Covid-19 'new deal' needed for Asean's recovery

Debt amnesties and better social safety nets are required in a region reliant on informal sector workers, but many of them are falling into poverty and taking on heavy debts to survive the economic wipe-out.

Formal sector businesses have benefited from stimulus packages, but casual, contract and informal labourers have often fallen between the cracks. PHOTO: EPA-EFE
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As the roll-out of vaccines signals a light at the end of the pandemic tunnel, a "new deal" for South-east Asia's informal workers which expands safety nets and forgives survival debt is needed to ensure a robust and fair regional economic recovery.

As governments have responded to economic wipe-outs, many formal sector businesses within South-east Asia have benefited from stimulus packages.

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