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.
Majority of Cathay Pacific pilots, cabin crew accept pay cuts
The Hong Kong carrier announced it will be changing the contracts of its pilots and cabin crew as part of its restructuring exercise.
Hong Kong saw lowest average salary increment in 10 years
Despite the lowest increment in a decade, Hong Hong employees can look forward to a slight pay rise next year.
Cathay Pacific announces 5,900 job cuts
The Hong Kong carrier is also planning to make changes to the contracts of its pilots and cabin crew as part of its restructuring.
SMEs in Hong Kong to receive financial support
New measures by the Hong Kong government include the raising of loan caps for SMEs, as well as an extended repayment period.
Hong Kong’s recovery halted as unemployment rate remains high
Hong Kong continues to grapple with the impact of the COVID-19 pandemic, with its recovery threatened by a third wave of infection.
Hong Kong sees slight dip in unemployment rate
Hong Kong’s unemployment rate eased slightly, likely helped by the newly launched government wage subsidy.
Effective transformation requires talent, technology and time
Digital transformation needs to be a carefully thought-out process with an organisation’s people at the core, says Workday.
Asia-Pacific businesses kickstart COVID-19 recovery
10 million small businesses across Asia-Pacific will participate in Visa’s global programme designed to meet demand for cashless payments.
Nearly half of Hong Kong employees actively looking for new job
The latest survey also shows that more than eight in 10 Hong Kong employees are concerned about job security this year.
HK’s largest employee benefits platform to launch on May 1
The one-stop solutions platform will help HR employers better engage their employees with flexible compensation, lifestyle perks, and rewards.
Hong Kong unemployment rate hits new 9-year high
Year-on-year declines in total employment and the labour force widened further to 3.6% and 2.2% respectively, both the largest on record.
ADP iHCM2 expands APAC presence with Hong Kong launch
The Human Capital Management (HCM) cloud system will expand its presence in Asia Pacific which includes China, Singapore and Philippines.
COVID-19 puts 25 million jobs at risk
International Labour Organisation paints bleak picture of major labour market and economic crisis emerging from COVID-19.
SIA makes 96% capacity cuts as COVID-19 disrupts global travel
Singapore’s flag carrier will ground 138 SIA and SilkAir aircraft, out of a total fleet of 147, as border controls continue to be tightened around the world.
Cost of living continues to soar in Asia
The Economist Intelligence Unit has identified Singapore, Hong Kong and Osaka as the most expensive cities in the world to live in.
Unemployment rate hits 9-year high in Hong Kong
Increasing for the fifth straight month, Hong Kong’s unemployment rate hits 3.7% in February, the highest since January 2011.
6 Asian firms named in World’s Most Ethical Companies list
The companies are recognised for their business integrity and corporate citizenship after being named in the 2020 World’s Most Ethical Companies list.
Recruitment on hold for financial industry in Asia
With the economy coming to a stand-still, financial institutions in Hong Kong and Singapore are putting their recruitment plans on hold.
Employers in Asia expecting modest salary increase
Amidst the economic slowdown and uncertainties, employers in Asia are planning modest salary increases for their employees.
Sa Sa slashes jobs and salaries in Hong Kong
Plunging sales amidst the coronavirus outbreak have forced cosmetics retailer Sasa to axe jobs and cut up to 40% of its salaries in Hong Kong.
Four in 10 Hong Kong hotel employees could lose jobs
As if things weren’t bad enough for the hotel industry in Hong Kong, the Wuhan virus outbreak may prove to be its final nail in the coffin.
Cathay Pacific employees asked to take 3 weeks unpaid leave
The Hong Kong carrier has asked its 27,000 employees to take three weeks of unpaid leave as demand has been hit by the Wuhan virus outbreak.
Asia has highest level of Employee Engagement
Asia has the highest level of employee engagement globally as three of its countries took up top three spots in the Employee Engagement Score.
HK urges workers to work from home amidst Wuhan Virus
In a bid to stop a further outbreak of the Wuhan virus, the Hong Kong government has asked employers to allow their staff to work from home.
IT and telecoms will bounce back quickly in Hong Kong
Hiring in the troubled city will be subdued but some sectors will recover faster than others. Find out which ones they are.
2019 Review: A year of ups and downs
Let’s take a look back on some of the biggest news in the region that have made 2019 one of the most defining years in the employment world.
Two Cents: How can Hong Kong repair itself?
Anti-government protests in Hong Kong dominated the news headlines this year and may have long-term repercussions for companies based there.
Japan dominates most expensive cities for expats
Japan has been ranked one of the most expensive countries for expats after four of its cities took up top spots in the latest global charts.
Hong Kong Airlines delays paying some staff
The city’s third-biggest carrier is delaying salary payments as protests have “severely affected” its finances.