ALTHOUGH the income levels of Malaysians have increased significantly over the years, voices of discontent are mounting over the decline in purchasing power. Low and depressed salaries are among the grouses of executives and non-executives amid the apparent lifestyle changes of Malaysians. With the rising cost of living, they lament that there is now less […]
Read MorePETALING JAYA: Malaysia needs to accelerate the adoption of digital technology to spur economic growth and bring more benefits, especially as the pace of digitalisation picks up around the world “Malaysia must aspire to become a frontrunner on the digital front to fully unlock the economic benefits,” Bank Negara said. According to World Bank findings, […]
Read MoreKUALA LUMPUR: The domestic economy and the income levels of Malaysians are being weighed down by the high numbers of low-wage foreign workers, according to Bank Negara. Governor Tan Sri Muhammad Ibrahim said the country should cut back on its foreign worker dependency to drive higher wages for Malaysians across-the-board. He also cautioned that Malaysia […]
Read MorePETALING JAYA: For Malaysia’s economy to move up the value chain, it needs to diversify into more complex industries. Bank Negara said that to enable this, the Government’s focus should be directed towards modernising and augmenting the supporting ecosystem of important industries. “The strategy should centre on four key pillars which are proven enablers of […]
Read MorePETALING JAYA: Bank Negara is recommending that employers provide a living wage that better reflects the cost of living. The central bank had commissioned a report based on a survey of the cost of living in Kuala Lumpur. The survey showed that in Kuala Lumpur, the provisional estimates of a living wage ranged between RM2,700 […]
Read MoreTHE growth of e-commerce has certainly boosted the courier services industry. Reports note an increase in the number of items that are being delivered annually, not just in Malaysia, but globally. In its Courier and Express Delivery UK 2017 report, research firm Mintel noted a significant rise in delivery in the UK. “While the number […]
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