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Tech-savviness, versatility among key qualities job seekers should have in a post-pandemic world — economists

KUALA LUMPUR (Jan 20): The resurgence of Covid-19 cases this month brings renewed uncertainty for Malaysia’s economic recovery path, and with that the prospects of the labour market.
Last week, the Department of Statistics Malaysia said Malaysia s unemployment rate rose a marginal 0.1 percentage point month-on-month to 4.8% in November 2020 – a five month high – with 764,400 people unemployed.
Subsequently, economists raised their forecasts for this year s unemployment rate, as they expect a slower recovery, following the reimplementation of the movement control order (MCO). UOB Malaysia has revised its jobless rate projection to 4% from 3.7% previously, while MIDF expects it to come in at 3.8%.
While businesses navigate fierce headwinds driven by the pandemic and seek ways to adapt their business to the new norm – like going digital by establishing online platforms – those seeking new jobs in this difficult period should equip themselves with the right skill ....

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Malaysia not alone in launching Covid-19 emergency

Saturday, 16 Jan 2021
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid (pic) says that the call for a state of emergency gives focus so that the necessary energy and resources can be directed towards efforts to curb the virus through the rollout of vaccination programmes.
THE state of emergency announced by Prime Minister Tan Sri Muhyiddin Yassin this week is not unique to Malaysia as several other countries have declared similar measures since last year to curb the pandemic.
One example is Italy, where this week, the government extended its “Covid-19 state of emergency” until the end of April. ....

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Minimal impact on economy

Federation of Malaysian Manufacturers president Tan Sri Soh Thian Lai said the business fraternity is glad that the proclamation of emergency will not impede business operations.
PETALING JAYA: It will be business as usual for industry players as the state of Emergency declared by the King will have a minimal impact on the economy, with no curfew involved.
Economists and business leaders said the state of emergency nationwide would address the country’s ongoing political uncertainties amid the worsening Covid-19 crisis, rather than derail economic recovery and business operations.
Speaking to StarBiz, MIDF Research economist Mazlina Abdul Rahman said the Emergency proclamation could provide space for the government to focus on revitalising the economy without intense political pressure.“This could facilitate the recovery process.The impact from the state of Emergency on our economy is very minimal due to business as usual. The concern about the impact to the econom ....

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