Employers in Taiwan and India are the most concerned in Asia about the exodus of qualified workers from their homelands to work in other countries, according to a poll that was released yesterday.
The global poll of 28,000 bosses showed that 64 percent of employers in Taiwan and 57 percent in India were among the “most concerned,” putting them fourth and fifth in the country rankings.
Topping the list was Peru, where 82 percent of respondents worried about a brain drain, followed by Argentina with 66 percent and South Africa with 65 percent, according to the survey commissioned by Manpower, an international employment agency.
China topped the list of those “least concerned about national talent leaving to work abroad.” Only 1 percent of bosses polled there cared.
Japan emerged third with 12 percent after Ireland, where 7 percent showed concern.
Employers in Hong Kong and Singapore were not losing much sleep about outward migration of talent either. Twenty percent of those queried in Hong Kong and 22 percent in Singapore were troubled, the poll said, putting them in 11th and 12th place respectively.
“The movement in talent is a growing part of the reality of managing what is rapidly becoming a borderless workforce,” the study said.
“Individuals are increasingly willing and able to find employment far from their homes whether they are Filipino electricians working in Western Australia or Indian petrochemical engineers working in the Arabian Gulf states,” it added.
WEAKER ACTIVITY: The sharpest deterioration was seen in the electronics and optical components sector, with the production index falling 13.2 points to 44.5 Taiwan’s manufacturing sector last month contracted for a second consecutive month, with the purchasing managers’ index (PMI) slipping to 48, reflecting ongoing caution over trade uncertainties, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The decline reflects growing caution among companies amid uncertainty surrounding US tariffs, semiconductor duties and automotive import levies, and it is also likely linked to fading front-loading activity, CIER president Lien Hsien-ming (連賢明) said. “Some clients have started shifting orders to Southeast Asian countries where tariff regimes are already clear,” Lien told a news conference. Firms across the supply chain are also lowering stock levels to mitigate
Six Taiwanese companies, including contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), made the 2025 Fortune Global 500 list of the world’s largest firms by revenue. In a report published by New York-based Fortune magazine on Tuesday, Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), ranked highest among Taiwanese firms, placing 28th with revenue of US$213.69 billion. Up 60 spots from last year, TSMC rose to No. 126 with US$90.16 billion in revenue, followed by Quanta Computer Inc (廣達) at 348th, Pegatron Corp (和碩) at 461st, CPC Corp, Taiwan (台灣中油) at 494th and Wistron Corp (緯創) at
NEW PRODUCTS: MediaTek plans to roll out new products this quarter, including a flagship mobile phone chip and a GB10 chip that it is codeveloping with Nvidia Corp MediaTek Inc (聯發科) yesterday projected that revenue this quarter would dip by 7 to 13 percent to between NT$130.1 billion and NT$140 billion (US$4.38 billion and US$4.71 billion), compared with NT$150.37 billion last quarter, which it attributed to subdued front-loading demand and unfavorable foreign exchange rates. The Hsinchu-based chip designer said that the forecast factored in the negative effects of an estimated 6 percent appreciation of the New Taiwan dollar against the greenback. “As some demand has been pulled into the first half of the year and resulted in a different quarterly pattern, we expect the third quarter revenue to decline sequentially,”
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