Vietnam tackles pension problem for employees owed social insurance
Vietnam Social Insurance has submitted proposals to address the rising number of cases of social insurance contributions not being paid by businesses. By the end of 2022, debts from bankrupt or dissolved enterprises reached USD 171 million , impacting nearly 213,000 employees and their households. In response, Vietnam Social Insurance has proposed two methods for […]
Singapore raises medical insurance claim limit for migrant workers
Singapore’s Ministry of Manpower (MOM) announced that the annual claim limit for minimum medical insurance provided to migrant workers will be increased starting in July. Employers of Work Permit holders must currently provide medical insurance with an annual claim limit of $15,000. This will rise to $60,000 for policies starting on or after July 1, […]
Malaysia extends paid maternity leave to 98 days
Malaysia has recently increased compulsory paid maternity leave from 60 to 98 days, aiming to draw women back into the workforce. The amended Employment Act 2022, which took effect in January, was celebrated by labour and women’s rights groups, but raised concerns among some employers about the potential for increased operating costs. The Malaysian Employers […]
Vietnam to increase health insurance contributions from July
Vietnam’s base salaries and minimum wages will rise by 20% from VND 1.5 million (USD 65) per month to 1.8 million (USD 77) per month, starting July 1. Though much of that rise will be taken up by increased health insurance contributions. The increase was finally approved in November 2022, having been originally planned for […]
Singapore’s public transport workforce to grow 4% by 2025
The Land Transport Authority anticipates a 4% increase in Singapore’s public transport workforce by 2025, up from the current 22,000 workers. This growth projection comes from plans under the sector’s dedicated Industry Transformation Map. LTA will create 800 new jobs for rail expansion projects, including the Jurong Region Line and Cross Island Line development. Since […]
Senate bill proposes long-term employment generation masterplan in the Philippines
A long-term masterplan for employment generation and recovery is currently up for deliberations in the Philippines Senate. Majority Leader Joel Villanueva, the principal author of the Trabaho Para sa Bayan Act, says the bill aims to promote job-led economic growth, enhance industry collaboration, and provide services for worker development and business incentives. The masterplan will […]
Thailand introduces new law to support work-from-home culture and employee rights
Thailand has amended its labor law to protect digital nomads and support work-from-home culture. ]The new version of Thailand’s Labor Protection Act, taking effect later this month, allows employees to ignore communication from employers beyond work hours without repercussions. Both employers and employees can also agree on remote work arrangements if feasible, with a written […]
Singapore’s fairness legislation expected to impact: Titanium Law Chambers
Titanium Law Chambers has recently published an article discussing the latest employment updates in Singapore that will impact employers in the coming years. Among the key changes are the new Workplace Fairness Legislation (WFL) and stricter requirements for Employment Pass candidates. In February, the Tripartite Committee on Workplace Fairness has made 20 recommendations for the […]
Malaysia becoming a regional hub for Chinese business
Several leading Chinese companies have chosen Malaysia as their regional hub, Prime Minister Datuk Seri Anwar Ibrahim has revealed. This follows on from a recent diplomatic visit to China, where discussions led to investment commitments of MYR 170 billion (USD 38 billion) and the signing of 19 memorandums of understanding between Chinese and Malaysian companies. […]
Vietnam’s manufacturing workforce hit by mass layoffs
The ongoing global economic downturn has forced numerous Vietnamese firms to downsize their workforces, resulting in mass layoffs. Among the most recent affected companies has been PouYuen Vietnam Company, which has announced plans to terminate 2,300 positions. Similarly, Ampfield Vietnam Company has reduced its workforce from 700 to 100, citing a sharp decline in orders […]
