VISA Financial News
14.08 / 14:11
UPS
Citizens
VISA
Destiny
Singapore flags ‘structural decline’ without migrant workers
Singapore’s declining birth rate and its aging population require a sustained yet well calibrated influx of migrant workers, according to Deputy Prime Minister Lawrence Wong. “If we are not able to bring in immigrants to top up the population then we are in structural decline, and eventually the population will decline, the workforce will decline and Singapore will decline,” Wong said at the Reinventing Destiny conference in Singapore on Monday. At the same time, Wong said Singapore is controlling the number of immigrants who will be allowed to work and that the number isn’t limitless nor excessive. “At the end of the day, the numbers are constrained by how much we are able to integrate the new arrivals” and how the migrants “embrace our values and way of life.” As a small, open economy, Singapore relies on foreign workers to help meet its labor needs. Yet immigration rules have tightened in recent years as the government needs to strike a balance between protecting local jobs as well as ensuring that it has enough resources to meet the demands of an increasing migrant population amid slowing economic growth. “We will not have the ability to integrate all of them into our society,” he said. “A small proportion will come in as permanent residents and it’s gated, it’s regulated. And we want to make sure that those who come in as permanent residents and eventually citizens are the ones who have the best chance to integrate into our society.”
14.08 / 10:39
COST
UPS
VISA
Indian
UK visa rule changes, fee hike raise concerns for Indian students. Here's why
UK visa rules are likely to affect the Indian students Visa fees are anticipated to surge by 15%. Certain categories, such as certificates of sponsorship, student visas, and settlement, might see a larger increase of up to 20%, along with priority visas, entry clearance, citizenship, and leave to remain.
14.08 / 03:17
UPS
Provident
VISA
Career
Indian
Indian nationals sue US govt for denying H-1B visas over alleged fraud: Report
H-1B visas due to alleged fraud by their own employees, according to a report published by Bloomberg Law as quoted by Hindustan Times. Despite the activities of their employer, they contend in the case filed in a federal district court in Washington state that they did not intentionally take part in the fraud.
13.08 / 20:01
UPS
Provident
VISA
Platform
Action
Chevron
Woodside rejects union claims it is looking for ‘scab’ labour
Trade unions claim Chevron and Woodside Energy are seeking to source “scab” labour to ward off the risk that a strike leads to a cut in gas production in Western Australia, escalating tensions amid the brewing industrial action.
13.08 / 14:09
VISA
Fighting
HAL
country
National
General view in US Congress that ties with India crucial for US' national security: Congressman Shri Thanedar
Ukraine crisis, visiting US Congressman Shri Thanedar said here on Sunday. Thanedar told PTI in an interview that there is a general view in the US Congress that Washington's relationship with New Delhi is very important for the national security of the US. The Indian-origin Congressman is part of a bipartisan group of US lawmakers who are in India to take part in several events including Prime Minister Narendra Modi's address at the historic Red Fort on August 15.
13.08 / 07:11
Provident
VISA
Action
Remark
Indian
70 Indian graduates sue the United States over H-1B denials based on employers’ fraud
According to a report by Bloomerg Law, these individuals, employed under a program for foreign graduates of US educational institutions, maintain their innocence regarding any employer misconduct. Nonetheless, they faced negative consequences for their associations without being granted the chance to present their side of the story. The lawsuit was filed in a Washington state federal district court. In a complaint, the Department of Homeland Security (DHS) is accused of denying H-1B specialty occupation visas to these workers, despite their lawful employment with reputable companies. Representing the plaintiffs, Jonathan Wasden, an attorney from Wasden Law, remarked that the DHS seemed to presume guilt for anyone connected to these companies, assuming involvement in fraudulent activities to attain visas or immigration advantages.
12.08 / 07:01
UPS
Booking
VISA
Parke
country
You can now apply for your UK visa at a hotel near you
UK visa at a hotel near you. VFS Global has entered into a strategic partnership with Tata-owned Indian Hotels Company and the Radisson Hotel Group. UK visa applicants in Bengaluru, Mangalore, and Visakhapatnam can now apply for their visas at the nearest Taj Hotel.
12.08 / 06:59
VISA
country
Indian
Hope China ensures circumstances that allow Indian journalists to operate: MEA
China would ensure circumstances that allow Indian journalists to stay in that country and report from there. The comments by External Affairs Ministry spokesperson Arindam Bagchi came when asked whether China has given visas to Indian journalists recently and if India is considering the same for Chinese reporters.
12.08 / 06:59
VISA
Align
awards
HANS
country
reform
Korea to prioritize Korean language ability as part of immigration reform
Korea prepares to welcome more foreign workers through its reformed immigration policy, greater emphasis will be placed on an immigrant's proficiency in the Korean language compared to other skills. The Ministry of Justice told The Korea Times that fluency in Korean would play a significant role in the issuance of E-7-4 visas. These visas, which grant permanent stay in Korea with an initial three-year period and unlimited renewals, are given to individuals who meet specific criteria including a minimum of four years of work experience. The Ministry stated that mastering the Korean language is fundamental for immigrants to assimilate into Korean society, paralleling the approach of other countries. To encourage this, higher points will be awarded to those with exceptional language skills who seek to switch to E-7-4 visas. This stance aligns with the direction set by Justice Minister Han Dong-hoon, who emphasized the primacy of language ability over even technical skills like welding. He emphasized that individuals proficient in Korean would receive substantial incentives. Han Dong-hoon also emphasized the urgency of immigration reform to embrace skilled foreign workers as a critical priority for Korea. Despite government efforts, the nation's birthrate continues to decline dramatically, prompting a need for harmonious coexistence with foreign labor. Han Dong-hoon stressed that Korea's future hinges on the development of a well-structured immigration system and cautioned against hasty implementation to prevent severe political divisions. He cited examples from various other countries to highlight the importance of careful planning.
11.08 / 13:43
UPS
VISA
show
Stay away from visa scammers, warns VFS
VFS Global has warned people individuals applying for Schengen visas that it does have not any say in the decision as well as timeline regarding their application. In an official statement, VFS said that timelines concerning the applications are entirely up to the respective governments.
11.08 / 12:29
Blockchain
Ethereum
VISA
Visa Completes Off-Chain Gas Payments Test Using Visa Cards
Payment solution giant Visa revealed that it has successfully completed initial tests that allow users to pay their on-chain gas fees directly in fiat money through Visa card payments.
11.08 / 11:27
Blockchain
Adoption
VISA
Tokens
gas fees
Visa explores crypto gas fees payments through cards
In a potential transformative move for users, Visa, the payments solution provider, is testing an innovative solution enabling on-chain gas fees to be paid using a Visa card.
11.08 / 08:43
Twitter
VISA
CEO
Platform
cover
social
elon
Twitter-turned-X CEO Linda Yaccarino focuses on winning back big brands on Elon Musk's platform
The new CEO of the company formerly known as Twitter says she’s spent much of the past eight weeks trying to get big brands back to advertising on the social media platform that’s been in upheaval since it was bought last year by Elon Musk
10.08 / 15:43
UPS
Digital
VISA
Mobile
country
foreign
India has highest number of foreign students in Germany: Ambassador Philipp Ackermann
foreign students in Germany are from India with over 42,000 students, a 25 per cent rise within a year, German Ambassador to India Philipp Ackermann said on Thursday. «Great! 42,000+ Indian students in Germany, 25 % more within one year.
10.08 / 14:05
Citizens
VISA
Airlines
country
boost
China Lifts Ban on Group Tours to U.S. and Other Countries, in Boost to Global Travel Industry
HONG KONG—China lifted restrictions on group tours to the U.S., Australia, South Korea and Japan on Thursday, a move that is set to boost global tourism after three years of pandemic restrictions. China’s Ministry of Culture and Tourism added almost 80 new destinations to a list of countries approved for group travel on Thursday, with immediate effect. The countries were the third batch of places that group tours led by travel operators can now visit, including some in East Asia that are among the most popular destinations for Chinese holiday makers.
10.08 / 10:57
Waves
FIVE
VISA
Airlines
TCS
‘India has moved from a savings economy to a spending economy & this is visible in travel’
macroeconomic factors impacting discretionary spending on travel. India will also see a per capita income moving from $2500 to $4000 in the next five years. While this looks small when compared to other nations, in absolute numbers, we are a 1 billion economy," he said.
10.08 / 08:15
UPS
VISA
Airlines
country
China lifts bans on group tours to US, Japan and other key markets
China has lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia in a potential boon for their tourism industries. The decision was announced by China's culture and tourism ministry on Thursday, effective immediately. Prior to the pandemic, mainland Chinese tourists spent more than any other country's tourists when abroad, clocking up a combined $255 billion in 2019 with group tours estimated to account for roughly 60% of that.
10.08 / 07:59
VISA
awards
AFR journalist recognised
Education editor Julie Hare has been awarded the Universities Australia Higher Education Journalist of the Year 2023 by the National Press Club.
10.08 / 06:57
Provident
VISA
LEH
country
Destinations
Weekend
independence day
Independence Day long weekend sets new trend for THESE tourist destinations
long Independence weekend is here: August 12 (Saturday), August 13 (Sunday), August 15 Independence Day (Tuesday), and August 16: Parsi New Year (Restricted Holiday) (Wednesday). You just need to take an off from your work on August 14, Monday, to explore different tourist places.
09.08 / 10:29
VISA
Career
Action
show
country
Time
US Green Card wait time for highly talented Indians increases further. Here's why
The US Citizenship and Immigration Services (USCIS) delivers a blow to EB-1 visa aspirants, primarily Indians, by retrogressing the final action date by by 10 years, according to August's visa bulletin. This setback delays visa issuance for skilled individuals. The move may disrupts plans, causing uncertainty in careers, studies, and family decisions.
09.08 / 03:43
Facebook
Cooper
VISA
Action
voice
Indian
Friend
Pakistan extends visa of Indian woman Anju by 1 year, who crossed border to marry her Facebook friend
Nasrullah, her now husband said that Anju's visa, which was earlier set extended for 2 months has now been extended for a year after their marriage, PTI has reported. Her original one-month visa which she had got when she came to Pakistan was also set to expire on August 20. "The visa of my wife Anju has been extended for a year after the provision of related documents to the Interior Ministry," said Nasrullah as quoted by PTI.
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