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We have jobs, give us workers: Locked down FMCG firms send an SOS to C...
New Delhi: Let us hire more, so that we produce more, that’s the message India’s top consumer goods companies like HULNSE, Nestle, PepsiCo, Parle Products, BritanniaNSE, ITCNSE and Mondelez have sent to the government.
2020 May 17
Coronavirus deals US job losses of 20.5 million in April
The US economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.
The Labor Department's closely watched monthly employment report on Friday also showed the unemployment rate surging to 14.7 per cent last month, shattering the post...
2020 May 09
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India looks to lure more than 1,000 US companies out of China
India is seeking to lure US businesses, including medical devices giant Abbott Laboratories, to relocate from China as President Donald Trump's administration steps up efforts to blame Beijing for its role in the coronavirus pandemic.
The government in April reached out to more than 1,000 companies in the US and through overseas missions to offer incentives for ...
2020 May 08
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No hiring freeze: Companies hunting top talent despite salary, job cut...
New
Delhi: Despite job losses and salary cuts caused by the lockdown to curb the
spread of the Covid-19 pandemic, companies including Goldman Sachs and
Capgemini are looking for top talent in India, especially tech, digital and
core domain specialists.
More than 200 director-level and above posts
were available over the past week, accor...
2020 May 08
Amid vast unemployment, India's biggest job creator short of labour
India’s construction sector, the country’s biggest job
creator, is facing a shortage of workers amid a record increase in national
unemployment.
2020 May 08
Don’t 'drop workers': Companies and workers should take the long vie...
SINGAPORE: Employers should make every effort to keep their workers and help them through the difficult COVID-19 outbreak period, said Prime Minister Lee Hsien Loong on Thursday (Apr 30) in his May Day message.
“They should not drop workers at the first sign of trouble,” said Mr Lee in the speech delivered ahead of Labour Day on May 1.
“This way, workers...
2020 Apr 30
More companies announce wage cuts, no-pay leave amid COVID-19 economic...
SINGAPORE: More businesses are announcing wage cuts or nudging employees to go on no-pay leave amid the ongoing COVID-19 pandemic, which has cast a dark cloud over many industries and the economy.
Q1 labour market figures better than expected, but real storm is still...
SINGAPORE: Amid the grim economic forecast, Singapore's first quarter employment figures were better than expected, said analysts, although they cautioned that the labour market will continue to weaken due to the COVID-19 pandemic.
In its latest labour market...
2020 Apr 29
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Singapore will enter a recession this year, ‘significant uncertainty...
SINGAPORE: Singapore will enter into a recession this year because of the blow from the COVID-19 pandemic, resulting in job losses and lower wages, with “significant uncertainty” over how long and intense the downturn will be, the central bank warned on Tuesday (Apr 28).
Depending on how the pandemic evolves and the efficacy of policy responses around the world, Singapore’s e...
2020 Apr 27
MAS expects more job losses, wage cuts as economy deals with ‘large,...
SINGAPORE: The Monetary Authority of Singapore (MAS) is expecting a rise in job losses as the local economy grapples with the fallout from the ongoing COVID-19 crisis.
Even with the slew of measures aimed at saving jobs, the “abrupt pullback” in economic activity will weigh heavily on labour demand across broad swathes of the Singapore economy this year, it warned in its latest h...
2020 Apr 27
Coronavirus: Dip in local cases a good sign but too early to say Singa...
2020 Apr 26
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Construction projects could be delayed months, as contractors fear man...
SINGAPORE: The COVID-19 “circuit breaker” measures could delay construction projects by months, contractors said, predicting a manpower crunch when they eventually try to clear the backlog.
Contractors said they will speed up work after the circuit breaker is lifted by deploying more workers to job sites. But they said this will prove difficult, with limited manpower and little chance...
2020 Apr 25
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COVID-19 infections in Singapore top 11,000, with 1,037 new cases
Singapore confirmed 1,037 new cases of COVID-19 as of noon on Thursday (Apr 23), taking the national total to 11,178. This is the fourth day in a row that Singapore has reported a daily increase of more than 1,000 cases. The vast majority of the new cases are work permit holders residing in foreign worker dormitories, the Ministry of Health (MOH) said in its preliminary release of fi...
2020 Apr 23
Singapore Exchange Q3 profit hits 13-year high as trading volume surge...
Singapore Exchange reported a 38 per cent jump in quarterly net profit to a 13-year high, as equities and derivatives trading volume surged on extreme market volatility.
"With uncertainty around the eventual economic and financial impact of COVID-19 and path to recovery, these elevated levels of volatility are likely to be prolonged," CEO Loh Boon Chye said in a statement on Friday (Apr 2...
2020 Apr 23
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Facebook buys 9.99% stake in Reliance Jio for Rs 43,574 crore
Facebook will invest Rs 43,574 crore in Jio Platforms, a unit of Reliance Industries Ltd (RIL), for a 9.99% stake, an all cash deal that will help the oil-toretail conglomerate reduce debt and strengthen the social media company’s presence in its largest market, especially for its WhatsApp unit.
RIL’s shares closed 10.3% higher at Rs 1,363.35 on the BSE Wednesday, hav...
2020 Apr 22
Retrenchments and withdrawn job offers: Singapore's labour market show...
Facebook will invest Rs 43,574 crore in Jio Platforms, a unit of Reliance Industries Ltd (RIL), for a 9.99% stake, an all cash deal that will help the oil-toretail conglomerate reduce debt and strengthen the social media company’s presence in its largest market, especially for its WhatsApp unit.
RIL’s shares closed 10.3% higher at Rs 1,363.35 on the BSE Wednesday, having surged more tha...
2020 Apr 22
What is a negative crude future and does it mean anything for consumer...
The price of a barrel of benchmark US oil plunged below US$0 a barrel on Monday for the first time in history, a troubling sign of an unprecedented global energy glut as the coronavirus pandemic halts travel and curbs economic activity.
The...
2020 Apr 21
Google's fast-growing Meet video tool getting Zoom-like layout, Gmail ...
Google will allow business and education users on Gmail.com to directly take calls on its video conferencing tool Meet starting Thursday, a new feature being offered as the Alphabet Inc unit seeks to capitalize on security and other concerns with rival services.
OAKLAND, California: Google will allow business and education users on Gmail.com to directly take calls on its video conferencin...
2020 Apr 15
Coronavirus | COVID-19 is 10 times more deadly than swine flu, says WH...
It said that a safe and effective vaccine would be needed to fully halt the spread of COVID-19, which has killed more than 114,000 people worldwide
The novel coronavirus is 10 times more deadly than swine flu, also called H1N1, which caused a global pandemic in 2009, the World Health Organization (WHO) said on Monday, calling for control measures to be lifted “slowly”.
“We know that ...
2020 Apr 13
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Extensive hiring freeze, delayed on boarding imminent: Survey
The survey had responses from 195 cos spanning a number of sectors like IT, manufacturing & banking.
NEW DELHI: Three out of five companies looked at both hiring freeze and postponed candidate onboarding as a likelihood while 15% of companies considered potential layoffs in a survey on the impact of Covid-19 and the resultant lockdown, on corporate India hiring. Profess...
2020 Apr 13