China 

China’s first-home buyers, desperate to get on the property ladder, are hoodwinked into signing away their recourse rights

It was ninth time lucky for Frank Chen when he finally secured his dream home, an 89-square-metre (958 square feet) flat under construction in northern Hangzhou.After eight failed attempts, the 33-year-old defied the odds in January and was drawn from the hat in a public property lottery – a common method of allocating units in oversubscribed housing projects in China.He was about to hand over the deposit on his 2,492,000 yuan (US$371,000) home when, to his surprise, the developer asked him to… Source link

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China 

Big companies on alert in countdown to China’s consumer rights TV show

China is gearing up to skewer companies it accuses of treating consumers badly in a yearly event that has previously named and shamed firms from Apple to Nike.State-run China Central Television (CCTV) will on Friday evening broadcast its annual consumer rights show, similar to CBS network’s 60 Minutes in the United States, that tends to be a mix of undercover reports and song-and-dance routine.Known as “315”, in reference to global consumer rights day on March 15, the show is usually greeted… Source link

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Home 

Women’s rights aren’t just for women shattering the glass ceiling, they are for millions of working women

As International Women’s Day approaches, barely a day goes by without one media outlet or another paying tribute to a brilliant female entrepreneur setting out to conquer the world. As an ageing male with a sneaking fear that I only succeeded in life because back in the 1960s and 1970s those awesomely talented and ambitious women were stymied by the clubby misogynist culture of the day, I feel nervous about pushing back. But push I must: I really do get tired of the feminist focus on glass… Source link

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Hong Kong, mainland exchanges reach agreement on trading in shares of dual voting rights firms through stock connects

The Hong Kong stock exchange said on Sunday it had reached a consensus with counterparts in Shanghai and Shenzhen on trading by mainland China investors in Hong Kong-listed companies with dual voting rights. The agreement, which could potentially benefit companies such as smartphone maker Xiaomi, is related to investment through the stock connect schemes that link exchanges on the mainland with the Hong Kong bourse. Xiaomi shares fall after mainland bourses block them from Chinese investors in Stock Connect pool “The three exchanges will promptly work on formulating relevant rules…

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Singapore 

Parliament: Laws to protect workers’ rights expanded to cover all employees, Singapore News

SINGAPORE – The law that protects workers’ rights has undergone a major transformation to include all private sector employees, a move that will entitle them to such rights as paid sick leave, mandatory annual leave of seven to 14 days, and protection against wrongful dismissal. This means the Employment Act (EA) will no longer have a salary cap of $4,500 a month. The move is among four categories of major changes Parliament approved on Tuesday (Nov 20) and will take effect in April next year. The others are: giving extra…

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Google has #MeToo moment as thousands of workers walk out over women’s rights

Thousands of Google employees around the world briefly walked off their jobs on Thursday to protest the company’s response to sexual harassment and demand that the world’s largest search engine address rising concerns about workplace inequality. The protests took place in waves, beginning in Asia and then streaming across Europe and North America, with the final wave occurring at Google’s headquarters in Mountain View, California. The protests, which drew Google contract workers as well as employees, followed a report in The New York Times last week that Google in 2014 gave…

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China 

Trade war: why US and China remain so far apart on intellectual property rights

Among all the thorny issues of the ongoing trade war between the world’s two largest economies, intellectual property rights (IPR) protection will be one of the most difficult areas in which to find breakthroughs because Beijing is not going to concede to US demands, sources have said. United States President Donald Trump has repeatedly lashed out at China’s lax IPR protection laws, forced technology transfer and alleged IP theft, saying it costs the US as much as US$600 billion per year, a charge China has denied. China will improve its…

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