South Korea launches third round of emergency cash reliefs
The finance ministry plans to hand out 4.1 trillion won (US$3.7 billion) in emergency cash to people affected by the third wave of the coronavirus.
Japan urges businesses to promote teleworking
The government is requesting companies to cut the number of commuting workers by 70% with alternatives like teleworking.
Hong Kong incentivises companies to employ local graduates
Hong Kong’s government is offering companies a grant of HK$10,000 (US$1,290) for each recent college graduate they employ.
New loan guarantees provide Thai SMEs with more financial flexibility
The new loan programmes have a combined loan guarantee of 40 billion baht, and will be rolled out through six financial institutions.
Singapore enterprises received US$13.2 billion worth of loans in 2020
Enterprise Singapore (ESG) aided businesses by loaning S$17.4 billion (US$13.2 billion) last year, as many companies struggled because of the pandemic.
Taiwan sees weekly drop in furloughed workers
The government expects the number to drop further, with the upcoming Lunar New Year boosting domestic demand and businesses.
Funding from FDI to create high-skilled jobs in Malaysia
The government is partnering international venture capital fund managers to create jobs, said Malaysia’s finance minister.
Australian education and employer bodies call on adaptability for the future workplace
Australians need to change what, when and how they learn to prepare for the workplace of the future.
South Korea to increase investment in startups in 2021
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.
Cambodian government disburses US$23 million to unemployed workers
Workers who lost their jobs due to the closure of businesses in garment and textile factories, and the tourism industry will be able to receive support.
Employees in Singapore not getting COVID-19 vaccine not obliged to change duties
Workers who are not vaccinated will not need to have a change of job scope, says health minister.
South Korea reaffirms pledge to create 150,000 new jobs in 2021
The government also plans to support smaller businesses, offer tax incentives to increase hiring, and support sectors that were severely retrenched.
Japan’s economy projected to grow 3.42% by end of next fiscal year
Japan’s economy is expected to start recovering toward the end of 2021 as consumption gathers momentum and vaccinations become widespread.
New Zealand companies repay COVID-19 subsidies exceeding NZ$536 million
Prime Minister Jacinda Ardern spoke out against companies that benefited from the subsidies, yet handed out large bonuses in 2020.
India proposes work-from-home rules for services sector
The Ministry of Labour & Employment has made the proposal to formalise work from home (WFH) regulations for the services sector in the new year.
Malaysia sees more protection for workers’ rights take effect in January
Employers or employees may now be represented by any person of their choice, excluding lawyers, during dispute processes.
Employers in Australia can make COVID-19 vaccination compulsory for staff
Businesses can force their staff to get vaccinated against COVID-19 under workplace laws.
Singapore-New Zealand digital economy partnership takes effect
The pact will allow both countries to conduct businesses with greater efficiency, increased trust, and reduced costs or digital barriers.
South Korea to spend US$5.3 billion on science and ICT research
The Ministry of Science and ICT will invest US$5.3 billion on science and information and communication technology (ICT) research in 2021.
Startups in India today are the MNCs for tomorrow: PM Modi
The prime minister urged the country’s youth to be prepared for the opportunities that lie ahead as startups grow in Tier-II and Tier-III cities.
Cambodia: e-commerce initiative aims to create 10,000 new jobs
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.
Hong Kong’s financial chief expects city to be out of recession by end-2021
He expects Hong Kong to ride on Beijing’s five-year plan to stimulate domestic growth, which aims to achieve independence in science and tech.
IMF projects full recovery for Vietnam, Indonesia and Malaysia in 2021
Out of the six leading economies in Southeast Asia, three countries are expected to expand in 2021, while others will struggle to recover.
Japan looks to implement more flexible paternity leave
The revised law would allow fathers to take a total of four weeks off, and give a shorter notice of their leave to their employers.
Cambodia subsidises garment, textile and tourism sectors
The government will continue to offer subsidies to the garment and textile industry, which accounts for 80% of the country’s exports.
South Korea approves 9.3 trillion won jobs package
Some 5.6 trillion won will be used for cash handouts to small businesses, temporary workers or freelancers, and taxi drivers.
Singapore must manage wage disparity
Trade and industry minister Chan Chun Sing said equipping workers with skills for the future is crucial in managing wage disparity in the country.
96% of foreign investors still keen in investing in Thailand: Survey
Thailand’s Board of Investment also found that 76.67% of firms will maintain the same level of investment, while 19.33% of businesses intend to increase their investment value.
South Korean graduates face a job market with less openings
The employment rate of university graduates of the class of 2019 fell, while the employment gap between men and women widened.
Taiwan raises monthly minimum wage to NT$24,000 effective January
The wage hike is expected to benefit some 1,558,500 workers, which includes 1,097,700 Taiwanese and 460,800 foreigners.