Philippines: Third-quarter GDP shrinks by 11.5%
The Philippine economy shrank for a third consecutive quarter, though at a slower rate compared to second quarter’s plunge of 16.5%.
Number of layoffs by SMEs spikes in South Korea
The percentage of workers “temporarily laid off” by small and medium sized companies rose sharply from 28.0% in August to 50.1% in September.
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.
More workers moonlighting in Japan to ease financial burden
More companies in Japan are giving their blessings or tacit approval for their staff to take on outside jobs in the midst of the gloomy economic landscape.
Singapore: Number of jobs in manufacturing sector doubles from end-August
Singapore’s manufacturing output grew by 24.2% in September compared with the same month last year.
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.
CHRO Indonesia Online looks at what’s ahead in 2021
Over 130 CHROs attended CHRO Indonesia, which examines issues such as how HR tech will impact the workplace in 2021.
Malaysia: Work from home or work from hotel?
Malaysia’s Movement Control Order (MCO or PKP) has given rise to an alternative for the WFH acronym – work from hotel.
Indonesia’s unemployment hits 10-year high, economy enters recession
The pandemic has caused some 2.56 million people to lose their jobs, raising Indonesia’s open unemployment rate to its highest since 2011.
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.
Australian unions want better protection for WFH workers
Unions in Australia unions are evaluating if more protection would be needed so that workers do not face discrimination or loss of pay and benefits.
Vietnam looks to South Korea for HR training support
HCMC Party Chief hopes South Korea will provide support in HR training in IT, AI, healthcare, tourism, urban management, automation and logistics.
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.
Retrenched Malindo Airways staff assured of benefits
The Malaysian government has assured the 2,647 retrenched staff of Malindo Airlines that they will receive due compensation and retraining.
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.
China: Employment rising as service sector recovers at a faster pace
The service sector in China is showing signs of recovery with hiring rising to its highest level in a year.
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.
Thailand: NSF recruits Grab riders and targets more members
Thailand’s NSF, a voluntary pension fund, has signed an MoU with Grab to recruit more members. while planning for their retirement.
India: Diwali bonuses bring cheer for employees
Public and private companies in India are giving out bonuses to their employees for the upcoming festival of lights.
Jobs creation tops agenda for New Zealand government
More support will be provided to SMEs in the country to cover operational costs and increase hiring.
Hong Kong: Jardine Aviation Services Group announces layoffs
The company that handles ground services for the Hong Kong International Airport will axe 340 staff from next month.
Singapore: Fintech sector to create more jobs
The growth of the financial services sector will generate more positions for digitally-ready PMEs, as Singapore’s digital transformation continues.
Leading an agile workforce for an adaptable organisation
At CHRO Series Indonesia, ADP and Microsoft will address key workforce issues as organsiations look to navigate successfully beyond the pandemic.
Hong Kong extends fixed-rate mortgage scheme by a year
The extension by the Hong Kong Mortgage Corporation (HKMC) comes amid rising unemployment and recession due to COVID-19.
Indonesia: Central Java to increase minimum wage
Central Java governor Ganjar Pranowo has announced plans to raise the minimum wage for the province for 2021 by 3.71%.
Four pillars to a digital vision
Jason Averbook, who will be a keynote speaker at CHRO Online Series 2020, describes the four pillars that will support a Digital Vision.