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As the end of the year approaches, the budgeted salary increases for 2025 across Southeast Asia are projected to be higher than in 2024, according to a November report by professional services firm Aon. On top of that, businesses in the region are likely to maintain or increase their overall workforce numbers, according to the study, which was conducted from July to September 2024. It analyzed data collected from more than 950 companies across Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. Notably, the failure to attract and retain top talent has emerged as a key risk for organizations in the Asia-Pacific, moving from the ninth top risk in 2021 to the fourth in 2023, according to Aon's Global Risk Management Survey . "The salary increase rates are still [anticipated to be] higher [in 2025] than they were [in 2024], while we are anticipating a lower inflationary, lower interest rate environment going forward," Rahul Chawla, Aon's partner and head of talent solutions for Southeast Asia, told CNBC Make It. "So what that really means is that in spite of a softening inflationary environment, salary increases are still hardening up, which means that there is a talent supply and demand discrepancy which goes beyond inflation," he said. While inflation remains an element in the expected increases, other factors also come into play, such as the high demand for skilled talent in the region. For example, Southeast Asia has been "a sandbox environment for a lot of technology companies, i.e. in Singapore, to be setting up shop, so it is attracting capital... and then that creates a demand for talent to serve this growth," Chawla said. "It's also the speed of technology evolution, right? So things like prompt engineering — probably not something that would have existed as a big skill set two years ago, but now, with ChatGPT ... it's a very new skill that now there is a demand for," said Cheng Wan Hua, director of talent analytics for Southeast Asia at Aon. Here's how much salary budgets are projected to increase in 2025 across six Southeast Asian countries, according to Aon. Actual salary increase in 2023: 7.5% Actual salary increase in 2024: 6.4% Budgeted salary increase in 2025: 6.7% Actual salary increase in 2023: 6% Actual salary increase in 2024: 5.7% Budgeted salary increase in 2025: 6.3% Actual salary increase in 2023: 5.2% Actual salary increase in 2024: 5.4% Budgeted salary increase in 2025: 5.8% Actual salary increase in 2023: 5% Actual salary increase in 2024: 4.9% Budgeted salary increase in 2025: 5% Actual salary increase in 2023: 4.7% Actual salary increase in 2024: 4.4% Budgeted salary increase in 2025: 4.7% Actual salary increase in 2023: 4% Actual salary increase in 2024: 4.2% Budgeted salary increase in 2025: 4.4% Salary increases also vary across industries in Southeast Asia, with technology and manufacturing budgeting for the highest bump at 5.8%, according to the report. Retail; consulting, business and community services; and life sciences and medical devices are set for a bump of 5.4%. On the lower end of the spectrum are the energy (4.9%), financial services (4.8%) and transportation (4.1%) industries, according to the data. Notably, the survey also found that the budgeted salary increases in Singapore and Thailand are expected to fall behind the broader region in 2025, at 4.4% and 4.7%, respectively. "Singapore salary increases typically lag other markets in Southeast Asia. Because Singapore is a developed market, inflation tends to be lower compared to other countries which are growing at a faster pace," said Chawla. In addition, gross domestic product growth rates in the city-state tend to be lower than other countries in the region, thus also contributing to the smaller budgeted salary increase, he added. Thailand, on the other hand, has had less economic growth than other countries in the region, Chawla said. In addition, as the country's talent pool is "less mobile from a language and deployment perspective," it tends to stay within its own market, he added.
NoneNorthwest Bancshares Inc. Sells 6,110 Shares of JPMorgan Chase & Co. (NYSE:JPM)JCB1-125DC 125A DC Miniature Circuit Breaker: Features and Application 12-26-2024 05:50 PM CET | Industry, Real Estate & Construction Press release from: ABNewswire The JCB1-125DC 125A DC Miniature Circuit Breaker (MCB) [ https://www.w9-group.com/jcb3-63dc-polarity-dc-miniature-circuit-breaker-mcb-1-product/ ] is a robust and reliable electrical protection device specifically designed for handling direct current (DC) applications. This high-performance MCB provides short circuit and overload protection with an impressive breaking capacity of 6kA, making it ideal for various high-power applications. Its compliance with IEC 60947-2 standards ensures that the device meets rigorous safety and performance benchmarks, further cementing its status as a dependable choice in the industry. Image: https://ecdn6.globalso.com/upload/p/1205/image_product/2024-11/1-48.png This DC MCB comes packed with features that make it an ideal choice for safeguarding DC circuits. Let's explore its notable features: * Short Circuit and Overload Protection: The primary function of the JCB1-125DC 125A DC Miniature Circuit Breaker is to provide short circuit and overload protection to prevent damage to electrical systems. Overloads occur when a circuit draws more current than it's designed for, and short circuits happen when there is a direct contact between live wires, resulting in excess current. The MCB responds by interrupting the current flow, thereby protecting connected devices and systems. * Breaking Capacity of 6kA: With a breaking capacity of 6kA, the JCB1-125DC can handle a significant surge of current before it trips, making it suitable for demanding applications. A high breaking capacity ensures that the MCB can withstand large fault currents without causing damage to the circuit breaker itself. This high capacity adds to the breaker's longevity and reliability in industrial environments. Image: https://ecdn6.globalso.com/upload/p/1205/image_product/2024-11/2-44.png * Rated Current Options: 63A, 80A, 100A, and 125A: The JCB1-125DC 125A DC Miniature Circuit Breaker is available in multiple rated currents, including 63A, 80A, 100A, and 125A. This range makes the breaker adaptable to varying current requirements in different applications. Users can choose the model best suited to their electrical systems based on the expected load and protection requirements. * Rated Voltage Up to 1000V: The MCB is rated for use in circuits up to 1000V DC, which makes it suitable for high-voltage applications. Many traditional MCBs are designed for lower voltages, primarily in AC systems, so having a DC breaker that can handle up to 1000V is a significant advantage for power-intensive DC circuits. * Compact 27mm Module Width: The compact 27mm module width of the JCB1-125DC allows it to be easily integrated into electrical panels without taking up excessive space. This design feature is especially beneficial for industrial installations where space-saving is a priority, as multiple circuit breakers can be fitted in a single panel with optimized space utilization. * Contact Indicator: An essential safety feature of the JCB1-125DC 125A DC Miniature Circuit Breaker is its contact indicator. This indicator shows whether the breaker is in the ON or OFF position, allowing operators to easily monitor the breaker's status. This visibility minimizes errors and provides immediate insight into the breaker's state, enhancing safety during maintenance and inspection. * Compliance with IEC 60947-2: The IEC 60947-2 standard defines the requirements for low-voltage switchgear and controlgear, ensuring safety, reliability, and operational efficiency. Compliance with this international standard certifies that the JCB1-125DC meets strict quality benchmarks, providing users with peace of mind that the breaker is built to high industry standards. Image: https://ecdn6.globalso.com/upload/p/1205/image_product/2024-11/3-20.png Applications of JCB1-125DC 125A DC Miniature Circuit Breaker (MCB) The versatility of the JCB1-125DC 125A DC Miniature Circuit Breaker makes it suitable for a wide range of applications. Here are some of the most common scenarios where this MCB proves invaluable: * Renewable Energy Systems (e.g., Solar Power Systems): Solar power systems, particularly inverters and battery storage systems, often require DC circuit protection. The high voltage rating (up to 1000V) and range of current options make the JCB1-125DC an excellent choice for protecting solar panels and energy storage components from overload and short circuit conditions. * Telecommunication and Data Centers: Telecommunications and data centers rely heavily on stable DC power supply systems. The JCB1-125DC helps protect the sensitive equipment from potential electrical faults by providing rapid response to overloads and short circuits, ensuring the continuity of critical operations. * Electric Vehicle (EV) Charging Stations: As the demand for EVs rises, the need for reliable circuit protection in EV charging stations also grows. The JCB1-125DCcan handle the high currents and voltages typical of EV charging circuits, protecting both the charging station and the vehicle's electrical system. * Battery Backup Systems and Uninterruptible Power Supplies (UPS): Many industrial and commercial facilities use battery backup systems or UPS to maintain power in the event of an outage. The JCB1-125DC provides the necessary protection for these systems, ensuring they operate safely and are protected from faults. * Railway Systems and Transport: Railway and transport systems frequently utilize DC power for traction and signaling. The JCB1-125DC can safeguard these systems, which are subject to high currents, preventing equipment damage and enhancing safety. Installation and Operation Considerations for JCB1-125DC MCB When installing the JCB1-125DC 125A DC Miniature Circuit Breaker, there are several important factors to keep in mind: * Wiring and Connection: Ensure that all wiring and connection points are secure and that the circuit breaker is installed according to the manufacturer's specifications. Loose connections can lead to overheating and potentially damage the breaker and connected equipment. * Mounting Orientation: Proper orientation and secure mounting are essential to maintain the breaker's functionality and ensure safety. The 27mm module width allows it to fit easily into standard DC panels without requiring extensive adjustments. * Regular Testing and Maintenance: Routine testing and maintenance are necessary to ensure that the JCB1-125DC remains operational. Regular inspections of the contact indicator and periodic testing of its response to simulated faults help verify that the breaker will function as expected during an actual fault. * Environmental Conditions: The JCB1-125DC should be installed in an environment with a stable temperature and free from excessive moisture or dust. Extreme temperatures and environmental contaminants can affect its performance and may shorten its lifespan. * Coordination with Other Protective Devices: When used in combination with other protective devices, ensure coordination to avoid nuisance tripping or unintended system shutdowns. Proper selection of breaker rating and breaking capacity aids in achieving a coordinated and effective protection scheme. The JCB1-125DC 125A DC Miniature Circuit Breaker (MCB) [ https://www.w9-group.com/jcb3-63dc-polarity-dc-miniature-circuit-breaker-mcb-1-product/ ] stands out for its robust design, high breaking capacity, and adaptability for various applications. From renewable energy systems to telecommunications and EV charging stations, this DC MCB offers reliable short circuit and overload protection, which is critical in today's high-demand electrical environments. Its compact form factor and compliance with IEC 60947-2 further enhance its appeal, making it an ideal choice for any system requiring dependable DC circuit protection. Media Contact Company Name: W9 group Technology Electronic Co,. Ltd. Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=jcb1125dc-125a-dc-miniature-circuit-breaker-features-and-application ] Phone: +8615906878798 Address:No. 36, Punan Second Road, Yueqing Economic Development Zone City: Wenzhou State: Zhejiang Country: China Website: https://www.w9-group.com/ This release was published on openPR.
Florida State continues torrid star with rout of UMass
NEW YORK (AP) — Right-hander Jonathan Loáisiga is guaranteed $5 million in his one-year contract from the New York Yankees as he returns from Tommy John surgery and could earn up to $10.5 million over two seasons. Loáisiga gets a $500,000 signing bonus and a $4.5 million salary next season as part of the agreement announced Saturday. New York has a $5 million team option for 2026 with no buyout. Loáisiga could earn $500,000 in performance bonuses in 2026: $100,000 apiece for 50 innings and each additional five through 70. Pitching coach Matt Blake said last week the 30-year-old right-hander could return in late April or May from Tommy John surgery last May 1. “I imagine him being one of the high-leverage guys,” Blake said. “Obviously, we got to take some time to get him right, make sure we don’t rush him into competition.” Loáisiga had a $2.5 million salary this year in his final season of arbitration eligibility and became a free agent. He made three relief appearances during the first seven days of the season, then went on the injured list because of a strained right flexor muscle, then had Tommy John surgery with team physician Dr. Christopher Ahmad. RELATED COVERAGE Infielder Ehire Adrianza retires at 35 after 12 major league seasons Red Sox finalize $18.25M, 2-year deal with Patrick Sandoval, who is recovering from elbow surgery Carlos Santana returns to Cleveland on 1-year deal, first baseman’s third stint with Guardians Loáisiga was limited to 17 games in 2023 by right elbow inflammation that sidelined him from the Yankees between April 5 and Aug. 8. He is 19-11 with a 3.44 ERA in 11 starts and 152 relief appearances over seven seasons, striking out 207 and walking 72 in 219 2/3 innings. Loáisiga averaged 97.8 mph with his sinker in 2023. ___ AP MLB: https://apnews.com/hub/MLB