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‘Jim’ the Chatbot Helps DBS Hire Its Wealth Business

Singapore’s largest bank is getting help from a chatbot named Jim in its drive to select good candidates for its growing business advising customers on managing their wealth, Bloomberg reports. DBS Group Holdings Ltd. says the artificial intelligence program introduced last year has sped up and improved the quality of initial screening for so-called wealth […]

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October 11, 20192:10 pm
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Malaysian Ministry Proposed 98-day Maternity Leave for Private Sector

The Human Resources Ministry is proposing an increase in the number of maternity leave days from 60 to 98 for the private sector, The Star Online reports. “Employers are to bear the cost of maternity allowance for 19 days while the remaining 19 days are unpaid leave, ” the ministry suggested, referring to the additional […]

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October 8, 20194:21 pm
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HP to Cut Up to 9,000 Jobs in Restructuring Push

U.S. personal computer maker HP Inc said on Thursday (Oct 3) it will cut up to 16 percent of its workforce as part of a restructuring plan aimed at cutting costs, Reuters reports. The company will cut about 7,000 to 9,000 jobs through a combination of employee exits and voluntary early retirement, it said in […]

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October 7, 20192:09 pm
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HSBC to Axe 10,000 Jobs to Slash Costs

REUTERS – HSBC Holdings Plc is planning to cut up to 10,000 jobs, more than 4 percent of its workforce, as interim Chief Executive Officer Noel Quinn seeks to reduce costs across the banking group, the Financial Times reported on Sunday. The plan represents the lender’s most ambitious attempt in years to cut costs, the […]

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October 7, 201910:28 am
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200,000 Bank Jobs in the U.S Will be Lost to Automation in the Next Decade

Technological efficiencies will result in the biggest reduction in headcount across the U.S. banking industry in its history, with an estimated 200,000 job cuts over the next decade, Wells Fargo & Co. said in a report. The $150 billion annually that the country’s finance firms are spending on tech — more than any other industry […]

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October 5, 201910:09 am
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Philippines Looks for Ways to Boost Female Employment

Women in jobs or seeking work in the Philippines made up just under half the working-age population over the last two decades, a study commissioned by the government showed, held back by social expectations that they will care for homes and children. The Philippine rate of 46 percent in 2018 pushed its female labour participation […]

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October 4, 20193:12 pm
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Malaysian Youth Want More Than Nine-to-Five Jobs

A former secretariat for a high-level panel on humanitarian financing in the United Nations has urged the government to review its policies on youth employment, saying the youth of today are looking beyond nine-to-five jobs. Speaking at a forum on achieving greater heights in the age of disruption, held for former students of Kolej Yayasan […]

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October 4, 20193:01 pm
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More Workers Hurt on the Job, but Deaths in the Workplace at Seven-year Low

More workers were injured on the job in the first half of this year, but the number of workplace deaths dipped to a seven-year low, Straits Times reports. Seventeen workers died on the job from January to June, down from 18 in the same period last year and 23 in the second half of last […]

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October 3, 201912:36 pm
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PwC Singapore to Invest S$10 million on Staff Digital Upskilling

Amidst the growing adoption of digital technology, PWC Singapore on Tuesday (Oct 1) announced its commitment to develop workers’ digital literacy. The professional services firm is planning to invest up to S$10 million over the next two years to develop the digital skills of over 3,500 employees, Business Times Singapore reports. The pledge comes as […]

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October 3, 201912:02 pm
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Skills Framework Unveiled to Help Finance Staff Adapt to Technological Changes

The Institute of Banking and Finance Singapore (IBF) today unveiled the Skills Framework for Financial Services which sets out progression pathways and skills required for a career in the industry. The framework, jointly developed by IBF, Monetary Authority of Singapore (MAS), SkillsFuture Singapore (SSG) and Workforce Singapore (WSG), will help individuals make informed decisions for […]

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September 30, 201911:59 am