Southeast Asia Factories Hurt by Virus, Vaccination Problems
August 04, 2021
A nurse administers a Pfizer COVID-19 vaccine to a farmer outside his home in rural Sabab Bernam, central Selangor state, Malaysia, Tuesday, July 13, 2021. (AP Photo/Vincent Thian)
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New research shows that factory activity across Southeast Asia fell sharply in July because of increasing cases of the coronavirus’s Delta
variant.
The results were based on a series of business
surveys completed this week. The economic difficulties were also linked to slow progress in coronavirus vaccinations in many Southeast Asian nations.
Factory infections pose a threat to Thai exports
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published : 4 Aug 2021 at 04:00
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Thai exports could fall by as much as 300 billion baht between August and December if the number of industrial factories hit by Covid-19 doubles, according to a key shipping body.
Chaichan Chareonsuk, chairman of the Thai National Shippers Council (TNSC), said exporters are concerned about their prospects after Covid-19 infections have spread to at least 1,500 factories. We re afraid if infections spread to 3,000 factories, especially to the labour-intensive sectors of food, auto parts, electronic parts and textile sectors, Thai exports may drop by about 200-300 billion baht during the remaining months this year, he said.
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.
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.