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Singapore – SEEK commits to three-year price freeze to appease competition commission

22 August 2014

Australian job board SEEK Ltd (SEK: ASX), which is acquiring the entire online recruitment businesses of Malaysia-based JobStreet Corp Bhd, has given a three-year commitment to the Competition Commission of Singapore (CCS) not to enter into exclusive agreements with customers to preserve...

Australia – Ashley Services Group posts strong IPO debut

22 August 2014

Australian training, recruitment, and labour hire company Ashley Services Group (ASH: ASX) is the latest initial public offering from a family-run business to post a solid debut this year, reports The Age.

The company got off to a strong start with the share price rising by +14.5% on yesterday’s...

UAE – Even hiring expats won’t stem the demand for IT workers

22 August 2014

Even if companies continue to hire expatriate workers, the transient work environment in the UAE will continue to make recruitment a challenge, with the rising need for IT professionals coupled with a short supply in local talent impeding organisations’ migration efforts towards emerging technologies,...

Malaysia – JobStreet reports Q2 growth and sale of job board business

21 August 2014

Malaysian job board JobStreet Corporation Bhd. (JOBST: KLS) yesterday reported revenue for the second quarter ending 30 June 2014 of MYR 51.3 million (USD 16.2 million), an increase of +10.3% from MYR 46.5 million (USD 14.7 million) a year ago.

The company achieved a pretax profit of MYR 28.7 million...

Australia – Financial services and ICT boost M&T Resources’ full year results

21 August 2014

Australian recruitment firm M&T Resources reported revenue growth of +20.3% to AUD 76.9 million (USD 71.5 million) for the full year ending 30 June 2014, up from AUD 63.9 million (USD 59.4 million) last year.

EBITDA for the year rose to AUD 3.6 million (USD 3.3 million), an increase of +33.3% from AUD...

South Africa – Labour Relations Amendment Act to be implemented in October

21 August 2014

South Africa’s Labour Relations Amendment (LRA) Act could be implemented before the beginning of October, according to acting Deputy Director-General of Labour Market Policy, Thembinkosi Mkalipi, reports legalbrief.co.za.

In a statement welcoming President Jacob Zuma's decision to endorse the Bill,...

India – Ciett calls on India to adopt ILO Convention 181

21 August 2014

In a speech in New Delhi yesterday, Annemarie Muntz, President of the International Confederation of Private Employment Agencies (Ciett) urged Indian lawmakers and stakeholders to further develop the private employment services industry in India.

Ciett is currently working with the Indian Staffing Federation...

Southeast Asia – Asean Economic Community to add jobs but deepen skills shortages

21 August 2014

A plan by Southeast Asian countries to establish a European Union-inspired single market next year could worsen inequality and is likely to benefit men more than women, according to the "Asean Community 2015: Managing Integration for Better Jobs and Shared Prosperity" report launched by ILO...

Australia – Rising costs temper SEEK’s full year profits

20 August 2014

Australian job board SEEK (SEK: ASX) reported revenue of AUD 724.2 million (USD 675.3 million) for the year ending 30 June 2014, an increase of +37.4% compared with AUD 527.1 million (USD 491.5 million) last year.

The company achieved a profit from continuing operations of AUD 198.4 million (USD 185 million),...

China – Zhaopin reports growth and acquisition

20 August 2014

Chinese job board Zhaopin (ZPIN: NYSE) yesterday reported revenue of RMB 283.6 million (USD 46.1 million) for the fourth quarter ending 30 June 2014, an increase of +18.1% compared with RMB 240.2 million (USD 39 million) during the same period last year.

The company achieved gross profit growth of +19.8%,...