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KUALA LUMPUR, Aug 29 — Axiata Group Bhd’s net loss for the second quarter (2Q) ended June 30, 2023, widened to RM576.21 million from RM106.38 million recorded in the same...
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 increas...