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%.
CHRO Online Malaysia examines leadership priorities in 2021
Thought leaders like Jason Averbook and Josh Bersin will join speakers from ADP and Microsoft in discussing some of the key challenges facing leaders .
Hong Kong Express pilots get pay cuts, ground staff go on unpaid leave
HK Express has requested all 200 of its pilots to sign new contracts with further cuts in salaries and allowances of up to 40%.
Thailand’s GDP shrank more slowly in Q3
Thailand’s economy contracted by 6.4% in the third quarter, improving from its 12.1% slump in the previous quarter.
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.
India: Govt’s new round of stimulus to boost economy further
The government has announced another Rs1.2 lakh crore (USD$16.1 billion) to stimulate the economy, focusing on job creation and private businesses.
Singapore’s world talent ranking rises one level
Singapore has been ranked ninth in 2020’s list of the most competitive countries for talent globally, by the IMD World Competitiveness Centre.
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.
Two major oil companies announce jobs cut within a week
Chevron could slash 10% of jobs in its Singapore operations – within a week of Shell’s announcement that it will cut 38.5% of its workforce.
Japan rises out of recession, but winter bonus down
While the economy continues to recover, bonuses for public servants is expected to be lowered for the first time in a decade.
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.
Workers in Indonesia sent home without pay amid recession
With Indonesia falling into its first recession in 22 years, an increasing number of workers are being laid off without pay.
Migrant workers can stay longer in Thailand due to COVID-19
Migrant workers from Cambodia, Laos and Myanmar with work permits expiring next year can continue working in Thailand for up to two more years.
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.
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.