
Malaysia’s Unemployment Rate on a Downward Trend
The nation's unemployment rate declined in February 2022 to 4.1%, or 671,800 people, compared to January’s 680,400.
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The nation's unemployment rate declined in February 2022 to 4.1%, or 671,800 people, compared to January’s 680,400.
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The problem of labour shortage proceeds to affect business productivity and recovery, which could lead to layoffs as companies try to minimise operation losses.
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According to LinkedIn, the top 3 employers in Malaysia in 2022 are Petronas, Maybank and Bosch.
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The prime ministers of Singapore and Malaysia just announced that the land border between both countries will fully reopen starting April 1.
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The HR ministry has tabled the Employment (Amendment) Bill 2021, which seeks to expand existing provisions in the Employment Act to all workers, regardless of their salary.
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PM Ismail Sabri Yaakob announced that the new minimum wage of RM1,500 will take effect on May 1. The increase will only involve private sector companies with five employees or more.
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Prime Minister Ismail Sabri just announced that Malaysians will be able to make a special withdrawal of RM10,000 from their EPF retirement savings account.
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Social Security Organisation (Socso) expects the job market to return to the pre-pandemic level soon, with strong economic catalyst, stability, as well as full economic reopening.
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The government will amend Section 81F of the Employment Act 1955, which concerns complaints on sexual harassment, increasing the fines from RM10,000 to RM50,000.
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According to the Federation of Malaysian Business Associations, Malaysia should put in place a system to prevent workers from changing jobs frequently. What do you think about this proposal?
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