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Media OutReach

CUHK Leads Healthcare Innovation Whilst Advancing in Global Rankings

HONG KONG SAR – Media OutReach Newswire – 20 February 2025 – The Chinese University of Hong Kong (CUHK) has achieved its highest-ever rankings: 44th in the Times Higher Education (THE) World University Rankings 2025 and 36th in the QS World University Rankings 2025. Through its Faculty of Medicine, CUHK demonstrates how academic excellence translates into meaningful improvements in people’s lives. The Faculty of Medicine (CU Medicine), a cornerstone of CUHK’s success since its establishment in 1981, has impressed the world with outstanding achievements in recent global rankings, driving innovation across its five schools and 14 departments. In Times Higher Education (THE) World University Rankings 2025 by Subject: Medical and Health, it is ranked 24th globally and 4th in Asia, being one of the youngest medical schools among the top 25 in the world. In the Quacquarelli Symonds (QS) Ranking by Subject 2024, CU Medicine ranked 1st in Hong Kong, 2nd in Asia; while in the 2024 Global Ranking of Academic Subjects (GRAS) by ShanghaiRanking, CU Medicine ranked 1st in Asia in Clinical Medicine and is the only Asian medical school among the Top 50. Pioneering Healthcare Solutions Professor Dennis Lo, the newly appointed CUHK’s Vice-Chancellor and President, has transformed prenatal care globally through Non-invasive Prenatal Testing (NIPT), benefitting over 10 million pregnant women annually across more than 100 countries. His innovations extend to cancer detection, where his team’s plasma-based screening for nasopharyngeal carcinoma has dramatically improved early detection rates. Empowering Global Health Talent Dr. Subhankar Mukhopadhyay, an Indian PhD graduate and Hong Kong PhD Fellowship Scheme awardee, exemplifies the faculty’s success in nurturing talent. “CUHK’s interdisciplinary approach and state-of-the-art facilities created the perfect environment for innovative research,” says Dr. Mukhopadhyay, now a postdoctoral researcher at CUHK’s JC School of Public Health and Public Care. Building a Healthier Future CU Medicine is dedicated to enhancing global health through advancing healthcare, medical education and research. It conducts research in areas of primary concern to Asia and Hong Kong, including projects on cancers, gut microbiota, and metabolic diseases. By combining scientific excellence with a deep commitment to social responsibility, CU Medicine continues to pioneer solutions that make quality healthcare more accessible and effective for communities worldwide. For a full list of postgraduate programmes available at CU Medicine, visit www.gs.cuhk.edu.hk/medicine.Hashtag: #CUHK The issuer is solely responsible for the content of this announcement. About CUHK Established in 1963, The Chinese University of Hong Kong (CUHK) is one of Asia’s leading universities, committed to a strong tradition of excellence in teaching, research, and innovation. With a focus on interdisciplinary research and global collaboration, CUHK aims to create a lasting impact on society by solving real-world problems through cutting-edge research.

Media OutReach

More Than Half of Workers in Hong Kong are Considering Changing Employers in 2025, Aon Study Reveals

HONG KONG SAR – Media OutReach Newswire – 20 February 2025 – Aon plc (NYSE: AON), a leading global professional services firm, today released results from its 2025 Human Capital Employee Sentiment Study with new insights specific to employees in Hong Kong. The global study of more than 9,000 employees across 23 geographies, including the U.S., UK, China, India and Australia, found that more than half of workers in Hong Kong are considering changing employers. The research reveals a troubling trend: almost one in five employees (17 percent) in Hong Kong feel undervalued in their current roles compared to seven percent in mainland China and 13 percent globally. Dissatisfaction with Compensation and Benefits The study reveals that 60 percent of employees in Hong Kong do not believe their compensation is fair compared to similar roles in the industry, a figure significantly higher than the global benchmark of 37 percent. Further, more than one third of the workforce (35 percent) in Hong Kong is not confident there is adequate investment in their skills development — double the global average. These results point to growing employee dissatisfaction in the Hong Kong market and may explain why the majority (63 percent) either plan to switch jobs or are considering doing so within the next year. Competitive pay and meaningful benefits are identified as the most influential factors when deciding to stay with or join a company, signalling the need for employers to act swiftly to improve employee benefits and offer competitive rewards. Paid Time Off Ranked Top-Value Benefit The study identified the top five benefits valued by employees in Hong Kong: Paid time off Medical coverage Work-life balance programs Retirement savings Dental insurance Medical coverage was the second highest valued benefit across all generations, with Gen X and Gen Z rating it higher than Gen Y (Millennials). Rising cost of living and an ageing workforce has increased health and financial concerns, prompting employees to seek better medical coverage and support. More than half of the employees (57 percent) would be willing to sacrifice existing benefits for a better choice of benefits, presenting an opportunity for employers to provide personalised and flexible benefit options to meet the needs of their workforce. A staggering 75 percent of employees in Hong Kong prefer office-based working arrangements, over 20 percent higher than the global average. Top Employee Expectations The study also identified the top expectations employees have of their employers: 33 percent said employers should help employees save for retirement/long-term needs. 28 percent said employers should support employee wellbeing. 20 percent said employers should support women’s health (e.g., menstruation, menopause). 19 percent said employers should help them establish an emergency fund. 18 percent said employers should support with eldercare or family care. Ernest Leung, head of Hong Kong for Aon said, “While organisations may perceive unmet salary expectations as the primary reason for employee turnover, employees evaluate all aspects of their roles and total rewards when deciding whether to remain with an organisation. With evolving technologies and an ageing workforce, the growth of businesses in Hong Kong will greatly depend on the ability of organisations to attract and retain top talent across multiple generations. It is crucial, therefore, for organisations to adopt more creative and innovative compensation practices using data-driven analytics and insights as part of their overall people strategy.” The study also brings attention to the lack of equity in pay and career development practices, with 41 percent of employees not confident their employer ensures gender pay equality. Additionally, women are 11 percent more likely than men to want career development and learning. This reinforces the need for employers to take steps to offer customised benefits across demographics including pay transparency and career development to attract and retain top women talent. Read Aon’s Human Capital Employee Sentiment Study here. Hashtag: #Aon The issuer is solely responsible for the content of this announcement. About Aon Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

Media OutReach

CUHK Leads Healthcare Innovation Whilst Advancing in Global Rankings

HONG KONG SAR – Media OutReach Newswire – 20 February 2025 – The Chinese University of Hong Kong (CUHK) has achieved its highest-ever rankings: 44th in the Times Higher Education (THE) World University Rankings 2025 and 36th in the QS World University Rankings 2025. Through its Faculty of Medicine, CUHK demonstrates how academic excellence translates into meaningful improvements in people’s lives. The Faculty of Medicine (CU Medicine), a cornerstone of CUHK’s success since its establishment in 1981, has impressed the world with outstanding achievements in recent global rankings, driving innovation across its five schools and 14 departments. In Times Higher Education (THE) World University Rankings 2025 by Subject: Medical and Health, it is ranked 24th globally and 4th in Asia, being one of the youngest medical schools among the top 25 in the world. In the Quacquarelli Symonds (QS) Ranking by Subject 2024, CU Medicine ranked 1st in Hong Kong, 2nd in Asia; while in the 2024 Global Ranking of Academic Subjects (GRAS) by ShanghaiRanking, CU Medicine ranked 1st in Asia in Clinical Medicine and is the only Asian medical school among the Top 50. Pioneering Healthcare Solutions Professor Dennis Lo, the newly appointed CUHK’s Vice-Chancellor and President, has transformed prenatal care globally through Non-invasive Prenatal Testing (NIPT), benefitting over 10 million pregnant women annually across more than 100 countries. His innovations extend to cancer detection, where his team’s plasma-based screening for nasopharyngeal carcinoma has dramatically improved early detection rates. Empowering Global Health Talent Dr. Subhankar Mukhopadhyay, an Indian PhD graduate and Hong Kong PhD Fellowship Scheme awardee, exemplifies the faculty’s success in nurturing talent. “CUHK’s interdisciplinary approach and state-of-the-art facilities created the perfect environment for innovative research,” says Dr. Mukhopadhyay, now a postdoctoral researcher at CUHK’s JC School of Public Health and Public Care. Building a Healthier Future CU Medicine is dedicated to enhancing global health through advancing healthcare, medical education and research. It conducts research in areas of primary concern to Asia and Hong Kong, including projects on cancers, gut microbiota, and metabolic diseases. By combining scientific excellence with a deep commitment to social responsibility, CU Medicine continues to pioneer solutions that make quality healthcare more accessible and effective for communities worldwide. For a full list of postgraduate programmes available at CU Medicine, visit www.gs.cuhk.edu.hk/medicine.Hashtag: #CUHK The issuer is solely responsible for the content of this announcement. About CUHK Established in 1963, The Chinese University of Hong Kong (CUHK) is one of Asia’s leading universities, committed to a strong tradition of excellence in teaching, research, and innovation. With a focus on interdisciplinary research and global collaboration, CUHK aims to create a lasting impact on society by solving real-world problems through cutting-edge research.

Media OutReach

CUHK Leads Healthcare Innovation Whilst Advancing in Global Rankings

HONG KONG SAR – Media OutReach Newswire – 20 February 2025 – The Chinese University of Hong Kong (CUHK) has achieved its highest-ever rankings: 44th in the Times Higher Education (THE) World University Rankings 2025 and 36th in the QS World University Rankings 2025. Through its Faculty of Medicine, CUHK demonstrates how academic excellence translates into meaningful improvements in people’s lives. The Faculty of Medicine (CU Medicine), a cornerstone of CUHK’s success since its establishment in 1981, has impressed the world with outstanding achievements in recent global rankings, driving innovation across its five schools and 14 departments. In Times Higher Education (THE) World University Rankings 2025 by Subject: Medical and Health, it is ranked 24th globally and 4th in Asia, being one of the youngest medical schools among the top 25 in the world. In the Quacquarelli Symonds (QS) Ranking by Subject 2024, CU Medicine ranked 1st in Hong Kong, 2nd in Asia; while in the 2024 Global Ranking of Academic Subjects (GRAS) by ShanghaiRanking, CU Medicine ranked 1st in Asia in Clinical Medicine and is the only Asian medical school among the Top 50. Pioneering Healthcare Solutions Professor Dennis Lo, the newly appointed CUHK’s Vice-Chancellor and President, has transformed prenatal care globally through Non-invasive Prenatal Testing (NIPT), benefitting over 10 million pregnant women annually across more than 100 countries. His innovations extend to cancer detection, where his team’s plasma-based screening for nasopharyngeal carcinoma has dramatically improved early detection rates. Empowering Global Health Talent Dr. Subhankar Mukhopadhyay, an Indian PhD graduate and Hong Kong PhD Fellowship Scheme awardee, exemplifies the faculty’s success in nurturing talent. “CUHK’s interdisciplinary approach and state-of-the-art facilities created the perfect environment for innovative research,” says Dr. Mukhopadhyay, now a postdoctoral researcher at CUHK’s JC School of Public Health and Public Care. Building a Healthier Future CU Medicine is dedicated to enhancing global health through advancing healthcare, medical education and research. It conducts research in areas of primary concern to Asia and Hong Kong, including projects on cancers, gut microbiota, and metabolic diseases. By combining scientific excellence with a deep commitment to social responsibility, CU Medicine continues to pioneer solutions that make quality healthcare more accessible and effective for communities worldwide. For a full list of postgraduate programmes available at CU Medicine, visit www.gs.cuhk.edu.hk/medicine.Hashtag: #CUHK The issuer is solely responsible for the content of this announcement. About CUHK Established in 1963, The Chinese University of Hong Kong (CUHK) is one of Asia’s leading universities, committed to a strong tradition of excellence in teaching, research, and innovation. With a focus on interdisciplinary research and global collaboration, CUHK aims to create a lasting impact on society by solving real-world problems through cutting-edge research.

Media OutReach

CUHK Leads Healthcare Innovation Whilst Advancing in Global Rankings

HONG KONG SAR – Media OutReach Newswire – 20 February 2025 – The Chinese University of Hong Kong (CUHK) has achieved its highest-ever rankings: 44th in the Times Higher Education (THE) World University Rankings 2025 and 36th in the QS World University Rankings 2025. Through its Faculty of Medicine, CUHK demonstrates how academic excellence translates into meaningful improvements in people’s lives. The Faculty of Medicine (CU Medicine), a cornerstone of CUHK’s success since its establishment in 1981, has impressed the world with outstanding achievements in recent global rankings, driving innovation across its five schools and 14 departments. In Times Higher Education (THE) World University Rankings 2025 by Subject: Medical and Health, it is ranked 24th globally and 4th in Asia, being one of the youngest medical schools among the top 25 in the world. In the Quacquarelli Symonds (QS) Ranking by Subject 2024, CU Medicine ranked 1st in Hong Kong, 2nd in Asia; while in the 2024 Global Ranking of Academic Subjects (GRAS) by ShanghaiRanking, CU Medicine ranked 1st in Asia in Clinical Medicine and is the only Asian medical school among the Top 50. Pioneering Healthcare Solutions Professor Dennis Lo, the newly appointed CUHK’s Vice-Chancellor and President, has transformed prenatal care globally through Non-invasive Prenatal Testing (NIPT), benefitting over 10 million pregnant women annually across more than 100 countries. His innovations extend to cancer detection, where his team’s plasma-based screening for nasopharyngeal carcinoma has dramatically improved early detection rates. Empowering Global Health Talent Dr. Subhankar Mukhopadhyay, an Indian PhD graduate and Hong Kong PhD Fellowship Scheme awardee, exemplifies the faculty’s success in nurturing talent. “CUHK’s interdisciplinary approach and state-of-the-art facilities created the perfect environment for innovative research,” says Dr. Mukhopadhyay, now a postdoctoral researcher at CUHK’s JC School of Public Health and Public Care. Building a Healthier Future CU Medicine is dedicated to enhancing global health through advancing healthcare, medical education and research. It conducts research in areas of primary concern to Asia and Hong Kong, including projects on cancers, gut microbiota, and metabolic diseases. By combining scientific excellence with a deep commitment to social responsibility, CU Medicine continues to pioneer solutions that make quality healthcare more accessible and effective for communities worldwide. For a full list of postgraduate programmes available at CU Medicine, visit www.gs.cuhk.edu.hk/medicine.Hashtag: #CUHK The issuer is solely responsible for the content of this announcement. About CUHK Established in 1963, The Chinese University of Hong Kong (CUHK) is one of Asia’s leading universities, committed to a strong tradition of excellence in teaching, research, and innovation. With a focus on interdisciplinary research and global collaboration, CUHK aims to create a lasting impact on society by solving real-world problems through cutting-edge research.

Media OutReach

More Than Half of Workers in Hong Kong are Considering Changing Employers in 2025, Aon Study Reveals

HONG KONG SAR – Media OutReach Newswire – 20 February 2025 – Aon plc (NYSE: AON), a leading global professional services firm, today released results from its 2025 Human Capital Employee Sentiment Study with new insights specific to employees in Hong Kong. The global study of more than 9,000 employees across 23 geographies, including the U.S., UK, China, India and Australia, found that more than half of workers in Hong Kong are considering changing employers. The research reveals a troubling trend: almost one in five employees (17 percent) in Hong Kong feel undervalued in their current roles compared to seven percent in mainland China and 13 percent globally. Dissatisfaction with Compensation and Benefits The study reveals that 60 percent of employees in Hong Kong do not believe their compensation is fair compared to similar roles in the industry, a figure significantly higher than the global benchmark of 37 percent. Further, more than one third of the workforce (35 percent) in Hong Kong is not confident there is adequate investment in their skills development — double the global average. These results point to growing employee dissatisfaction in the Hong Kong market and may explain why the majority (63 percent) either plan to switch jobs or are considering doing so within the next year. Competitive pay and meaningful benefits are identified as the most influential factors when deciding to stay with or join a company, signalling the need for employers to act swiftly to improve employee benefits and offer competitive rewards. Paid Time Off Ranked Top-Value Benefit The study identified the top five benefits valued by employees in Hong Kong: Paid time off Medical coverage Work-life balance programs Retirement savings Dental insurance Medical coverage was the second highest valued benefit across all generations, with Gen X and Gen Z rating it higher than Gen Y (Millennials). Rising cost of living and an ageing workforce has increased health and financial concerns, prompting employees to seek better medical coverage and support. More than half of the employees (57 percent) would be willing to sacrifice existing benefits for a better choice of benefits, presenting an opportunity for employers to provide personalised and flexible benefit options to meet the needs of their workforce. A staggering 75 percent of employees in Hong Kong prefer office-based working arrangements, over 20 percent higher than the global average. Top Employee Expectations The study also identified the top expectations employees have of their employers: 33 percent said employers should help employees save for retirement/long-term needs. 28 percent said employers should support employee wellbeing. 20 percent said employers should support women’s health (e.g., menstruation, menopause). 19 percent said employers should help them establish an emergency fund. 18 percent said employers should support with eldercare or family care. Ernest Leung, head of Hong Kong for Aon said, “While organisations may perceive unmet salary expectations as the primary reason for employee turnover, employees evaluate all aspects of their roles and total rewards when deciding whether to remain with an organisation. With evolving technologies and an ageing workforce, the growth of businesses in Hong Kong will greatly depend on the ability of organisations to attract and retain top talent across multiple generations. It is crucial, therefore, for organisations to adopt more creative and innovative compensation practices using data-driven analytics and insights as part of their overall people strategy.” The study also brings attention to the lack of equity in pay and career development practices, with 41 percent of employees not confident their employer ensures gender pay equality. Additionally, women are 11 percent more likely than men to want career development and learning. This reinforces the need for employers to take steps to offer customised benefits across demographics including pay transparency and career development to attract and retain top women talent. Read Aon’s Human Capital Employee Sentiment Study here. Hashtag: #Aon The issuer is solely responsible for the content of this announcement. About Aon Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

Media OutReach

More Than Half of Workers in Hong Kong are Considering Changing Employers in 2025, Aon Study Reveals

HONG KONG SAR – Media OutReach Newswire – 20 February 2025 – Aon plc (NYSE: AON), a leading global professional services firm, today released results from its 2025 Human Capital Employee Sentiment Study with new insights specific to employees in Hong Kong. The global study of more than 9,000 employees across 23 geographies, including the U.S., UK, China, India and Australia, found that more than half of workers in Hong Kong are considering changing employers. The research reveals a troubling trend: almost one in five employees (17 percent) in Hong Kong feel undervalued in their current roles compared to seven percent in mainland China and 13 percent globally. Dissatisfaction with Compensation and Benefits The study reveals that 60 percent of employees in Hong Kong do not believe their compensation is fair compared to similar roles in the industry, a figure significantly higher than the global benchmark of 37 percent. Further, more than one third of the workforce (35 percent) in Hong Kong is not confident there is adequate investment in their skills development — double the global average. These results point to growing employee dissatisfaction in the Hong Kong market and may explain why the majority (63 percent) either plan to switch jobs or are considering doing so within the next year. Competitive pay and meaningful benefits are identified as the most influential factors when deciding to stay with or join a company, signalling the need for employers to act swiftly to improve employee benefits and offer competitive rewards. Paid Time Off Ranked Top-Value Benefit The study identified the top five benefits valued by employees in Hong Kong: Paid time off Medical coverage Work-life balance programs Retirement savings Dental insurance Medical coverage was the second highest valued benefit across all generations, with Gen X and Gen Z rating it higher than Gen Y (Millennials). Rising cost of living and an ageing workforce has increased health and financial concerns, prompting employees to seek better medical coverage and support. More than half of the employees (57 percent) would be willing to sacrifice existing benefits for a better choice of benefits, presenting an opportunity for employers to provide personalised and flexible benefit options to meet the needs of their workforce. A staggering 75 percent of employees in Hong Kong prefer office-based working arrangements, over 20 percent higher than the global average. Top Employee Expectations The study also identified the top expectations employees have of their employers: 33 percent said employers should help employees save for retirement/long-term needs. 28 percent said employers should support employee wellbeing. 20 percent said employers should support women’s health (e.g., menstruation, menopause). 19 percent said employers should help them establish an emergency fund. 18 percent said employers should support with eldercare or family care. Ernest Leung, head of Hong Kong for Aon said, “While organisations may perceive unmet salary expectations as the primary reason for employee turnover, employees evaluate all aspects of their roles and total rewards when deciding whether to remain with an organisation. With evolving technologies and an ageing workforce, the growth of businesses in Hong Kong will greatly depend on the ability of organisations to attract and retain top talent across multiple generations. It is crucial, therefore, for organisations to adopt more creative and innovative compensation practices using data-driven analytics and insights as part of their overall people strategy.” The study also brings attention to the lack of equity in pay and career development practices, with 41 percent of employees not confident their employer ensures gender pay equality. Additionally, women are 11 percent more likely than men to want career development and learning. This reinforces the need for employers to take steps to offer customised benefits across demographics including pay transparency and career development to attract and retain top women talent. Read Aon’s Human Capital Employee Sentiment Study here. Hashtag: #Aon The issuer is solely responsible for the content of this announcement. About Aon Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

Media OutReach

More Than Half of Workers in Hong Kong are Considering Changing Employers in 2025, Aon Study Reveals

HONG KONG SAR – Media OutReach Newswire – 20 February 2025 – Aon plc (NYSE: AON), a leading global professional services firm, today released results from its 2025 Human Capital Employee Sentiment Study with new insights specific to employees in Hong Kong. The global study of more than 9,000 employees across 23 geographies, including the U.S., UK, China, India and Australia, found that more than half of workers in Hong Kong are considering changing employers. The research reveals a troubling trend: almost one in five employees (17 percent) in Hong Kong feel undervalued in their current roles compared to seven percent in mainland China and 13 percent globally. Dissatisfaction with Compensation and Benefits The study reveals that 60 percent of employees in Hong Kong do not believe their compensation is fair compared to similar roles in the industry, a figure significantly higher than the global benchmark of 37 percent. Further, more than one third of the workforce (35 percent) in Hong Kong is not confident there is adequate investment in their skills development — double the global average. These results point to growing employee dissatisfaction in the Hong Kong market and may explain why the majority (63 percent) either plan to switch jobs or are considering doing so within the next year. Competitive pay and meaningful benefits are identified as the most influential factors when deciding to stay with or join a company, signalling the need for employers to act swiftly to improve employee benefits and offer competitive rewards. Paid Time Off Ranked Top-Value Benefit The study identified the top five benefits valued by employees in Hong Kong: Paid time off Medical coverage Work-life balance programs Retirement savings Dental insurance Medical coverage was the second highest valued benefit across all generations, with Gen X and Gen Z rating it higher than Gen Y (Millennials). Rising cost of living and an ageing workforce has increased health and financial concerns, prompting employees to seek better medical coverage and support. More than half of the employees (57 percent) would be willing to sacrifice existing benefits for a better choice of benefits, presenting an opportunity for employers to provide personalised and flexible benefit options to meet the needs of their workforce. A staggering 75 percent of employees in Hong Kong prefer office-based working arrangements, over 20 percent higher than the global average. Top Employee Expectations The study also identified the top expectations employees have of their employers: 33 percent said employers should help employees save for retirement/long-term needs. 28 percent said employers should support employee wellbeing. 20 percent said employers should support women’s health (e.g., menstruation, menopause). 19 percent said employers should help them establish an emergency fund. 18 percent said employers should support with eldercare or family care. Ernest Leung, head of Hong Kong for Aon said, “While organisations may perceive unmet salary expectations as the primary reason for employee turnover, employees evaluate all aspects of their roles and total rewards when deciding whether to remain with an organisation. With evolving technologies and an ageing workforce, the growth of businesses in Hong Kong will greatly depend on the ability of organisations to attract and retain top talent across multiple generations. It is crucial, therefore, for organisations to adopt more creative and innovative compensation practices using data-driven analytics and insights as part of their overall people strategy.” The study also brings attention to the lack of equity in pay and career development practices, with 41 percent of employees not confident their employer ensures gender pay equality. Additionally, women are 11 percent more likely than men to want career development and learning. This reinforces the need for employers to take steps to offer customised benefits across demographics including pay transparency and career development to attract and retain top women talent. Read Aon’s Human Capital Employee Sentiment Study here. Hashtag: #Aon The issuer is solely responsible for the content of this announcement. About Aon Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

News

Easier to deal with China than US, says Nazir Razak

KUALA LUMPUR:  Economic ties often come with conditions but, according to Asean Business Advisory Council (Asean-BAC) chairman Nazir Razak, such “strings” with China are easier to deal with than those with the US. In response to a question about whether China imposes conditions on its relationships with smaller nations like Thailand and Malaysia, Nazir also agreed with insurance company FWD Group chairman Frederick Ma’s description of such ties as “the norm”. “I think ‘strings attached’ is the norm now and, looking ahead, I think the Chinese strings are easier to navigate than the American strings,” he said during a panel discussion at the China Conference: Southeast Asia 2025 here today. Nazir also expressed optimism about the future of economic integration in the region, despite past attempts that did not meet the stated goals. “I’m quite bullish because Asean has learned the hard way about what it can and should do, and what it can’t and shouldn’t do. We don’t want to be like the European Union. “In 2007, we aimed for a single production base, free movement of skilled labour, and free movement of capital, but by 2015, we had achieved none of that. Now, we understand that we shouldn’t try to go down that path,” he said. He said the region needs to be creative in its integration efforts, reiterating the council’s push for the Asean Business Entity (ABE) concept. Last Saturday, Nazir renewed the call for the ABE framework at an Asean-BAC briefing hosted by the Federation of Malaysian Manufacturers. The ABE framework will see the introduction of a new category of businesses that can be officially recognised by Asean governments. Companies designated as ABE will receive operational advantages and flexibility unavailable to standard local or global firms. ABE-certified companies will benefit from greater freedom, such as the ability to move personnel and operations across borders within the Asean region without the typical restrictions. Foreign minister Mohamad Hasan recently called for the establishment of an Asean stock exchange to strengthen the 10-nation grouping’s economic growth. In an interview with FMT, he said a regional stock exchange could comprise the top 50 blue chip companies from each Asean country, and they could be given special incentives and tariff treatment. In addition, he said, it could also raise capital from other regions as investors around the world are attracted to trade on the Asean bourse. Mohamad said such an initiative could lead to Asean becoming a bloc that is more unified and harmonious, and developed.–FMT

Investment & Market Trends

Langkawi tourism revenue soars 35% to RM2.4 Bil

PETALING JAYA: Tourist arrivals in Langkawi post-Covid-19 showed an increase of 323,115 people, or 11%, from 2022 to 2024, according to data from the finance ministry (MoF). During the same period, tourism revenue increased by RM2.4 billion, or 34.9%. However, “the loss of revenue or excise duties to the government for Langkawi Duty-Free Island due to the tax exemption also increased by RM227.96 million, or 59.7%, involving, among others, passenger vehicles,” the ministry said. “Therefore, any additional proposals for items under the tax exemption scope will have a direct impact on national revenue collection,” said MoF in a written response on the Parliament website issued yesterday. This was in response to a question by Azman Nasrudin (PN-Padang Serai) regarding the annual tax revenue losses borne by the government for Langkawi. Meanwhile, MoF also mentioned the amount of revenue from new taxes introduced in 2024, including the low-value goods tax (LVG), valued at RM476.1 million, and the digital service tax (DST), amounting to RM1.6 billion. However, the amount for the capital gains tax (CGT), which was implemented on March 1, 2024, will only be known starting July 1, 2025, after corporate taxpayers submit their Income Tax Return Form (BNCP) for the current assessment year via e-filing. At the same time, MoF also stated that the government has no plans to implement the goods and services tax (GST). MoF said this is because the existing sales and service tax (SST) has been well understood by businesses and the public, having been in use for over 40 years, and it can still be improved to generate additional revenue for the government more quickly. “This is in contrast to reintroducing the GST, which would require a longer preparation period, both on the part of the government and industries,” MoF explained. This was in response to a question from Ismail Sabri Yaakob (BN-Bera) regarding the revenue collection from the new taxes and whether the government would reintroduce GST.–BERNAMA

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