Asia Pacific – Economic growth expected to contact 2.2%, but growth to pick up in 2021: IMF

Economic activity in the Asia Pacific region is expected to contract by 2.2% in 2020, due to a sharper-than-expected downturn in key emerging markets, according to the Regional Economic Outlook by the International Monetary Fund.

The 2.2% expected contraction in 2020 reflects a sharper contraction, notably...

India – Nearly half of formal sector employees prepared to return to the workplace

Nearly half, 39%, of employees in the Indian formal sector are prepared to resume working from office premises amid its current coronavirus relaxation guidelines (unlock 5.0), a recent TimesJobs survey found.

The survey titled, ‘Back to Work After Covid’, was conducted to understand the preparedness...

Taiwan – Most employers plan to hire new workers in Q4 (Focus Taiwan)

The majority, or 70% of employers in Taiwan intend to recruit new workers in the fourth quarter of the year, as the domestic economy seems to be stabilising amid the country's effective efforts to contain the Covid-19 pandemic, reports Focus Taiwan. Citing data from 1111 job bank, it is suggested that,...

Asia Pacific – Taiwan’s investment in India has created 65,000 jobs, Foreign Minister says (WION News)

In an interview with WION News, Joseph Wu, the Minister of Foreign Affairs talked about the increasing Taiwanese investment in India since 2016. "In 2018, we sealed an agreement with India, a bilateral investment, and that is very important for the bilateral economic relations. And we have seen,...

Taiwan – 104 Corp revenue up slightly in third quarter

Job board 104 Corp (3130: TAI) reported revenue last week of TWD 434 million (USD 15.1 million) for the third quarter ended 30 September 2020, an increase of 2.0% when compared to the previous year.

India – Futuris acquires talent acquisition and HR consulting firm TalentBeacon

Futuris Company, a US-based human capital management company focused on the acquisition and operation of executive search, staffing and consulting companies, announced the closing of its acquisition of TalentBeacon International, an India-based consulting and delivery organisation for global talent acquisition,...

Hong Kong – Seasonally adjusted unemployment rate soars to 6.4% as labour market remains under pressure

Hong Kong’s seasonally adjusted unemployment rate soared to 6.4% in the July - September 2020 period from 2.9% during the same period last year. When compared to the June – August 2020 period, the unemployment rate jumped by 0.3%, according to the latest labour force statistics by the Census...

Australia – Deliveroo taken to court in gig economy unfair dismissal case (Australian Financial Review)

Australia’s Transport Workers Union kicked off its case against the human cloud food courier Deliveroo yesterday with its claim that one of its riders, whose employment was terminated in April during the pandemic, was not an independent contractor but a casual and so had unfair dismissal protection,...

South Korea – Number of temporary employees down 6.2% in September, unemployment rate up slightly

The number of temporary employees in South Korea fell to 4.55 million in September 2020, down 6.2% when compared to the same period last year, according to data published from Statistics Korea.

The 6.2% decrease was a slight improvement over August’s 6.5% annual decline.

When compared to the previous...

Japan – Tsukui Staff upgrades its second-quarter forecast

Tsukui Staff Corporation (7045:TYO), a Japan-based provider of recruitment, temporary employment, education training and other services announced today a revision of its forecast for the second quarter ended 30 September 2020.

Tsukui Staff Corporation launched its IPO and was listed on the Tokyo...