The gig economy refers to the hiring of independent contractors and short-term workers by businesses. Talents that make up the gig economy are usually called freelancers, gig-workers, independent contractors and free agents.In recent years, more professionals are joining the gig economy to look for additional income or a change of pace in work.Technology is enabling gig economy workers to take on extra or freelance work from anywhere in the world.
The coronavirus pandemic has heaped pressure on the troubled World Trade Organization (WTO), a WTO leadership candidate said, warning the crisis could spell the end of rules-based international trade altogether.Liam Fox, Britain's first post-Brexit international trade secretary and one of eight candidates vying to become the WTO's next director-general (DG), voiced concern that countries might turn their backs on its multilateral trading model."The reaction of some countries to
While large traditional retailers announce big lay-offs because of the pandemic, sometimes shedding thousands of staff, coronavirus lockdowns have in contrast given e-commerce a major boost.Recent data shows a shift to shopping online - according to Kantar consulting group, international e-commerce grew 41 percent in only three months compared with 22 percent growth for 2020 as a whole to date, as the pandemic "transformed" retail habits.The trend was brought into sharp relief on 18
A 2019 study on Thai media habits conducted by the National Broadcasting and Telecommunications Commission showed that television (TV) as a medium will still be in widespread use in Thailand for the next decade.
In recent years, Malaysia’s property market has been resistant in terms of price. It was reported that over the last 30 years, house prices declined between 1998 and 1999 due to the impacts of the 1997 Asian financial crisis. Then in 2001, the property market in the country entered into a recovery phase. A few years later the mid-cycle dip took place during 2007 to 2009 because of the subprime mortgage crisis.
Shuttered shops, idle production lines, grounded planes - the coronavirus pandemic has devastated several industries, not least the aviation and automobile sectors, but also retail and energy.Here is a recap of some major casualties, amid layoffs, bankruptcies and rescue plans: Crash LandingAmong the big-hitters in crisis in the air transport sector are two Latin American carriers, including the region's biggest airline LATAM, and Colombia's Avianca, both of which have file
The coronavirus pandemic pushed most of the world's major economies into unprecedented contractions in the second quarter, except for China which escaped a recession.Here are second-quarter changes in gross domestic product (GDP) compared to the previous quarter for the world's top economies.
Indonesia's coronavirus-hit economy contracted in the second quarter for the first time in more than two decades, with warnings that its recovery could be among the weakest in Southeast Asia.Output in the region's biggest economy slumped 5.3 percent on-year in April-June, the statistics agency said Wednesday, as retail sales and manufacturing took a hit.That marked Indonesia's first contraction since the first quarter of 1999 during the Asian financial crisis, putting it on cou
Southeast Asia is one of the most popular tourist destinations in the world filled with historical sites and beautiful beaches across the region. Nevertheless, Southeast Asian cities are also known for their congested roads filled with honking cars and motorcycles. Congested roads have become synonymous with Southeast Asia, and that is not going to change anytime soon.According to media reports, vehicle sales in Southeast Asia is set to outpace all other regions in the world.
Technological advancements and artificial intelligence (AI) are revolutionising manufacturing for industries around the world. The International Federation of Robotics estimates that the global stock of operational industrial robots would have increased to 3,053,000 units by 2020, with the capability to help produce cars, electronics and new machinery. However, the scale and pace of AI in disrupting jobs is a concern and automation may work to widen the existing gaps in work