No deferment, exemption, postponement of 13th month pay, says Philippine DOLE
The Philippine Department of Labor and Employment (DOLE) said all employers must still comply to giving their employees 13th month pay not later than December 24 of this year. The clarification came after the labor secretary received criticism from labor and other groups for saying that the department would review which companies will be given […]
Hyundai starts construction of electric vehicle hub in Singapore
South Korea’s Hyundai Motor Co began construction of its research and development center in Singapore. It will house a facility for small-scale production of electric vehicles. The target production is up to 30,000 electric vehicles (EVs) per year by 2025 and constitutes a $295 million investment. The facility’s schedule of completion is by end of 2022. […]
India sees 24% increase in September hiring activity
Recent report by job portal Naukri showed a 24% increase in India’s hiring activity in September compared to the previous month. The identified industries that have driven the growth include pharmaceutical, fast-moving consumer goods, education, and IT. Business process outsourcing (BPO), IT-enabled Services (ITeS), and banking and financial services are some key industries that continue […]
Apple, Samsung Gets Approval From India For $143 Billion Smartphone Manufacturing Plan
India approved $6.65 billion in government incentives under India’s federal plan to 16 companies including Apple and Samsung to locally produce smartphones and other electronics components worth more than $143 billion over the next five years. According to the Indian Ministry of Electronics and Information Technology (MeitY), New Delhi’s move is aimed at significantly improving India’s manufacturing and exporting capacities and generating more local […]
Nepal India Franchise Expo: 100+ Indian and Nepalese Brands To Converge and To Plan For Expansion
The Embassy of India in collaboration with the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) organized the Nepal-India franchise and investment, Expo, Summit and Awards in order to connect Indian and Nepalese brands and businesses aiming expansion. The virtual event, which will be conducted on a 3-D technology-enabled virtual platform by nepalfranchise.com, will held from 16 to 18 October 2020. The goal is to […]
From AI To Facial Recognition: China Sets The Rules In New Tech
According to Yang Guang, a Beijing-based senior analyst at Strategy Analytics, China has been planning all along to raise the profile of its technology standards for crucial next-generation technologies. This is in accordance with the Chinese government’s standard master plan – China Standards 2035 – and in a bid to strengthen China’s role in standards organizations. Imperative to the goal of setting some of the rules shaping the modern […]
Vietnam’s Northern Province Intends To Make Processing-Manufacturing A Key Industrial Sector
Quang Ninh, Vietnam’s northern port province, aims to make processing-manufacturing one of the three key pillars in its industry sector, along with mining and power and gas production and distribution. According to the Secretary of the Quang Ninh Party Committee, Nguyen Xuan Ky, new policies were introduced in early October at the first meeting of the 15th provincial […]
Sales of 5G-Compatible Smartphones Will Exceed 1 Billion Worldwide By 2025
Global sales of 5G smartphones this year is just 10 percent, but Strategy Analytics projected around a billion shipments for the same 5G devices in 2025. China, a pioneer in terms of 5G networks, should be one of the key markets. However, only high-end devices will initially be 5G compatible. Samsung, Huawei and lower-end manufacturers will progressively roll out […]
NITI Aayog CEO: India Poised to be Artificial Intelligence (AI) Laboratory of The World
At a press conference to unveil the upcoming global virtual summit on Artificial Intelligence (AI) – ‘RAISE 2020’ – NITI Aayog CEO Amitabh Kant said that India’s data and innovation capabilities can make it the world’s AI laboratory. “India is developing AI-based solutions for social empowerment across spheres like healthcare, education, finance, agriculture and governance. […]
Outsourcing in Vietnam: Competitive Factors and Entrepreneurial Challenges
The outsourcing industry in Vietnam has grown steadily for the past several years which is why outsourcing in Vietnam has become an attractive notion for businesses worldwide. The Vietnamese government has been vigorously promoting its international economic integration since becoming an APEC member in 1998 and WTO member in 2007. Aside from implementation of various […]
