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Quarterly APAC Market Report Q3 2020

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17 October, 2020 Malaysia Schools Reopened Depends on region. Non-essential Shops Open Bars and Restaurants Open International Travel Allowed Prohibited for all foreign nationals from countries with >150K cases. Other countries require specific visa/reason. Special agreement between Malaysia and Singapore. Arrival Free of Quarantine Restrictions for travel between states and additional restrictions for Sabah, Selangor, Kuala Lumpur and Putrajaya. Sources: https://newss.statistics.gov.my/newss-portalx/ https://travel.state.gov/content/travel/en/traveladvisories/COVID-19-Country-Specific-Information.html https://www.garda.com/crisis24/news-alerts/388416/malaysia-authorities-to-introduce-movement- restrictions-in-kuala-lumpur-and-selangor-state-october-14-27-update-32 https://www.theedgemarkets.com/article/govt-introduces-targeted-wage-subsidy-programme-says- pm-muhyiddin https://datastudio.google.com/reporting/abd4128c-7d8d-4411-b49a-ac04ab074e69/page/qk3NB https://www.mercer.com/our-thinking/law-and-policy-group/malaysia-implements-hiring-incentive- program-for-employers.html https://www.freemalaysiatoday.com/category/nation/2020/10/29/nearly-90000-jobs-lost-this-year- says-socso/ Total Workforce (July) 15,819K % Unemployed (July) 4.7% Unemployed Workers 745K Underemployed (Q2) 412K The hiring incentive program has been set up to subsidise the hiring of apprentices and unemployed individuals for a period of 6 months 6.1% of GDP for 2016-18 was from inbound tourism. Significant wage subsidy schemes have been launched with 1.3 million workers expected to benefit from the latest scheme which is due to run for the last 3 months of 2020. The Social Security Organisation has said that almost 90K jobs were lost this year due to Covid- 19. 23% of the jobs were lost in Manufacturing, 15% in Accommodation and food industries while 14% were lost in the retail industry. Almost 40% of the lost jobs were either professionals or managerial positions with a further 19% being technician jobs. Labor Force (in thousands) and Unemployment Rate by Quarter Most Recent Workforce Statistics Employment Situation Youth Employment Situation Total Covid-19 Deaths (22 nd October 2020) https://www.worldometers.info/coronavirus Covid-19 Restrictions – October 2020

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