Billionaire Elon Musk, known for his futuristic visions, recently claimed that Singapore’s low birth rate is an alarming sign and the country is on the verge of extinction. Elon Musk, chief executive officer of SpaceX and Tesla and owner of X. “Singapore (and many other countries) are going extinct,” Elon Musk said in a…
Hong Kong’s labour shortage is expected to worsen and reach 180,000 workers by 2028, driven by a rapidly ageing elderly population projected to account for almost a third of the city’s residents. The Labour and Welfare Bureau on Thursday also predicted skilled technical staff, such as escalator mechanics and construction workers, would make up more…
A city in southern China has launched bold initiatives and slogans to encourage marriage and boost birth rates, igniting widespread controversy. In October, Changsha, the capital of Hunan province, unveiled the country’s first “marriage-themed” cultural street. The historic street showcases both Chinese and Western wedding scenes, providing visitors with plenty of photo opportunities. However, what…
Hong Kong’s richest are earning 81.9 times more than its poorest residents, up from 52.7 times last year, the local branch of an international charity has said, in a further widening of the city’s wealth gap. A report released by Oxfam Hong Kong on Wednesday also showed that more than 1.39 million people were living…
Transport and catering operators have urged Hong Kong authorities to continue offering labour import schemes to help fill the thousands of vacancies in the workforce, despite some unions calling for the measures to be suspended. Representatives of minibus and catering companies said the schemes to bring in workers, mainly from mainland China, were also part…
Hong Kong’s new trade office in Kuala Lumpur is set to open “as early as next month” and the move will allow more direct engagements between both sides, according to the country’s top envoy in the city who spoke exclusively to the Post. Consul General Muzambli Markam also said the growing integration within China’s Greater…
China has decided to raise the retirement age by up to five years as the country battles an economic slump and the growing pressure from an ageing population. The retirement age for men will rise from 60 to 63 and for female office workers from 55 to 58 as a result of the decision by…
China’s top legislature has reviewed a plan to gradually raise the retirement age, months after the ruling Communist Party’s Central Committee proposed it be lifted in a “voluntary and flexible” way. The retirement age has been in place since 1951 and is among the lowest in the world. It is currently 60 for men, 55…