The government is partnering international venture capital fund managers to create jobs, said Malaysia’s finance minister.
The Ministry of SMEs and Startups said the budget to support startups has been raised to 1.5 trillion won (US$1.4 billion) this year.
Workers who are not vaccinated will not need to have a change of job scope, says health minister.
Japan’s economy is expected to start recovering toward the end of 2021 as consumption gathers momentum and vaccinations become widespread.
The Ministry of Labour & Employment has made the proposal to formalise work from home (WFH) regulations for the services sector in the new year.
Businesses can force their staff to get vaccinated against COVID-19 under workplace laws.
The Ministry of Science and ICT will invest US$5.3 billion on science and information and communication technology (ICT) research in 2021.
A joint initiative by the Ministry of Commerce (MoC) and UN Development Programme (UNDP) will boost the kingdom’s e-commerce drive and create jobs.
Out of the six leading economies in Southeast Asia, three countries are expected to expand in 2021, while others will struggle to recover.
The government will continue to offer subsidies to the garment and textile industry, which accounts for 80% of the country’s exports.
Trade and industry minister Chan Chun Sing said equipping workers with skills for the future is crucial in managing wage disparity in the country.
The employment rate of university graduates of the class of 2019 fell, while the employment gap between men and women widened.
The Bank of Thailand (BoT) has further relaxed rules on a soft loan programme to help SMEs financially.
Starting from March next year, the government will launch a more comprehensive All India Quarterly Base Establishment Survey (AIQBES).
As the pandemic worsens an already tightening labour market, an increasing number of South Koreans have abandoned the search for jobs.
The government plans to revise various regulations in immigration, foreign business and other areas to attract more foreign direct investment next year.
The number of workers changing jobs has seen a 6.8% drop in the first nine months of this year compared to the same period last year.
The EPFO faces the huge challenge to cover 400 million informal workers.
Jobs and business are expected to adapt as government support taper off going into 2021.
To make ends meet, more jobless middle-aged people have turned entrepreneurial and started their own small businesses.
The Department of Finance (DoF) said maintaining good fundamentals will be key to the recovery from the pandemic.
Labour chief Ng Chee Meng said the job market is expected to show signs for optimism next year, but some sectors would still stay in a slump.
The Legislative Council has approved the latest round of COVID-19 relief subsidies of HK$5.5 billion (US$709 million).
One of the main aims of South Korea’s 2021 economic policy plan is to prop up the sluggish labour market.
Younger jobseekers are finding it harder to find openings with the government’s job creation programme.
Japan International Cooperation Agency (JICA) has set up the Japan Platform for Migrant Workers towards Responsible and Inclusive Society (JP Mirai) to support foreign workers.
The Ministry of Manpower (MOM) said 91,340 job openings are available with most classified as long-term jobs.
The central government has approved more than 5.2 million claims and disbursed Rs133 billion (US$1.8 billion) to formal sector workers.
A new compensation initiative aims to protect gig economy workers injured or killed while working,
Financial pressures are forcing Koreans to take on a second job, but even such plans are being thwarted by the pandemic.