Hong Kong – Minimum wage set to rise after four-year freeze

Hong Kong’s Chief Executive-in-Council last week adopted the Minimum Wage Commission’s (MWC) recommendation to raise the statutory minimum wage from HKD 37.50 (USD 4.80) per hour to HKD 40.00 (USD 5.12).

According to the South China Morning Post, this means that nearly 90,000 of Hong Kong’s lowest-paid...

Australia – Plutus Payroll trial approaches end in New South Wales court (PerthNow)

The New South Wales Supreme Court in Australia is reportedly summing up one of Australia’s largest ever alleged tax frauds involving payroll provider Plutus Payroll, according to PerthNow. Plutus Payroll had allegedly been funneling wage payments through several sub-contracted ‘second-tier’ companies....

Malaysia – Entry of 500,000 foreign workers will not affect job opportunities for Malaysians, HR Minister says (Malay Mail)

The expected entry of 500,000 foreign workers into Malaysia this year will not affect job opportunities for Malaysians, says Human Resources Minister V. Sivakumar. According to The Malay Mail, Sivakumar said the workers would be brought in from 15 source countries in Asia to be placed in sectors of no...

India – Infosys revenue rises 13.7% in Q3

India-based IT services giant Infosys Ltd. (NYSE: NFY) yesterday reported revenue rose 13.7% on a constant currency basis in its fiscal third quarter ended 31 December 2022.

“Our revenue growth was strong in the quarter, with both digital business and core services growing,” CEO and Managing Director...

Japan – Pasona Group H1 revenue up 0.8%, but HR Solutions reports slight decline and profits take a dive

Japanese staffing firm Pasona Group (2168: JP), reported revenue for the six months ended 30 November 2022 of JPY 183.97 billion (USD 1.43 billion), up 0.8% compared with last year.

The group said demand for BPO services and outsourcing ‘remained strong’ in the company. In addition, the regional development...

Japan – Creek and River revenue up 6.2% as profits show improvement

Japanese staffing firm Creek & River (4763: JP) reported revenue yesterday for the first nine months ended 30 November 2022 of JPY 33.22 billion (USD 258.7 million), an increase of 6.2% compared to the same period last year.

Japan – Hito Communications first quarter revenue rises 1.5% but profits slip

Japanese human resources provider Hito Communications (4433: JP) reported revenue yesterday for the first quarter ending 30 November 2022 of JPY 17.21 billion (USD 146.9 million), an increase of 1.5% compared to the same period last year.

Japan – Media Five H1 revenue up slightly

Media Five (3824: JP), a staffing firm in Japan that provides engineers to the IT industry, reported revenue yesterday for the six months ended 30 November 2022 of JPY 877 million (USD 6.8 million), up 1.2% compared to last year.

The group posted an operating loss and net loss.

Japan – Dip Corp third quarter revenue rises 23.4%

Japanese staffing firm and job board Dip Corp. (2379: JP) reported revenue for the third quarter ended 30 November 2022 of JPY 12.89 billion (USD 98.6 million), up 23.4% over the year.

The group said it adopted new accounting standards on the recording of sales from Q1 2022.

Japan – S-Pool full year revenue increases 7.2%

Japanese staffing firm S-Pool (2471: JP) reported revenue today for the full year ended 30 November 2022 of JPY 26.65 billion (USD 203.8 million), an increase of 7.2% compared with the same period last year.