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Business

OCI shareholders vote for white knights

The boardroom tussle at OCI Bhd ended yesterday when shareholders voted for their white knights to join the board and remove the previous two directors.

Business

Minister: Firms with strong unions should be allowed to negotiate salaries than have a set minimum wage

Companies with strong union representation should be allowed to negotiate their salaries instead of having a government-set minimum wage of RM900, Human Resources Minister Datuk Seri Dr Fong Chan Onn said.

Business

MTUC urged not to resort to picketting to solve minimum wage issue

The Government hopes the MTUC will not go ahead with its plans to picket if its request for a minimum wage for the private sector is not met, Deputy Prime Minister Datuk Seri Najib Tun Razak said.

Business

Cautious stand on FTA talks

Free trade agreements with the US have affected many countries adversely. There is a need to be cautious in negotiating such an agreement.

Business

Govt planning to revamp Employment Act

The Government is looking at revamping the entire Employment Act 1955 to enable flexible employment conditions and to adjust to the welfare needs of employees.

Business

Better benefits for retrenched workers being planned

Retrenched workers will be able to get allowances to last them from six months to a year once the proposed Retrenchment Compensation Scheme is finalised.

Business

Labouring over foreign labour

Today, Malaysia is one of Asia's largest importers of foreign labour (I>Harakahdaily.net/I>, April 10 2005). According to I>Harakahdaily.net/I>, out of a workforce of 10.5 million, foreign workers total 2.6 million.