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March 12th Qingqiao Morning Post | Indonesian factory launches wave of layoffs
Release time:2025-03-12 Source: Qingqiao Number of views:

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Rise must come from below, be cautious from the beginning to the end
Today in history:201 years ago today, German physicist Gustav Robert Kirchhoff was born. He proposed two circuit laws for the relationship between current, voltage, and resistance in a stable circuit network, namely the famous Kirchhoff current law and Kirchhoff voltage law, which solved the problem of circuit design in electrical appliances.
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politics
01South Korean court announces cancellation of detention of Yoon Seok yeol

According to Yonhap News Agency, on March 7th, the Seoul Central District Court announced the cancellation of the detention decision of President Yoon Suk yeol, who was dismissed by the National Assembly, citing procedural flaws. It is reported that South Korean President Yoon Seok yeol has been detained and charged by prosecutors on suspicion of internal strife. His legal team applied to the court on February 4th to lift the detention and was reviewed by the court on February 20th. The lawyer argues that the detention order issued by the court is valid until January 25th, and the prosecution only submitted the lawsuit on January 26th, which has exceeded the deadline. In addition, the Criminal Investigation Agency for Senior Public Officials in South Korea has no authority to investigate the crime of civil unrest, but it collects relevant evidence and applies for an arrest warrant. The procedure has flaws, so the detention should be revoked.


In response, the Constitutional Court of South Korea pointed out that Yoon Seok yeol's detention status is not directly related to the impeachment trial, and its ruling will be independently reviewed based on the Constitution and relevant laws. In addition, the evidence adopted by the Constitutional Court conforms to legal procedures and is not affected by the detention dispute.

02Myanmar plans to hold national elections in December or January next year

On March 8th, according to Myanmar's official media, the New Light of Myanmar, the top leader of the military government, Min Aung Hlaing, announced that the authorities plan to hold national elections in December this year or January next year. This will be the first election held in Myanmar since the military coup in 2021.


It is reported that the Myanmar militaryIn 2021, a coup was launched to overthrow the democratically elected government led by Shuzhi Weng. Subsequently, the military government fought against local armed organizations of ethnic minorities and the pro democracy People's Defense Army, plunging the country into long-term turmoil. Although the military has promised to return power to the people, it has repeatedly announced the extension of the national state of emergency and postponed the holding of elections. It is widely believed that Myanmar is currently facing difficulties in holding free and fair elections.


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military affairs

01EU agrees to increase defense spending

According to comprehensive news from Brussels, the leaders of the 27 EU countries recently approved a plan to "rearm Europe" at an EU summit, agreeing to the European Commission's goal of spending a total of 800 billion euros on defense to support Ukraine's defense against Russian invasion.


Except for Hungary, the restIn a joint statement after the meeting, 26 EU leaders emphasized that Ukraine must be in the strongest position to ensure a just and lasting peace, and once again called for strong and reliable security guarantees to prevent future Russian aggression.


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economy

01Indonesian factories are experiencing a wave of layoffs

According to Agence France Presse, Indonesian textile giant Sri Rejeki Isman has recently ceased operations and laid off over 10000 employees. According to Indonesian media statistics, before Sritex, companies such as Yamaha, KFC, false eyelash manufacturer Danbi, and electronics manufacturer Sanken had laid off 400 to 2000 employees in their factories and stores in Indonesia over the past six months. The President of the Indonesian Federation of Trade Unions, Ristadi, stated that in the past two years, about 60 companies have carried out large-scale layoffs, mostly from the textile industry.


Analysis has pointed out that the closure and layoffs of factories in Indonesia are caused by multiple reasons, including weak demand in the export market, inadequate factory management, and businesses' failure to prepare early for technological development trends. If the government does not intervene, the current layoffs will trigger a snowball effect, affecting other industries. Experts also suggest that the authorities can stimulate the economy by injecting capital and reducing corporate debt.

02Phibalawan Province prohibits the issuance of new mining permits for the next 50 years

Manila News: Recently, the government of Palawan Province in the Philippines unanimously voted to stop issuing new mining permits for the next 50 years and to suspend updating or expanding existing mining permits for the next 25 years. The government of Palawan Province stated that the existing mines can continue to operate, but cannot increase production or expand, and the central government of Manila cannot overturn the decisions of local governments.


It is reported that Palawan Province in the Philippines has abundant mineral resources, and as Manila seeks to expand its market share in nickel and other mineral products, Palawan Province has become a target for developing the mining industry. Currently, there are11 mining sites are currently in operation, and dozens of mining permit applications are awaiting approval. Local people and environmental organizations claim that mining activities have led to deforestation, triggered floods, and destroyed original residential areas. The local church led a petition calling for the implementation of a mining ban, which attracted 100000 signatures within two months.


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secure

01Explosion terrorist attack in southern Thailand, resulting in five deaths

Bangkok Post News,On March 8th,An explosion and shooting terrorist attack occurred in Sungai Gol Town, Taogong Prefecture, ThailandA vehicle carrying armed militants dressed in black Islamic clothing is parked outside the office in the Sungai Gol area. After the attacker got out of the car, he opened fire on the volunteer police on duty and detonated a bomb hidden in a car and a motorcycle in the district office compound. causeFive people died and more than ten were injured.


According to statistics,selfSince the outbreak of anti-government conflict in Tabai District, Taogong Prefecture, southern Thailand in 2004, which escalated into turmoil, it has lasted for more than 20 yearsTynanstopoccur9948 violent incidents involving 19968 people and nearly 6000 deaths.


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culture
01Malacca welcomes eagle season

According to the Sing Tao Daily, the annual eagle season has recently arrived in Tanjung Duan, Malacca, Malaysia, with about 8000 eagles passing through. Many nature enthusiasts have also gathered to observe and photograph the "heroic posture" of eagles soaring in the sky.


The Chairman of the Malaysian Nature Society stated that eagles generallyFrom October to November, eagles migrate south from Siberia to avoid the cold. In early March, they return north to Siberia and other places, stopping in places such as Tanjung Pelepas and Indonesia. Therefore, March is the day for eagle migration and the best time for bird watching. The Malaysian Nature Society holds bird watching activities in Tanjung Tan every year in early March.







Financial Newsletter
Caixin News Agency reported that recently, the main contract for rapeseed meal hit the daily limit up, with a 6.01% increase, at 2611 yuan/ton; The main contract for vegetable oil hit the daily limit up, with a 6% increase, at 9286 yuan/ton.


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