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KUALA LUMPUR (June 14): There is a need for Malaysia to recognise the fact that the labour data, and a great deal of the productivity data, are actually quite misleading in order to grasp the actual economic situation, said economist Dr Jomo Kwame Sundaram.
Protesters hold up the three finger salute with signs calling for the release of detained Myanmar civilian leader Aung San Suu Kyi during a demonstration against the military coup in Yangon on February 16, 2021. - AFP KUALA LUMPUR: There are no specific indications of Malaysian businesses pulling out of Myanmar following the coup early this month but some might rethink the decision if the situation worsens, said vice president of the Malaysian Economic Association Dr Evelyn S. Devadason. The University of Malaya professor said Myanmar is also highly unlikely to be an investment choice for new...
Foreign labour blunder Pix for representational purpose only. PETALING JAYA: Two proposals – one to impose new conditions on the recruitment of foreign workers and another to raise the levy on them – have been quickly shot down by stakeholders and experts. Rather than helping to solve the labour problem in Malaysia, they will only increase costs to businesses and even disrupt supply chains, both of which are unaffordable, especially in times of crisis. Malaysia’s over-dependence on foreign labour cannot be overstated. The 3D (dangerous, difficult, dirty) jobs are almost entirely tak...