Search Results for: Indonesia

MALAYSIAN Prime Minister Najib Razak used his Labour Day (May 1) speech to send a key message to employers: prioritise locals over foreigners when recruiting. In a country with 200,000 unemployed graduates as of last year, the PM’s call could be justified – although a lot needs to be done in reskilling locals, experts argue.…

INDONESIA is grappling a serious shortage of skills with as much “half of its workforce underqualified for their jobs,” Indonesia-based Asian Development Bank (ADB) economist Emma Allen has told People Management.

Despite improvements to educational achievement in recent years, older workers especially have not completed secondary school, Ms Allen said.…

GLOBAL knitwear outsourcing centre Bangladesh is expected to soon ratify the emerging market D-8 PTA preferential trade agreement, newspaper reports in Dhaka say, indicating the government may have loosened demands over rules of origin. Bangladesh has been pushing for its manufacturers to gain privileged access to D-8 markets (Iran, Indonesia, Malaysia, Pakistan, Nigeria and Turkey, as well as Egypt if it also ultimately ratifies), if 30% of value in a product is created within Bangladesh.…

EUROPEAN Union (EU) cosmetics and soaps companies are awaiting with interest the results of the World Trade Organisation (WTO)’s appellate body’s decision on Indonesia’s claim that the EU’s anti-dumping duties have been unfairly placed on imported fatty alcohols from the south-east Asian economic giant.…

A STAGGERING 62% of Asia-Pacific consumers (including China and India) buy natural and organic cosmetics and another promising 32% are keen to buy them – making the region a hotspot for manufacturers of such lines. But this impressive growth also has made the region a perfect breeding ground for greenwashing, experts warned.…

Vietnam has an amendment to its criminal code under way that would make the crime of illegal dismissal of employees punishable with a jail term of up to one year. That textile executives could be affected by this draconic measure has followed the Vietnam government adopting a policy principle of “piercing the corporate veil” on January 1 this year.…

THE CHIEF executive of a major Pakistan government economic development agency has told wardsauto that Volkswagen has made significant progress in talks to establish new manufacturing production in this key south Asian market’s port city of Karachi. The latest fruit of the business-friendly policies pursued by Prime Minister Nawaz Sharif, “Volkswagen Commercial Vehicles is in final talks with Premier Systems Private Limited – the authorised importer of Audi vehicles in the country – to set up a manufacturing/assembly plant for its Amarok and T6 (transporter range) models and Volkswagen,” Tariq Ejaz Chaudhary, CEO of Pakistan’s Engineering Development Board told wardsauto.…

Companies in Vietnam have been warned they are at risk of seeing their executives going to jail over contested sackings following anticipated new national penal code sanctions.

Law firm Duane Morris Vietnam LLC is warning its corporate clients that the crime of illegal dismissal of employees can now earn their executives up to one year in prison.…

A MALAYSIAN government scheme encouraging foreign investors to buy property in Malaysia may have led to thousands of Bangladeshis breaching their country’s strict capital control restrictions.

A total of 3,493 Bangladeshis has participated in the Malaysia My Second Home (MM2H) long-term residency programme since 2003, according to statistics updated in December (2016) – 10.7% of all investors taking part worldwide.…

Brazilian overseas beef meat sales are set to grow in 2017, according to projections from the Associação Brasileira das Indústrias Exportadoras de Carne (ABIEC). “Our export forecasts for 2017 are USD5.5 to USD6 billion, said Antônio Jorge Camardelli, the ABIEC president.…