New measures announced by the Malaysian government will help preserve more jobs, says the SME Association of Malaysia.
Malaysia saw an improvement in its unemployment rate after the progressive reopening of economic sectors in May.
The deployment of 5G would contribute up to RM12.7 billion between 2021 and 2025 to the Malaysia's economy.
The Recovery Movement Control Order (RMCO), which had been slated to end on August 31, will now be extended to the end of 2020.
As of January 31, 2020, a total of 276, 176 entities are registered with the Companies Commission of Malaysia as online businesses.
The human resources ministry in Malaysia is working to reduce cases of local and foreign workers losing their jobs through the redeployment initiative
This is in line with a 17.1% contraction of the economy in the same quarter, as total hours worked dropped because of COVID-19.
Not since the Asian financial crisis of 1998 has the country experienced such a toll on its economy.
The RM1.5 billion programme was introduced to help workers who have been displaced by the COVID-19 pandemic find jobs.
Malaysia’s economic recovery will depend on SMEs getting back on their feet, suggested Malaysia’s International Trade and Industry Minister.
The country’s HR Minister reassured local citizens will be given priority when it comes to any available job openings.
Less than 20% of SMEs expect their business to recover within the next three months, a new survey has revealed.
Without an extension of a loan moratorium, many SMEs are at risk of closing down, warned the Federation of Malaysian Manufacturers.
The Malaysian government has taken steps to help displaced workers find employment by introducing a hiring incentive and training assistance programme.
Despite the record unemployment rate, there are signs of economic recovery in the Southeast Asian country.
More than half of them also believe that their employers' existing training and re-skilling programmes are not adequate.
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Despite the optimism, there are still concerns among Malaysian workers that automation is putting their jobs at risk.
Despite the jobs saved, Malaysia's unemployment rate is expected to increase in the coming months due to the impact of the COVID-19 pandemic.
Employees said they will only be comfortable going back to their offices if a treatment or vaccine is found, according to a survey.
10 million small businesses across Asia-Pacific will participate in Visa’s global programme designed to meet demand for cashless payments.
Businesses in South-east Asia, Australia and Newland are prioritising improving ICT and security resilience for business continuity plans.
Their top reason for doing so is that being an entrepreneur would give them more opportunities, according to a Randstad survey.
A new KPMG survey indicates that 69% of workers in Malaysia want to continue working from home post MCO.
Under the recovery phase, the majority of business activities and economic sectors will reopen in phases, with SOPs to be adhered to.
As of May 17, more than 65% of Malaysia’s workforce have returned to work, according to Malaysia’s finance minister.
A JobStreet survey also revealed that 35% have suffered a pay cut of more than 30% during the ‘Movement Control Order’ period.
Employers in Malaysia will be given a three-month grace period to make arrangements before enforcement starts on September 1.
The Samsung-backed HR Tech startup now serves over 8,000 clients across Taiwan, Singapore and Malaysia, and plans to continue its expansion into the Asia-Pacific region.
The programme will help support more Malaysian businesses and protect jobs that are affected by the COVID-19 pandemic.