Entries by

Malaysia: the Next Competitor for FinTech?

Starting from 2022, Malaysia’s central bank will start issuing licenses for digital banking, hence joining the rankings which include Singapore and Hong Kong. Ever since the pandemic started, there has been an increasing need for the digitalization of all sorts of acts that were previously more popular offline, with going to the bank as being […]

China: Alternate Job Recruitment Sites?

Linkedin just announced that it would be shutting down its operations in China today — or at least, it’s going to come back in the form of Injobs, a vastly reduced form solely for job search and recruitment, lacking the social media aspect such as the posting of articles and sharing of content. However, the […]

Dip in Singapore’s Unemployment Rate

The unemployment rate for Singapore saw a dip from 2.8% to 2.7% in August, despite the flip-flopping COVID-19 measures.   This is a sign that the economy is indeed recovering, albeit gradually.  Even with the uptick of COVID-19 cases, Singaporeans are still keeping their jobs, and these numbers fluctuate mainly due to layoffs of temporary staff […]

Be Smart Like Sam.

You are Sam. You have a successful tech/finance/bioscience/retail company going on, but competition is tight over here. The domestic market is a slice of pie that everyone wants to get, but maybe you had your fill and feel like you can fight for a different slice of pie instead. Your heart is starting to itch for a something […]

Malaysia: A Step Forward?

As of July 2021, the unemployment rate in Malaysia has remained at 4.8%, although there is a slight increase in the rise of unemployed persons. This is despite political havoc and the worsening pandemic situation at one point. Eight states in Malaysia have already moved into phase 2 of the National Recovery Plan (NRP), which […]

Decreased Unemployment in Hong Kong, Lowest Since Pandemic Hit

The unemployment rate has dropped to 4.7%, as measured in the three months period ending in August. This marks the lowest unemployment rate Hong Kong has seen ever since the January-March period in 2020.  The previous rate being 5% spanning May to July indicates that the Hong Kong economy is indeed on the way to […]

Unemployment & Job Vacancies in Singapore Q2

According to a labor report released by the Ministry of Manpower (MOM), the number of retrenchments in Singapore in Q2 has risen as compared to Q1.  Previously in Q1, there were 2270 layoffs. In Q2, there were 2340 layoffs. This is discounting “resignations”. Still, the number of layoffs is still within the range of pre-pandemic levels, as tracked within the quarters […]

Singapore: Alternate Ways to Hire

Sometimes hiring a full-time worker is not what your company needs, sometimes it is not what your company can afford at the moment. Developments in the business world coupled with the pandemic fast-tracking the pace of digitalization, technology has expanded many avenues of employment. Be it the avenues where employers look for candidates, or the avenues in which job seekers […]

Update to Retrenchment Policies in Singapore

The Ministry of Manpower (MoM) Singapore has stated that employers in firms with more than 10 employees are required to notify MoM whenever an employee is retrenched.  This would come into effect November 1 onwards.  The policy in place before only required employers to notify MoM if five or more employees are entrenched within a six-month period […]