Tag - foreign workers supply

Pessimism Prevails For Economy In Near Term, Sentiment Picks Up For 2018, says ACCCIM

“Attention should be focused on the issues that businesses face, as their adverse performance could have a significant impact on the economy. “Other concerns include a shortage of foreign workers in the country, which continues to impact the economy.

datuk-ter-leong-yap

The local Chinese business community is optimistic of a turnaround in the Malaysian economy in 2018, when conditions are expected to improve.

However, the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) said businesses surveyed showed pessimism this year and for 2017.

“The level of pessimism is somewhat reduced for 2017 and there is greater confidence in the economy by 2018,” it said, in its survey report on the economic situation for the first half of the year.

For the first six months of 2016, sales performance deteriorated in the manufacturing sector, in contrast with an improvement in the sales performance for businesses in the wholesale and retail sector.

The local Chinese business community is optimistic of a turnaround in the Malaysian economy in 2018, when conditions are expected to improve.

The local Chinese business community is optimistic of a turnaround in the Malaysian economy in 2018, when conditions are expected to improve.

Performance isn’t expected to improve in the near term, as businesses expect to experience ‘poor collections’ based on challenging conditions and cash flow issues.

The latest figures are in tandem with the growth pace of the Malaysian economy, which grew by 4.1 per cent in the first half of the year.

Private sector activity continues to be the main engine powering the growth.

“Attention should be focused on the issues that businesses face, as their adverse performance could have a significant impact on the economy.

“Other concerns include a shortage of foreign workers in the country, which continues to impact the economy, according to ACCCIM president Datuk Ter Leong Yap.

He urged the government to lift the freeze on foreign workers, saying most businesses are still facing labour shortage issues, resulting in a reduced ability to accept new orders or to operate manually.

The government has opened four sectors (manufacturing, construction, plantations and furniture-making industries) for application to employ foreign workers.

News Source: NST

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Mega Projects Need Foreign Workers: PKMM

The mega development projects that are planned for the convenience and well-being of the people need the help of foreign workers to make it materialise, according to a contractor association.

dato_mokhtar samadMalay Contractors Association (PKMM) president Datuk Mokhtar Samad said as such the recruitment of 1.5 million Bangladeshi workers was timely to ensure that the projects would be completed as soon as possible.

These include DUKE Highway, MRT2, LRT3, Sungai Buloh Township, Gemas-Johor Baru Electrified Double Tracking Railway and PR1MA housing projects.

“The construction industry is very dependent on the participation of foreign workers of about 93%,” he said in a statement here today.

He was commenting on Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi’s statement that the workers were being brought into the country on the request of industries in the sectors permitted, not because the government wanted it.

In another development, Mokhtar urged the government to reconsider the new levy rate for foreign workers so that all parties would not be burdened and benefit from it.

The government announced that effective on Feb 1, the levy rate for foreign workers in the manufacturing, construction and service sectors would be raised to RM2,500 per person, while those in the farming and agricultural sectors, to be increased to RM1,500 per person.

The restructuring, however, did not involve the levy rate for foreign maids, which was set at RM410 per person. – Bernama

News Source: The Sun Daily