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Hitting the reset on labour

MALAYSIA’s rehabilitation for its addiction towards cheap foreign labour is now long overdue.
Covid-19 has come to disrupt the supply since last year and the withdrawal symptoms have already started to crop up.
The road to addiction may have very well started in the 1980s during Malaysia’s journey of industrialisation and economic growth where the temporary solution to meet the severe labour shortage was foreign workers.
The Medan Agreement was inked in 1984 for plantation and domestic workers while the later part of the 1980s would see the green light given to recruit workers from the Philippines, Thailand and Bangladesh. It was not really a problem, or at least those who tread the corridors of power did not seem to think it was, until Malaysia tried to climb the high-income ladder. ....

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Stepping stone to a career in accountancy

ACCA launched its Foundation in Accountancy (FIA) campaign entitled FIA-1-Million aimed at providing 1,000 students with financial assistance through its 17 approved learning partners.
IT is no secret that the Covid-19 pandemic has changed how we live the world over. While we adjust to the new normal, students who received their SPM results are to answer the same questions as many of us have before: “Now that SPM is over, what’s next?”
Students with the propensity for numbers, however, might take solace to discover that the Association of Chartered Certified Accountants (ACCA) has launched its foundation in accountancy (FIA) campaign entitled FIA-1-Million. ....

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Global economy bouncing back after covid19

Global economy bouncing back after covid19
8 Hrs Ago
In this December 24, 2020, people do their Christmas shopping on Charlotte St, Port of Spain. According to the latest ACCA and IMA GECS survey, the global economy is bouncing back in terms of confidence, orders, employment and spending. - Photo by Ayanna Kinsale
The global economy is bouncing back in terms of confidence, orders, employment and spending, according to the latest ACCA and IMA Global Economic Conditions Survey (GECS).
The survey of 1,000 senior accountants and finance professional across the world recorded the biggest jump in economic confidence this first quarter (Q1) in the 12 years it has been running. The balance of those more optimistic minus those less optimistic increased by 26 points in this survey. ....

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Global economic confidence rebounds among accountants

Global economic confidence rebounds among accountants
accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.

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Sharper contraction of India's GDP expected in FY21

Sharper contraction of India s GDP expected in FY21
By
IANS
|
Published on
Wed, Feb 10 2021 20:42 IST
|
0 Views
India s FY21 GDP now expected to contract by 7.8%: Ind-Ra. Image Source: IANS News
New Delhi, Feb 10 : The Indian economy is likely to witness a sharper contraction in the current fiscal as the Global Economic Conditions Survey shows that it is likely to contract by around 10 per cent, higher than the official estimates.
Official estimates project a contraction of around 7 per cent in FY21.
The survey, conducted by the Association of Chartered Certified Accountants and the Institute of Management Accountants, noted that South Asia has been hit hard by the pandemic as economies reliant on services and tourism are prevalent in the region. ....

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