KUALA LUMPUR, Aug 5 ― Amid the ongoing Covid-19 pandemic which saw a decline across major economic sectors nationwide, eight states have recorded better gross domestic product (GDP) growth performance than the 5.6 per cent contraction seen at the national level in 2020. Department of Statistics.
Thursday, 05 Aug 2021 03:43 PM MYT
BY KENNETH TEE
Mohd Uzir revealed that the mean monthly salaries and wages received by Malaysian employees decreased up to 9.0 per cent from RM3,224 to RM2,933 in 2020. Picture by Yusof Mat Isa
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KUALA LUMPUR, Aug 5 ― The federal government’s move to introduce containment measures such as the movement control order (MCO) has had a profound negative impact on the salaries and wages level in Malaysia.
Department of Statistics Malaysia (DoSM) chief statistician Datuk Seri Mohd Uzir Mahidin revealed that the mean monthly salaries and wages received by Malaysian employees decreased up to 9.0 per cent from RM3,224 to RM2,933 in 2020.
Per capita income to rise, subject to economic recovery thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
Roeder says that enforcement alone is not enough to tackle illicit trade.
LOSS of jobs, salary cuts and reduced employment opportunities are causing financial difficulties for many consumers throughout Malaysia and this situation is set to fuel illicit trade exponentially, said global consumer advocacy group Consumer Choice Center (CCC) in a statement today.
The comment from CCC came following the recent Department of Statistics Malaysia’s (DOSM) Salaries and Wages Report 2020 that found median monthly salaries and wages recording a double-digit decline of 15.6% to RM2,062. In addition, DOSM also reported that Malaysia’s unemployed graduates rose by 22.5% in 2020.
“Consumers who are affected by the credit crunch will normally find alternative ways and means to cut their spending. This will naturally open up demand for illicit products that are cheaper as they are untaxed and unregulated.
TNB RESKILLING MALAYSIA: SUPPORTING BUSINESSES thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.