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Southeast Asia's factory powerhouses hit by vaccination woes, Delta


Southeast Asia s factory powerhouses hit by vaccination woes, Delta
By Orathai Sriring and Liz Lee
Reuters
BANGKOK/KUALA LUMPUR (Reuters) - Fresh outbreaks of the Delta coronavirus variant in Southeast Asia have crippled its factory sector, disrupting global supplies of goods such as rubber gloves, semiconductors and SUVs and threatening the $3 trillion region s recovery.
A series of factory surveys this week showed business activity across most Southeast Asian economies fell sharply in July, a contrast to more resilient manufacturing economies in Northeast Asia and the West, where business growth has slowed but remained in expansion.
The economic disruptions in Southeast Asia caused by the virus have been made worse by slow progress in vaccinations in the region of 600 million people. Governments have struggled to secure doses and have imposed costly lockdowns that have left many factories without workers. ....

Kuala Lumpur , United States , Republic Of , Krung Thep Mahanakhon , Han I , Jakarta Raya , Raju Gopalakrishnan , Ghanyapad Tantipipatpong , Sam Holmes , Liz Lee , Daniel Bernbeck , Orathai Sriring , Khanh Vu , Infineon Technologies , Moody Investors Service , Toyota Motor Corp , German Chamber , Southeast Asia , Southeast Asian , Northeast Asia , Agro Food Industry , Siam Agro Food , Malaysian German Chamber , Investors Service , Gayatri Suroyo , குவாலா லம்பூர் ,

Covid-19: Malaysia, SE Asian factories hit by vaccination woes, Delta as economic recovery at risk | Money


Wednesday, 04 Aug 2021 12:50 PM MYT
A foreign worker works at a plastic containers factory during an enhanced lockdown, amid the coronavirus disease outbreak, in Klang July 8, 2021. Reuters pic
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TOKYO, Aug 4 Fresh outbreaks of the Delta coronavirus variant in South-east Asia have crippled its factory sector, disrupting global supplies of goods such as rubber gloves, semiconductors and SUVs and threatening the US$3 trillion (RM12.7 trillion) region’s recovery.
A series of factory surveys this week showed business activity across most South-east Asian economies fell sharply in July, a contrast to more resilient manufacturing economies in Northeast Asia and the West, where business growth has slowed but remained in expansion. ....

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Foreign firms remain committed to Malaysia | Daily Express Online - Sabah's Leading News Portal


Published on: Monday, January 25, 2021
By: Bernama
Malaysian-German Chamber of Commerce and Industry chief executive officer Daniel Bernbeck
Kuala Lumpur: Foreign companies that have invested in the country said they remain committed to the country as they value and appreciate the long-term partnership with the Malaysian government and look forward to many more years of success.
On the re-implementation of the Movement Control Order (MCO 2.0) and the emergency proclamation to contain the increasing number of Covid-19 cases, many of the companies said the development had not affected their confidence in investing in the country.
Malaysian-German Chamber of Commerce and Industry chief executive officer Daniel Bernbeck said German investors in Malaysia mostly show a tendency to continue with their pre-existing investment plans as most of these investments are in high technology and have a long planning phase that started two to three years back.  ....

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Foreign companies remain committed, value long-term partnership with Malaysia


KUALA LUMPUR (Jan 24): Foreign companies that have invested in the country said they remain committed to the country, as they value and appreciate the long-term partnership with the Malaysian government and look forward to many more years of success.
On the re-implementation of the Movement Control Order (MCO 2.0) and the emergency proclamation to contain the increasing number of Covid-19 cases, many of the companies said the development had not affected their confidence in investing in the country.
Malaysian-German Chamber of Commerce and Industry chief executive officer Daniel Bernbeck said German investors in Malaysia mostly show a tendency to continue with their pre-existing investment plans, as most of these investments are in high technology and have a long planning phase that started two to three years back.  ....

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