AS the global economy continues to recover, labour force is improving, albeit at a slower pace. Global unemployment in 2018 is projected around 5.5%, slightly better than 2017’s reading of 5.6% on the back of a better global GDP outlook, with an expected growth of around 3.6% in 2018 from 3.3% in 2017. Youth unemployment, […]
Read MoreKUALA LUMPUR (Aug 2): The minimum wage rate of RM1,500 expected to be gazetted this month has received mixed reactions from different organisations within the country. Malaysian Trade Union Congress (MTUC) president Datuk Abdul Halim Mansor said it fully supported the increase in minimum wage increase over the next five years, provided there was no […]
Read MoreKUALA LUMPUR: Grab Malaysia has seen a reduction in the registration of new part-time drivers following the regulations imposed by the Ministry of Transport (MOT) on ride-hailing companies. Country Head Sean Goh said the number of new part-time drivers had decreased, but he is positive this situation will eventually recover. “It is normal that during […]
Read MoreKUALA LUMPUR: Exports expanded by 7.6% year-on-year (y-o-y) to RM78.66bil in June, extending its growth for four consecutive months, driven by electrical and electronic (E&E) products, while China continuing to be a strong market. However, the increase in exports was below a Bloomberg survey of 11.5%. RAM Ratings expected Malaysia’s export growth to pick up […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures rose over 1 percent on Wednesday evening, a third straight day of gains, on the back of technical buying and as the market turned bullish on forecasts that the world’s top palm importer India is likely to receive below-normal monsoon rains in 2018. The benchmark palm oil contract for October delivery on the Bursa […]
Read MoreUS PRESIDENT Donald Trump may well be the best thing that’s happened to Southeast Asia’s humble electronics industry in quite a while. Relatively small, and frankly not as sexy as their North Asia cousins, makers of components and devices with factories dotted around the region may get some time in the spotlight thanks to the […]
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