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'Provide decent accommodation or face legal action' - Vimarsana News

'Provide decent accommodation or face legal action'

MUAR: Employers have been urged to comply with the requirements stated in Act 446 to provide decent accommodation for their foreign workers, especially during the Covid-19 pandemic. Director of the Legal and Enforcement Division of the Labour Department of Peninsular Malaysia (JTK), Zaini Yaacob, said the government would not compromise with any employer who ignored or failed to comply with the requirements and specifications of the Workers’ Minimum Standards of Housing and Amenities Act 1990 (Act 446). “For one, the employer will be subject to legal action under Section 24D (1) of Act 44...

Govt sets SOP for temporary on-site quarters for construction workers - Vimarsana News

Govt sets SOP for temporary on-site quarters for construction workers

Govt sets SOP for temporary on-site quarters for construction workers A - The Ministry of Housing and Local Government (KPKT) has prepared a standard operating procedure (SOP) for construction firms applying to build temporary on-site housing for their workers following a spike in Covid-19 cases. Its minister, Zuraida Kamaruddin said this was to support the enforcement of the Workers’ Minimum Standards of Housing and Amenities (Amendment) Act 2019 (Act 446), which is expected to curb the spread of disease in line with the International Labour Organisation’s (ILO) Recommendation 115 (Worke...

Zuraida: Enforcement of relevant legislation at workers' housing expected to curb spread of disease - Vimarsana News

Zuraida: Enforcement of relevant legislation at workers' housing expected to curb spread of disease

Housing and Local Government Minister Zuraida Kamaruddin KUALA LUMPUR: Enforcement of the Workers' Minimum Standards of Housing and Amenities Act (Amendment) is expected to help curb the spread of diseases, says Zuraida Kamaruddin. The Housing and Local Government Minister added that this is also in line with the International Labor Organization (ILO) Workers Housing Recommendation 1961. "Throughout the Covid-19 pandemic, a number of construction site clusters were detected. This shows that construction workers are a high risk group for Covid-19 infection, especially foreign workers, ” she ...

Here's what Top Glove has to say about sustaining its super profits - Vimarsana News

Here's what Top Glove has to say about sustaining its super profits

KUALA LUMPUR (Dec 12): The world's largest rubber glove maker Top Glove Corp Bhd's latest record-breaking net profit surged past RM2 billion, backed by strong demand for gloves in both developed and emerging markets, thanks to the pandemic. But behind this super profit, the group has been dogged by issues ranging from import bans in the US market over allegations of forced labour, a surge of Covid-19 infections among its workers that has halted half its production capacity, and possible legal action by Malaysian authorities for housing its workers in cramped and poorly ventilated accommodatio...

ESG issues weigh on Top Glove's valuations - Vimarsana News

ESG issues weigh on Top Glove's valuations

KUALA LUMPUR (Dec 10): The environmental, social and governance (ESG) issues afflicting Top Glove Corp Bhd have led to analysts revising the company’s valuations. CGS-CIMB, while maintaining its “add” call for Top Glove, has cut its target price (TP) on the rubber glove giant by 11% to RM8.90 per share from RM10 previously. This cut is premised on a lower price-to-earnings (PE) ratio of 16 times for calendar year 2022 (CY22) from 17 times previously. “We cut our TP to RM8.90 based on 16 times CY22 P/E, -0.5SD (standard deviation) of its five-year mean (previously 17 times P/E). Th...