Search Results for: Singapore

THE IMPOVERISHED south-east Asian kingdom of Cambodia shares porous borders with the significantly more dynamic economies of Thailand and Vietnam, is notorious for corruption, has a large casino sector and generates significant earnings from illegal exports.

This precarious mixture of factors has since 2012 consecutively earned Cambodia a spot in the Basel Anti-Money Laundering (AML) Index (from the Basel Institute on Governance) top-10 risk jurisdictions for money laundering.…

AN ELDERLY person at home is like a living golden treasure. So runs an oft-quoted Chinese proverb – but Hong Kong is starting to ponder its worth in the wake of a warning that the city faces an “ageing tsunami” along with much of the region where innovative plans are being considered to tackle the looming crisis.…

MOST of East Asia’s dynamic economies have traditionally relied on expats and there are no readily discernible signs that this is decreasing.

In Vietnam, which has been benefitting from production lines migrating from China amid rapidly rising labour and land costs there, increasing the number of expats six-fold since 2004 to almost 100,000 in 2016, the shortage of engineers and managers can be seen throughout most sectors.…

THE EAST and south-east Asia HR sector is feeling the heat more than ever to plug the region’s gaping gender pay gap in the wake of a new initiative – launched on the fringes of the UN general assembly in New York last week (September 18).…

IMPROVING productivity and upskilling Malaysia’s public servants are key targets ahead of the country’s journey to a high-income nation by 2020, according to the government.  However, an HR expert urged the government to overhaul the national curriculum with public service improvements in mind for any meaningful skills improvements to take place.  …

AS Singapore’s talent shortages begin to impact on business prospects, new opportunities are emerging for HR to play a lead role in aligning workforce planning with business strategy.

A recent report (released August 17) by the talent outsourcing firm KellyOCG, conducted across Singapore, India, Australia and Malaysia, found the majority of senior ‘C-suite’ level executives (61%) expected talent shortages to have a negative impact on their business going forward.…

SINGAPORE has moved to rejuvenate its appeal to entrepreneurs by making key changes to its work visa system in a move described as “a smart initiative” by a leading human resources and business development expert. The changes were announced in August to the EntrePass work visa programme.…

INDONESIAN textile factories must improve their production of motif designs and colours to satisfy domestic consumers and boost local sales, said textile retailers at south-east Asia’s busiest garment and textile market in Jakarta’s Tanah Abang district. “We expect producers make more unique textile motifs, so customers will have more choices, which they will like,” said Eryanto, a trader who has been working for about 11 years at the Arjuna Bombay textile shop at Tanah Abang Block A market.…

THE EUROPEAN Union (EU)-Vietnam Free Trade Agreement (FTA), on which negotiations concluded December 2, 2015, will open up “huge business opportunities” for Vietnamese garment companies, business experts agreed earlier this month at an event jointly organised by EU business federation BusinessEurope, EuroCham [European Chamber of Commerce] Vietnam and the EU-Vietnam Business Network.…

HONG KONG and Saudi Arabia has struck an agreement on avoiding double taxation so any Saudi Arabian tax paid by Hong Kong companies will be credited against tax payable on the same profits in the special administrative region. The same would apply to Saudi companies paying tax in Hong Kong.…