Lifting minimum wages has an inequality reducing effect, although there may be adverse company-level impacts in the short-term.
Malaysia has transitioned into an ageing society, where 7% or more of the population are aged 65 and above.
The government has also launched a dedicated campaign to highlight the country’s potential as an ideal business destination in Asia.
The HK$5,000 (US$645) handout will only cover residents such as freelancers, taxi drivers, and the self-employed.
Between April to early November, over 7,000 jobseekers have been placed into jobs, traineeships and attachments in the ICT sector.
The domestic campaign was set up to help boost local businesses, providing local travellers with subsidies of up to 50% on entertainment-related deals.
University grads working in big firms take home an average of US$29,744 annually.
Sales exports totalled US$16.4 billion in the month, registering a 6% year-on-year rise, as South Korea continues to be a leader in the ICT sector.
Official figures released showed jobs rising by 178,800 for the month, an improvement from September’s numbers.
As more staff look for work online, companies are also starting to hire more freelancers to cut costs, in response to the pandemic.
An industry-led coalition will explore advancing diagnoses for disease preparedness, containment and control.
This marks an improvement from June’s high number of 31,000, which has fallen as the economic impact of COVID-19 has waned.
Jobs support and creation will be a priority until unemployment falls below 6%.
Reskilling and retraining workers will be key as the workforce continues to be reshaped in the face of transformation.
The move by the Japanese government seeks to make the country more attractive for foreigners to work in by taking care of workers’ wellbeing.
The programme, implemented by the Malaysian government, will run from Nov 16 to June 30, and will be applicable for sectors such as construction.
The number of unemployed people reached 1.03 million for the month as the South Korean economy continues to be impacted by the pandemic.
Estimates show that India’s GDP is set to contract by 8.6% over Q3, marking two consecutive quarters of contraction.
The pass, says the Singapore government, will enable Singapore to build a strong tech base in the country, and bring more opportunities to the workforce.
The country’s net exports showed a strong rebound of 21.9% over the quarter.
Last year, online travel contributed about 50% to the country’s gross merchandise value.
This ratio is lower among female, non-regular, and low-income workers.
Actions will be implemented in three overlapping phases over the next two years.
Cash flow disruptions were cited by SMEs as the main challenge.
The tax relief package is expected to benefit over 11 million Australians. as the country attempts to recover from the pandemic.
The new guidelines cut compliance for the IT industry, removing reporting obligations for firms, and easing the way for WFH to take place.
Workers in their 30s have been hit the hardest, with the unemployment rate exceeding 70% for this group.
Malaysian graduates are either unemployed six months after completing their studies, or are taking jobs they are overskilled for.
By 2025, the country also aims to be a high-income nation, as 373 million citizens continue to live below the upper-middle-income poverty line.
The move is a bid to raise employment numbers among foreign graduates in the country.