Under the situation of economic crisis, if you want to work in a foreign country and still get a high salary, you should turn to Asia. According to a research, those expatriates who live in Asia and Middle East get the highest salary among all expatriates.
The HSBC Bank International, the offshore financial services arm of HSBC Holdings, indicated that the percentage of expatriates in Russia is about 30%, which is the highest in the world. The expatriates in Russia earn the most —– up to 250,000 dollars a year, in terms of the income standard, expatriates in Japan and Qatar ranked second and third following Russia.
Between one third and one quarter Read more…
Popularity: 1% [?]
Asia, China, crisis, economy, HSBC, salary
According to a PricewaterhouseCoopers (PwC) report, because of more Chinese Financial institutions expanding their business, the financial services M&As in Asia will be more active.
215 senior financial services executive, of which 20% come from the Chinese mainland and Hong Kong, finished the survey.
The survey showed that comparing with 2008, the figure of respondents intending to make an acquisition increases 4% this year. Most Chinese mainland and Taiwan respondents like to use M&A deals.
Nelson Lou, transaction partner, PwC, said that the keenness in China should owe to stronger balance sheets and fewer use of outbound M&A activity in the past few years. Read more…
Popularity: 3% [?]
Asia, business, China, economy, Hong Kong, M&A, service
As a global recession starts to spread, employees in the west, from bankers to factory staff, face the gloomy future of losing their jobs. For the people facing the same prospect in the East, the suffering comes more from the pay cut.
Human resource experts explain culture differences is the reason for Asian firms’ efforts to preserve jobs in difficult times, which may lead to unemployment or may keep Asian economies up under the situation of slowing exports.
The East culture may also help firms recover quickly from the recession since they will not need to reemploy or train new staff, making a prediction of a Western shift to Eastern thinking pattern.
“In the Confucian mindset, the right thing to do is to share the burden. There’s that sense of collective responsibility whereas in the West, it’s more about Read more…
Popularity: 2% [?]
Asia, burden, cut, job, pay, West
Under the situation of economic crisis, if you want to work in a foreign country and still get a high salary, you should turn to Asia. According to a research, those expatriates who live in Asia and Middle East get the highest salary among all expatriates. 
