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Govt to eventually impose more foreign worker levies

KUALA LUMPUR: The government will eventually impose even more levies to reduce foreign worker count in selected industries, said Second Finance Minister Datuk Seri Johari Abdul Ghani.

Corporate News

It's high time for high quality and good paying jobs

KUALA 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.


Highlights of Bank Negara Malaysia Annual Report 2017

Economy to grow between 5.5% and 6% in 2018 versus 5.9% in 2017.

Corporate News

From made in China to created in China

THE email came barely two months before Christmas, in 2007. My editor wanted an article about manufacturing in China. Products being sold around the world were made in the country and he wanted to prick the conscience of consumers before the festive season shopping orgy began – so the focus was to be on labour conditions and the quality of products. Especially toys.


Australia keeps rates on hold, sounds dollar warning

Sydney: Australia’s central bank left interest rates at a record low on Tuesday with the board upbeat about the economy, while sounding a warning about the strength of the local dollar.

Corporate News

One start-up founder tries ‘unlimited’ pay

This comes amid battle for talent in technology sector

Corporate News

Higher inflation

THE already high cost of living is about to get higher in the coming months and Malaysians should brace themselves for it.


Asean needs mechanism to address forex volatility - economist

KUALA LUMPUR: Asean countries need to devise a mechanism to reduce volatility and address non-standardised foreign currency exchange rate in the region which could lead to expensive cross-border transactions and deter efforts to become a mega trading bloc, an economist said.


Australia’s central bank keeps rate steady

SYDNEY: Australia’s central bank on Tuesday marked a full year without changing interest rates, and many economists suspect rates could stay at record lows of 1.5% for yet another year as policymakers look to put the economy on a sustainable footing.


Australians curb spending as household debt balloons

SYDNEY: Australia's economy may have achieved a remarkable winning streak, avoiding a recession for 25 years, but there are now clear signs that the consumers who have driven much of the growth are running out of puff.