Asia Pacific – Cave Co dissolves its Vietnamese temporary staffing business

Cave Co, a Japan-based entertainment company, announced that it has dissolved and liquidated its consolidated subsidiary, Vietnam-based Fivestar bank co., ltd., a company that provides temporary staffing.

Fivestar plans, produces, manages, and markets entertainment content, including mobile media and...

Japan – Hito Communications full year revenue slips 23.9%, but profits report growth

Japanese human resources provider Hito Communications (4433: JP) reported revenue for the full year ending 31 August 2022 of JPY 64.13 billion (USD 438.1 million), a decrease of 23.9% compared to the same period last year.

South Korea – Brickmate acquires Freemoa

South Korea-based Brickmate Co., Ltd announced that it has acquired Freemoa, an IT project matching platform also based in South Korea.

Financial details were not disclosed. Brickmate will acquire a 70% majority stake in Freemoa, which provides IT outsourcing. Brickmate management will join the board...

Malaysia – Unemployment rate improves 0.9% in August

Malaysia’s unemployment rate in August 2022 stood at 3.7%, down 0.9% year-on-year, but unchanged over the month, according to research from Statistics Malaysia.

The research also showed that the seasonally adjusted estimates for the unemployment rate remained at 3.6%.

The number of unemployed persons...

Australia – Miners dispute labour hire firm accounts to Senate committee that 'casuals' earn more than direct employees in mining industry (Newcastle Herald)

A committee hearing in Sydney, Australia last week heard from mineworkers, labour hire firms, mining companies, employer groups, unions and academics, reports Newcastle Herald. The senate committee examined "equal work for equal pay" amendments to the Fair Work Act. The Fair Work Amendment...

Japan – Like Co first quarter rises 5.1% but profits slip due to costs

Japanese staffing firm Like Co Ltd (2462: JP) reported revenue for the first quarter ended 31 August 2022 of JPY 14.18 billion (USD 97.3 million), up 5.1% when compared to last year.

Asia Pacific – Persol Asia Pacific to acquire HR tech startup Workmate

Singapore-based Workmate, an on-demand staffing platform, officially announced its acquisition agreement with Persol Asia Pacific.

Persol Asia Pacific is the Strategic Business Unit headquarters for APAC for Persol Holdings, managing its Asia Pacific businesses which includes Programmed, PersolKelly and...

Asia Pacific – Kanzhun files dual primary listing application to Hong Kong Stock Exchange

Kanzhun Limited (Nasdaq: BZ), whose core product is Chinese job board Boss Zhipin, has submitted a dual main listing application to the Hong Kong stock exchange.

Morgan Stanley Asia Limited and Goldman Sachs (Asia) L.L.C. are joint sponsors.

The group said the funds raised are expected to be used to enhance...

India – Staffing firms say 5G push will create 45,000 jobs in next two quarters (The Economic Times)

The roll out of 5G services by Indian telecom service providers is expected to create a demand of up to 45,000 jobs over the next two quarters, The Economic Times report, citing a number of staffing firms. The anticipation of the roll out of 5G has already resulted in nearly 80,000 5G-related hiring...

Japan – Creek & River H1 revenue edges up 6.2% as profits show improvement

Japanese staffing firm Creek & River (4763: JP) reported revenue last Thursday for the first six months ended 31 August 2022 of JPY 22.33 billion (USD 153.5 million), an increase of 6.2% compared to the same period last year.