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30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )

Retail Asia15/03/2024

The median income difference between women and men working in Singapore was 14.3% last year, down from 16.3% in 2018, according to the Ministry of Manpower’s study. Differences in occupation between men and women remained the key factor influencing the gender pay gap. Men are overrepresented in higher-paying occupations, according to a study examining the […]

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Retail Asia05/03/2024

Singapore will raise the salary criteria for foreign executives and professionals that companies can hire starting next year, the government announced on Monday. From January next year, foreigners must earn S$5,600 ($4,170) or more a month – up from the current S$5,000 – to qualify for the so-called employment passes typically granted to high-paid professionals. […]

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Retail Asia29/11/2021

Almost half of the fresh university graduates expect a monthly salary of VND10-15 million ($435-650), but most employers are only willing to pay VND6-10 million, a survey has found. The survey by headhunting agency Adecco Vietnam said over 43 percent want a salary of more than VND10 million, and 31 percent want VND6-10 million, but […]

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Retail Asia26/08/2021

Expat packages have taken a hit as a result of lower cost of benefits and a dip in salaries. The average pay package for a mid-level expatriate in Singapore fell by $7,284 a year, and now stands at $225,171 annually – the 17th highest in the world, ECA International said. However, cash salaries in the republic stand […]

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Retail Asia08/01/2021

Honda Motorcycle and Scooter India has initiated a voluntary retirement scheme (VRS) for the company’s permanent employees. The decision comes in the middle of challenging market conditions and a downturn in the Indian economy, although the automotive industry has seen somewhat of a bounceback after the challenges from the COVID-19 pandemic. The VRS will run from […]

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Retail Asia26/10/2020

A recent survey by French market research firm Ipsos has found 61 percent of respondents expecting their earnings to improve in the next six months. However, the survey also found 15 percent fearing a further decline in their incomes during the same period. The impact of the second Covid-19 outbreak that started July 25 has […]

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Retail Asia30/04/2019

Beaurepaires Australia revealed this week that around 3700 current and former employees were underpaid or overpaid due to a payroll error stretching back to 2010. Back payments to the affected staff are expected to cost the business approximately $1.8 million. Beaurepaires identified the payroll error during a review of its system conducted with the assistance […]

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Retail Asia12/04/2019

The minimum wage increase announced by the government last December is set to kick in on April 1. Starting Monday, the adult minimum wage will rise from the current rate of $16.50 per hour to $17.70 per hour. This means that businesses that have adult employees earning less than $17.70 an hour are legally required […]

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Retail Asia30/01/2019

GM Korea’s union is planning to request further government support for employees who took unpaid leave after the shutdown of the Gunsan manufacturing plant last year. The decision, outlined in a follow-up document detailing a GM Korea union meeting held on Jan. 22, could go back on the original arrangement with the company to share […]

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Retail Asia09/01/2019

With Vietnamese banks reporting substantial profits last year many of their employees are expecting higher Lunar New Year bonuses. The banking sector’s overall profit before tax increased by 40 percent year-on-year, according to the National Financial Supervisory Commission. Vietcombank, the largest bank by market capitalization, said in a recent report that its consolidated pre-tax profit […]

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Retail Asia31/12/2018

Average New Year bonus given by HCMC firms to an employee is VND3.4 million ($146), 30 percent higher than in 2018. For the 2019 Roman Calendar New Year, bonuses have been significantly higher than in 2018, Le Minh Tan, director of the HCMC Department of Labor, Invalids and Social Affairs said, citing a survey. The […]

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Retail Asia24/08/2018

The income gap in Korea widened again in the second quarter, a serious blow to the so-called income-led growth policy of the Moon Jae-in government, which vowed to narrow the inequality in earnings between the rich and poor. According to data released by Statistics Korea on Thursday, earnings for households in the first quintile of […]

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Retail Asia16/08/2018

Vietnam’s National Wage Council has proposed a minimum wage increase of nearly $7-9 per month across all four levels in 2019. Overall, the average increase across the four levels will be 5.3 percent. All members of the National Wage Council (NWC) on Monday voted on the proposal to be submitted to the government. Under the proposal, […]

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Retail Asia24/07/2018

After an internal review of the company’s pay structure, Nike has decided to increase the salaries of about 7,400 employees globally. Ten per cent of the company’s workforce, across all job levels, will have their pay adjusted starting next month said Nike spokeswoman Illana Finlay in a statement on Monday. These changes are aimed to […]

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Retail Asia19/12/2017

A Japanese company will start paying part of its employees’ salaries in Bitcoin, as it aims to get better understanding of the virtual currency, a spokeswoman said on Friday. GMO Internet, which operates a range of web-related businesses including finance, online advertising and internet infrastructure, will start paying up to 100,000 yen ($890) monthly by […]

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Retail Asia15/12/2017

Salaries in Vietnam are rising faster than in any other Southeast Asian country, according to a recent survey released by employment website Jobstreet.com. The average annual growth rate of Vietnam’s payroll stands at 20-24 percent, compared to 14-20 percent in Thailand, the Philippines, Indonesia, Myanmar and Singapore. In Vietnam, management and executive salaries grew fastest, at […]

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Retail Asia13/03/2017

Fresh graduates overestimate their chances of getting well-paying jobs in Vietnam, and they’re not alone. A survey conducted by employment site Jobstreet has found that Vietnamese university graduates have salary expectations that are out of sync with the local job market. About 35 percent of the 1,600 new graduates surveyed expected a monthly salary of VND4 […]

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Retail Asia08/03/2017

The country could become one of the next outsourcing hubs for software development, industry players said. Vietnam’s growing information technology (IT) is seen driving recruitment demand and boost salaries for tech jobs, a recent survey found. As many as 81 percent of IT companies said they planned an annual payroll rise of between 6 percent […]

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