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Has the minimum wage outlived its usefulness?
Published on 27/08/2019
» The minimum wage was introduced to Thailand in the mid 1970's as a way to protect against basic labour being taken advantage of and provide a guaranteed minimum wage for all workers. However, it was never applied to "all workers". The International Labour Organisation (ILO) said that this was the "minimum sum payable to a worker for work performed or services rendered, within a given period, whether calculated on the basis of time or output, which may not be reduced either by individual or collective agreement, which is guaranteed by law and which may be fixed in such a way as to cater to the minimum needs of the worker and his/her family, in the light of national economic and social conditions".
Company man
Asia focus, Published on 19/03/2018
» Shinsotsu-ikkatsu-saiyo, the tradition of simultaneous recruitment and employment of new graduates by companies, has long been unique to Japan and South Korea, before the latter abolished the practice in 2010. But in the world's third largest economy it is so embedded in the culture, who's to say it's not working for the country and its people?
Asian shares mixed after Japan data
Published on 30/01/2015
» HONG KONG — Asian stock markets were mixed Friday, with Tokyo's main index rising after Japanese traders shrugged off data showing inflation slowing in December and household spending falling.