Malaysia’s economy remains resilient
KUALA LUMPUR: Malaysia’s economy remains resilient anchored by domestic-oriented activities and will continue to be supported by labour market conditions and investments moving into next year, said Bank Negara Malaysia (BNM) governor Datuk Abdul Rasheed Ghaffour. He said the labour market conditions, particularly employment and wages, have continued to improve, supporting households’ ability to spend. […]
EPF hike threatens unskilled workers
KUCHING: The proposed increase in employers’ Employees Provident Fund (EPF) contribution from 13 per cent to 20 per cent could make it harder for the labour market to recover. Centre for Market Education (CME) economist Carmelo Ferlito said that the move adds to the already difficult task of finding jobs for people without specialised skills. […]
Nation’s unemployment rate dips 3.5 pct
KUCHING: The Department of Statistics Malaysia (DOSM) reported that the nation’s unemployment rate dipped to 3.5 per cent with 591.9 thousand unemployed persons as of Feb 2023. On the overall performance of the month, chief statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said that the position of the country’s labour market continues to be […]
Labour market remains in tight spot
KUCHING: Malaysia’s labour market is foreseen to remain in a challenging situation in the earlier part of this year. This is attributed mainly to the continuous spike in positive Covid-19 cases, exceeding an average of 3,200 cases daily in January. The impact of the pandemic to the labour market, however, is expected to be cushioned […]
Unemployment rate still in a downward spiral
KUALA LUMPUR: The country’s unemployment rate continues to record a downward trend from 5.3 percent or 826,100 people last May to 4.6 percent or 737,500 in September, the Dewan Rakyat was told today. Human Resources Minister Datuk Seri M. Saravanan said the unemployment rate in December is expected to decline to 4.5 percent and that the trend […]
