KOREA: BEFORE THE OPEN, 19Jun2013

2014 Brazil coming your way; Another sweltering day, another power alert; SK E&C can smell the money; Inflation nation, health care and construction wages; Zuck in South Korea; 3% growth ?; Here’s what you need to know pre-open.

Cost Push Inflation: S Korean construction workers call for 15% raise

 

A rally was staged in front of the Government Complex in Seoul yesterday. The Federation of Construction Industry Trade Unions were calling for a 15% raise and other working condition improvements.

Cost Push Inflation: 36% of surveyed employers plan to raise wages

A slowing economy plus rising wages will prove toxic for operating margins.

From Taiwan News:

Despite the gloomy economy, more than three out of every 10 enterprises in Taiwan have revealed plans to raise wages for their employees. The Formosa Plastics Group (FPG) is one of them, with the petrochemical giant reported to launch a 2 percent wage hike this year. Citing a 1111 Job Bank survey, the Chinese-language China Times newspaper reported Tuesday that nearly 36 percent of the surveyed enterprises said they plan to increase salaries this year, representing a growth of 7 percentage points compared with last year.

HONG KONG: BEFORE THE OPEN, 20May2013

Timmy Tong quiet as a mouse; Civil servants want inflation linked pay; Better luck next time HKMEx; HKIA traffic healthy; To poison us better; Yanzhou capital raising. Here’s what you need to know.

Cost Push Inflation: HK civil servants clamor for inflation linked pay

From SCMP:

Unionists made the call after a government committee indicated last week that pay rises for the city’s 170,000 civil servants might not exceed 4 per cent – short of the inflation rate of 4.4 per cent.

HONG KONG: WEEK IN REVIEW, 11May2013

Was it worth it?

It is estimated the striking dock workers missed out on HK$10mm in earnings because of the strike.

The Standard

Cost Push Inflation: Sheung Shui Slaughterhouse union gets 7.5% raise

am730

HONG KONG: CLOSING WRAP, 07May2013

Back to work on Thursday

 

Dock workers set to return to work on Thursday after accepting a 9.8% pay raise.

On.cc