In place of higher wages, companies are instead offering one-off bonuses and flexible working arrangements, says the Reserve Bank of Australia.
The debt moratorium has been extended from June 30 to December, and will be applicable to SMEs hit by the economic uncertainty due to the pandemic.
Companies participating in the programme that sees their employees vaccinated need to pay for the additional costs involved.
Bank Negara Malaysia has facilitated around RM12.06 billion (US$2.9 billion) worth of soft loans for SMEs which have been approved by local banks.
Across the country, Japan aims to achieve a national average of ¥1,000 per hour and narrow the pay gap between regions.
Over the period, payroll jobs showed the largest increase in Queensland and the Northern Territory, each rising by 0.6% and 0.5% respectively.
Businesses are advised to stagger the start times of employees and implement flexible working hours, and refrain from cross-deploying workers.
The VND27,600 billion (US$1.2 billion) relief package will support workers and businesses badly hit by the pandemic.
Fathers will be able to take a total of four weeks off within eight weeks of their child’s birth, and can choose to split the period into two breaks.
The subsidy package is set to benefit at least 7.3 million individuals, and will also be allocated to support various sectors.
Most employers are willing to pay to vaccinate their employees to curb the spread of the virus in their companies.
The increase was partly due to a 0.5% drop in the consumer price index, and a y-o-y rebound in part-timers’ compensation.
Those receiving job-seeking benefits totalled 704,000 in May, in line with a downward trend of 759,000 in March, and 739,000 in April.
The government will soon pass a bill that will provide workers with extra days off should a public holiday fall on a weekend.
The programme targets improving the performances of 555,000 MSMEs and is expected to mobilise financing of US$15.5 billion.
Qualified SMEs for the new co-payment scheme include those that could not acquire a soft loan from Thailand’s central bank package.
The Cabinet is revising an economic stimulus bill to provide financial relief to two groups of self-employed people affected by the pandemic.
An app records and encrypts data like work attendances based on facial recognition, and feedback from recruiters.
SMEs adversely hit by the full lockdown can now enroll in the Targeted Repayment Assistance (TRA) programme offered by banks.
Government employees who need to report physically for work will receive a hazard pay of P500 (US$10.4) per day.
The measures include cash handouts to welfare card holders and special groups, co-payments and cash rebates, and will be implemented from July.
KOCH Singapore Packaging Systems has benefited from Prudential’s EB offerings to build a happier and more productive workforce.
While these job losses are linked to the end of its wage subsidy, more people are beginning to find jobs, says the treasury secretary.
The government has been asked to extend the wage subsidy programme throughout all phases of MCO and [Conditional] MCO, or at least till December.
Taiwan’s legislature has passed a financial relief proposal that will see NT$840 billion set aside for direct payments and loans to citizens and businesses.
This will apply to all government employees, which includes civil servants, non-civil service contract staff and post-retirement service contract staff.
RM$2.1 billion (US$0.51 billion) will be distributed to lower-income workers who earn less than RM5,000 (US$1,212) each month.
On Monday, it approved an additional NT$420 billion in stimulus spending to support the economy as business activities are curbed.
A statement has been issued to all factories and enterprises mandating that workers be given a paid day off in order to get vaccinated.
Selected workers and the self-employed in Taiwan can expect to receive subsidies ranging from US$361 to US$1,083.