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PETALING JAYA: Consumer spending risks falling off a cliff as more Malaysians are retrenched or undertake pay cuts, according to experts.
More trained workers needed to attract new capital investments
WHILE it is important to set aside a portion of your income for your golden age, many find it hard to decide where to put their hard-earned money. Employees are often choosy and sceptical in selecting the right financial instruments to invest in, other than keeping their money in the bank.
Every now and then, we hear of friends and relatives leaving for greener pastures abroad. While we are happy that they are moving on, their leaving also leaves a lump in our throats. Last month, the issue of our people leaving was brought up again when about 300,000 left, double that of the previous year. Do we, as a nation, have the will power to stem the outflow of skills and talent, the building blocks of our country?
The Government should waive the RM300 fee per employee that employers or employees themselves must pay to enrol in the National Occupational Skills Standards (NOSS) programme, the Malaysian Employers Federation (MEF) said.