The extension by the Hong Kong Mortgage Corporation (HKMC) comes amid rising unemployment and recession due to COVID-19.
At the recently concluded virtual US HR Tech Conference 2020, industry leaders explored the challenges of 2020 and the opportunities to come.
The latest announcement by comes as the ailing airline continues to struggle against the backdrop of the COVID-19 pandemic.
Speaking with HRM Asia, ADP's Peter Hadley explains how organisations should approach people leadership, payroll and technology in order to be successful beyond the pandemic.
The Cambodian government’s projection contradicts that of the IMF’s, which expects the Cambodian economy to contract by 2.8% in 2020.
The latest tranche of payouts in the Jobs Support Scheme is designed primarily to help employers pay the wages of about 1.9 million local employees.
SMEs can receive up to a maximum of RM$5,000 to support their investment in digitisation, as Malaysia looks to speed up digital transformation.
The Ministry of Manpower also reported that 9,000 opportunities were offered in the same period.
New measures announced by the Malaysian government will help preserve more jobs, says the SME Association of Malaysia.
The latest injection of cash aid by the Thai government aims to boost the economy and preserve jobs.
New measures by the Hong Kong government include the raising of loan caps for SMEs, as well as an extended repayment period.
More than A$3 billion has been earmarked to help businesses in the Australian state of Victoria overcome the impact of COVID-19.
The MOM is stepping up their scrutiny and enforcement actions against employers in Singapore who blatantly practise discrimination.
Both workers and businesses will benefit from the stimulus programmes introduced by the Indonesian government.
The three most common cost-cutting measures are adjustments to monthly salary components, no-pay leave and shorter work weeks.
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A new scheme offers cabin crew members the option of early release or retirement as the airline continues to struggle with the COVID-19 pandemic.
The job creation Bill will make it more attractive for foreign companies to create jobs in the country which has seen record unemployment rate.
Virgin Australia will also layoff about a third of its workforce as the carrier aims to rebrand as a “value airline”.
Victoria is the first state in Australia to provide financial support workers who need to be quarantined.
The company will also be offering a COVID-19 special early retirement scheme to all ground staff and pilots.
While hourly wages will offer more flexibility in hiring, there are concerns among employers and activists.
NTUC, together with three unions, has reached an amicable agreement with a SIA Engineering-linked company on the retrenchment.
The company has reportedly laid off 144 workers over three days without providing prior notice or proper reason.
The tech giant's announcement will affect “nearly all” of its 200,000 employees, including contractors and full-time workers.
The work-from-home insurance policy will cover risks ranging from mental health issues to even tripping over toys.
Subsidies will be reduced under the extended program, which is expected to help about 1 million workers and last till 2021.
140,000 employers will be receiving the payout which will add up to a total of S$15 billion disbursed since the first round of support packages.
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