ASEAN CEOs Confident of Companies’ Prospects Over Next 12 Months
A survey by global audit firm, KPMG, revealed that 94 per cent of ASEAN chief executive officers (CEOs) are confident of their companies’ prospects over the next 12 months. This is higher than the global average, where only 83 per cent of CEOs are confident with their companies over the same period of time. This confidence is again reflected in the sizeable proportion of CEOs in ASEAN (75 per cent) who expect to increase their headcount by up to five per cent in the next 12 months while globally, only 39 per cent of global business leaders are planning to do the same.
PIKOM Projects 6.7% Growth In ICT Average Monthly Salary For 2017
The National Information and Communications Technology (ICT) Association of Malaysia (PIKOM) has projected an average monthly salary growth rate for all ICT job categories this year at 6.7 per cent from 4.6 per cent in 2016, backed by a positive economic performance. “However, the projected overall average monthly salary for all categories this year will still be lower than the average annual growth rate of 7.3 per cent recorded between 2009 and 2016,” said Research Committee Chair, Woon Tai Hai. He was speaking at the launch of the 10th edition of the ICT Job Market Outlook in Malaysia.
Malaysia’s Economic Growth To Continue Momentum Between Aug-Oct 2017
Malaysia’s economic growth is expected to continue its momentum to between August to October 2017. The Department of Statistics Malaysia said this is supported by the annual change of Leading Index (LI) and Coincident Index (CI) which remained favourable in April 2017. “The annual change of LI, which monitors the economic performance in advance, increased 1.4 per cent in April ,” it said.
Mustapa Urges More Funds For Technology Start Ups, Scale Ups
International Trade and Industry Minister Datuk Seri Mustapa Mohamed has called on government linked companies (GLCs) and private venture capitalists to allocate more funds for local technology start ups and scale ups. He said Malaysia had a lot of capable and innovative start ups and scale ups that badly needed funds, but the lack of promotion and marketing activities, curbed their potential for growth. Currently, there are over 400 start ups and scale ups, most of which are primarily grouped as Digital Economy components.