden leading our Asia-Pacific region, and Soren Hagh leading our Europe region from June 1, 2020. Jacco and Soren have an outstanding track record delivering strong business results, and they both have great leadership, people, and commercial skills. We are confident that Jacco and Soren will be very valuable in our executive team, and in leading the business and respective teams in their regions." … [Read more...] about BUSINESS NEWS HEADLINES APRIL 4
Coping capacity disaster management
Singapore (VNA) – Singapore’s Purchasing Managers' Index (PMI) declined 3.3 points to 45.4 in March, the lowest level since 2009, said the Singapore Institute of Purchasing and Materials Management (SIPMM). It was the second contraction in a row and the lowest reading since February 2009 when the index was at 45 points, SIPMM said in a statement on April 3. The electronics sector’s PMI fell 3.5 points from February to 44.1, which was also the lowest reading since February 2009 and the second month of contraction. The electronic factory output index slipped to 40.9, its lowest point since December 2008. The March PMI data for both overall manufacturing and electronics showed faster contractions for key indicators including new orders, new exports, factory output, employment, and supplier deliveries, SIPMM said. The Singapore PMI report comes after advance GDP growth estimates show that the economy may have shrunk 2.2 percent year on year in the first three months … [Read more...] about Singapore’s manufacturing falls to lowest level since 2009
The decision also requires decreases in fuel prices based on the world ones, study on the possibility to reduce and defer payment for electricity and water supply bills for individual and businesses, study on the adjustment of insurance-related provisions for labourers who are laid off due to the pandemic, and the postponement of social insurance payment for affected businesses. … [Read more...] about Latest Coronavirus News
A study by the London-based Centre for Mathematical Modelling of Infectious Diseases released last week estimates that as few as 2% of Indonesia's coronavirus infections have been reported. That would bring the true number to more than 89,000 but a serious lack of testing, as with many other nations, means we will never be sure. … [Read more...] about Coronavirus: Indonesia grapples with fear of a hidden virus surge
David Orange, an English teacher from the US, said some young teachers who lost teaching jobs as schools closed, became waiters on the first days of the Covid-19 outbreak. However, they later lost the jobs when the bars and shops on streets for foreign backpackers and others also closed. … [Read more...] about How are foreign teachers earning their living in the COVID-19 crisis?