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April 20, 2018
Newsletter
Singapore: Employment Act expected to be extended to most employees in 2019
Singapore’s Ministry of Manpower announced plans to amend the Employment Act so that its core protections cover all employees (with a few limited exceptions).
April 20, 2018
Newsletter
South Korea: Amendments to workweek rules, overtime and public holidays
New amendments to South Korea’s Labor Standards Act affect the workweek, parental leave, overtime pay, annual leave and paid public holidays for the private sector.
March 29, 2018
Newsletter
South Korea: Funding requirements for defined benefit pension plans strengthened
The South Korean government announced future increases to the required funded status target for employer-provided defined benefit pension.
January 10, 2018
Newsletter
Malaysia: Unemployment insurance to begin in 2018
Malaysia’s parliament recently approved the Employment Insurance System bill, establishing the country’s first unemployment insurance.
July 17, 2017
Newsletter
China: Tax breaks for private health insurance premiums
Chinese regulatory agencies have jointly issued Circular No. 39 providing for a nationwide tax break for “qualified” commercial health insurance for employees.
March 29, 2017
Newsletter
Hong Kong: Employers/Employees face new risks, costs with MPF Default Investment Strategy launch
Hong Kong’s required Default Investment Strategy, in Mandatory Provident Funds as of April 1, 2017, has significant investment risk/strategy and fund cost impacts.
March 3, 2017
Newsletter
Thailand: Retirement savings impact huge if mandatory provident fund bill finally enacted
Thailand’s cabinet has now approved the introduction of a mandatory provident fund regime starting in 2018, a major step toward enactment.
February 16, 2017
Newsletter
Hong Kong: Proposal eliminates the offset of MPF contributions against long-service/severance payments
A Hong Kong government proposal would eliminate crediting contributions to the Mandatory Provident Fund (MPF) against long-service or severance obligations.
January 18, 2017
Newsletter
Taiwan: Substantial changes to annual leave, holidays, worktime and overtime rules
Amendments to Taiwan’s Labor Standards Act (LSA) pertaining to working time, rest days, public holidays, annual leave and overtime compensation were passed.
September 19, 2016
Newsletter
India: Employer-paid maternity leave likely to increase from 12 to 26 weeks
Proposed amendments to India’s Maternity Benefit Act,
expected to be enacted at year-end 2016, would extend maternity leave from 12 to 26 weeks.
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