Malaysia records higher labour productivity
Malaysia’s labour productivity grew 3.5% to RM78,218 in 2016 from RM75,548 in 2015. International Trade and Industry Minister, Datuk Mustapa Mohamed announced this at the launch of the Malaysia Productivity Corp’s (MPC) 2016/2017 productivity report. MPC is an agency under his Ministry. MPC said: “Productivity remains the main driver of Malaysia’s economic development as reflected in various strategies of the 11MP (2016-2020).” “Malaysia’s approach to productivity will shift from the primarily Government-driven initiatives at the national level to targeted actions across the public sector, industry players and individual enterprises, with champions identified to become role models of change and ensure buy-in across various stakeholders,” MPC said.
More Recruitments in IT and Telecommunications Industry
Online recruitment for information technology (IT), telecommunications, and IT-based business processes industry grew by 12 per cent in April compared to the same month last year. According to the Monster Employment Index (MEI) Malaysia released by Monster.com today, online hiring by the oil and gas industry also grew by 11 per cent year-on-year (y-o-y) in April, while hiring in production/manufacturing, automotive and ancillary increased by six per cent. Monster.com Asia-Pacific and Middle East Managing Director, Sanjay Modi said among the occupational groups monitored by MEI, sales and business development roles were most in demand, registering nine per cent y-o-y growth in online hiring.
High-level talks come as growing economic links with China stir debate in Malaysia
A high level delegation from Malaysia and China are set to meet in the coming days to push ahead with proposals for the construction of three new ports along the Straits of Malacca and the development of the Bandar Malaysia project. The high-powered 35-member Chinese delegation, headed by China’s Public Security Minister Guo Shengkun, is scheduled to hold negotiations tomorrow with Malaysian Deputy Prime Minister and Home Minister Datuk Seri Ahmad Zahid Hamidi on funding options and implementation timelines for the projects.
