Business groups: Self-test kits timely, hope for cost control 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.
Center for Market Education Sdn Bhd chief executive officer Carmelo Ferlito (pic) says the reliance on cheap labour is not the main problem.
WHILE the wage-to-gross domestic product (GDP) ratio of many advanced economies has been declining over the years, Malaysia is still playing catch-up despite seeing steady growth since 2005.
According to a 2019 paper by the International Labour Organisation (ILO), globally, the share of national income going to workers is falling, from 53.7% in 2004 to 51.4% in 2017.
Comparatively, the contribution of compensation of employees to Malaysia’s GDP increased to 35.9% in 2019 against 35.8% in 2018, according to the Statistics Department.
According to the Asian Development Bank Institute, the steady increase can be attributed to the growing importance of more traditional service sub-sectors and small and medium enterprises in the economy.
Most Malaysians unlikely to switch jobs during pandemic 16 Jul 2021 / 11:00 H.
PETALING JAYA: To have a job in these difficult economic times is a blessing, and Malaysians are well aware of that.
A large proportion of them who are still employed now are more likely than ever to stay put rather than seek their fortunes elsewhere.
This is to be expected given the sense of uncertainty that has led to many employers freezing recruitment, according to human resource manager Srithren Krishnan.
Compared with their counterparts in other parts of Asia, Malaysians are most likely now to cling to their current employment.
Friday, 16 Jul 2021 11:41 AM MYT
A health worker puts a test tube into biohazard plastic after collecting a sample for Covid-19 testing in Jalan Pudu, Kuala Lumpur, January 18, 2021. Picture by Shafwan Zaidon
Follow us on Instagram and subscribe to our Telegram channel for the latest updates.
KUALA LUMPUR, July 16 ― The government should look for a more relevant and accurate measure to assess the local Covid-19 situation, rather than just relying on the number of daily recorded infections to determine the lockdown, said the Malaysian Employers Federation (MEF).
Its president Datuk Syed Hussain Syed Husman said Malaysians cannot continue to live in fear of Covid-19 and remain in prolonged lockdown conditions indefinitely because businesses and the rakyat are approaching the breaking point.
File pic: Armed Forces personnel put up barbed wire fencing.
KUALA LUMPUR: The government should look for a more relevant and accurate measure to assess the local COVID-19 situation, rather than just relying on the number of daily recorded infections to determine the lockdown, said the Malaysian Employers Federation (MEF).
Its president Datuk Dr Syed Hussain Syed Husman said Malaysians cannot continue to live in fear of COVID-19 and remain in prolonged lockdown conditions indefinitely because businesses and the rakyat are approaching the breaking point. The lockdowns have also had a horrifying impact on the mental health of many Malaysians, with cases of suicide, crime, domestic violence, depression and homelessness rising rapidly.