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GEORGE TOWN: Some factories in Penang are suspending and downsizing their operations and workforce, says InvestPenang director Datuk Seri Lee Kah Choon.
GEORGE TOWN: Some of The Federation of Malaysian Manufacturers (FMM) Penang members have experienced a slowdown in their business in the past two to three months.
KUALA LUMPUR: The monthly income of RM2,700 published in Bank Negara Malaysia's (BNM) 2017 Annual Report is a provisional estimate of a living wage for a single adult in the capital, which does not refer to the median income.
Plantation, manufacturing seen hurt most by latest minimum salary proposal
The government has yet to decide on an unemployment insurance scheme as the feasibility study is still ongoing, said the Minister of International Trade and Industry and the Minister of Human Resources.
BESIDES the proposal to increase the retirement age for the private sector, the Government should also come up with measures to overcome the problem of inadequate retirement savings. Among the ideas being talked about is a workable annuity scheme.
PETALING JAYA: The Employees Provident Fund (EPF) will invest £1bil (RM4.88bil) in properties in the UK, the pension fund said in a statement yesterday.
As the global economic recession bites, the plight of workers have become louder. Increasing worries over job security have contributed to a big drop in consumer sentiment as more Malaysians start to lose their jobs.
Government jobs are looking more attractive in these volatile times due to the security and stability they offer compared to the private sector.
There was another twist at the OCI Bhd EGM yesterday when some 20 employees of the company turned up with a representative from the Malaysian Trade Union Congress (MTUC), demanding that their rights be preserved.