Wage gap between high school and university grads in South Korea smaller in larger firms
University grads working in big firms take home an average of US$29,744 annually.
South Korea’s ICT exports see consecutive growth for 5 months
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.
Australia sees uptick in jobs for October, surpassing forecasts
Official figures released showed jobs rising by 178,800 for the month, an improvement from September’s numbers.
COVID-19 propelling the highly-skilled freelancer economy
As more staff look for work online, companies are also starting to hire more freelancers to cut costs, in response to the pandemic.
Singapore outlines medtech as future sector of growth
An industry-led coalition will explore advancing diagnoses for disease preparedness, containment and control.
Taiwan sees fall in number of furloughed workers
This marks an improvement from June’s high number of 31,000, which has fallen as the economic impact of COVID-19 has waned.
Australia’s central bank to shape monetary policy on labour market changes
Jobs support and creation will be a priority until unemployment falls below 6%.
Maritime sector needs a “more adaptable workforce”: UNCTAD
Reskilling and retraining workers will be key as the workforce continues to be reshaped in the face of transformation.
Japan sets up support body for foreign workers
The move by the Japanese government seeks to make the country more attractive for foreigners to work in by taking care of workers’ wellbeing.
Illegal immigrants in Malaysia can soon work legally in the country
The programme, implemented by the Malaysian government, will run from Nov 16 to June 30, and will be applicable for sectors such as construction.
South Korea suffers sharpest decline in jobs for October in six months
The number of unemployed people reached 1.03 million for the month as the South Korean economy continues to be impacted by the pandemic.
India has entered a technical recession for the first time, says RBI official
Estimates show that India’s GDP is set to contract by 8.6% over Q3, marking two consecutive quarters of contraction.
Singapore to launch dedicated tech pass for foreign talent from Jan 2021
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.
Malaysia’s GDP falls 2.7% in 3Q, marking a softer decline from Q2’s plunge
The country’s net exports showed a strong rebound of 21.9% over the quarter.
Due to travel restrictions, Singapore’s Internet economy falls 24% to US$9 billon in 2020
Last year, online travel contributed about 50% to the country’s gross merchandise value.
45.2% of workers in South Korea can take off days whenever they want: Survey
This ratio is lower among female, non-regular, and low-income workers.
Singapore government sets up taskforce to tackle migrant workers’ mental health care
Actions will be implemented in three overlapping phases over the next two years.
60% of SMEs in Malaysia reported having no sales over initial lockdown period
Cash flow disruptions were cited by SMEs as the main challenge.
Australia’s tax cuts to kick in from Nov 16
The tax relief package is expected to benefit over 11 million Australians. as the country attempts to recover from the pandemic.
Indian government relaxes guidelines to ease into remote working
The new guidelines cut compliance for the IT industry, removing reporting obligations for firms, and easing the way for WFH to take place.
South Korea: Employment in September slides to lowest level in four months
Workers in their 30s have been hit the hardest, with the unemployment rate exceeding 70% for this group.
Job mismatch rate among Malaysian graduates more than doubled
Malaysian graduates are either unemployed six months after completing their studies, or are taking jobs they are overskilled for.
China plans to double its GDP by 2035, economic plan reveals
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.
Tokyo university partners local government to help foreign students find jobs
The move is a bid to raise employment numbers among foreign graduates in the country.
Malaysian government commits to creating 500,000 new jobs
The country’s Budget 2021 will also allocate RM$2 billion (US$582 million) for hiring incentives as Malaysia continues its economic recovery.