Tag - foreign workers

Malaysia Foreign Workers Speak Of Their Despair: Samsung Only Knows How To Take

It is eight o’clock in the industrial area of Port Klang, an hour’s drive west of Kuala Lumpur, and the entrance to the Samsung factory is heaving with workers. As hundreds of men and women foreign workers pour out of the factory gates into the clammy air, hundreds more file in to start the night shift.

Outside the factory gates, those who have finished their shift crouch on the pavement in the evening heat, their faces reflecting the glow of their mobile phones as they wait for the fleet of buses that will take them back to their accommodation. Among them is 18-year-old Aakash Bhandari, who sits slumped on the side of the road, exhausted after 12 hours on his feet.

Bhandari is just one of the 2,000 people working at this Samsung factory, a non-stop operation churning out microwave ovens sold to consumers across the world. There are an estimated 2.1 million documented migrant workers like Bhandari in Malaysia, many of them hired through third-party foreign worker supply companies who recruit labour workers from Nepal, Indonesia, India and Bangladesh to drive Malaysia’s industrial boom.

Bhandari is a long way from his village in the remote hills of western Nepal. Back home, a series of family tragedies and debt led him to drop out of school and look for work abroad. Malaysia is a notoriously dangerous place for migrant workers, but a recruitment agent in Nepal told him he’d be working for Samsung, one of the world’s biggest brands.

“[The agent in Nepal] told me it was a [Samsung] mobile phone factory where I would only have to pack mobiles … but I am making microwaves and it is very difficult,” says Bhandari.

Now he’s in Malaysia, Bhandari’s recruitment debt – and the 60% interest loan he took to pay it – has a stranglehold on the teenager.

“When you go to the recruitment agent, they promise a certain salary and assure you that you will be able to pay back your loan and earn money, but when you get here you find it’s impossible to pay the money back, even if you stay here for two years,” he says.

This debt is keeping him at the factory – that and the pressure to pay it back and send money home to his family, who have pinned all their prospects on his earning potential in Malaysia.

“In Kathmandu the agent told me, ‘If you don’t like the work we’ll change your company…’ That is why I came … [but now] he says I have to give him 20,000 rupees [£150] to change jobs.” This additional payment is impossible for him to afford.

Bhandari is not alone. A group of workers employed by the same labour supply company stop to talk to the Guardian before they start their night shifts. They also feel they have been duped and deceived by their labour supply company into taking on huge debts to come and work at the Samsung factory.

Some say the labour supply company had assured them they would receive £315 a month basic salary. However, when they were handed their contract shortly before leaving Nepal, it promised only £268 a month, including overtime.

Another man – 34-year-old Ram Bahadur – says he was ushered into a side room in the offices of his recruitment agency in Kathmandu just hours before he was due to leave for Malaysia and told he must pay a further £340 on top of the £870 he had already paid for his job.

“You’ve cheated us!” shouted a furious Bahadur. The agent calmly asked the men to put their hands up if they no longer wanted to go. No one did. “We had no money left,” says Bahadur. “How could we return to our homes empty-handed? So we had to go.”

The men say the only answer is to put in punishing hours of overtime in an attempt to boost their paychecks. 12- to 14-hour days are the norm in much of Malaysia’s electronics sector. A payslip seen by the Guardian shows Bhandari worked 29 out of 30 days in September, including 65 hours of overtime.

“The work is extremely difficult,” says another worker at the Samsung plant, Rabi Tamang. “You get only 45 minutes in a 12-hour shift to eat and seven minutes every two hours to drink water.”

The men say they can expect little help from their supervisors at the labour supply company either. “Old timers say if we speak up a lot, they will get someone to beat you up, or they will transfer you to a worse place,” says one man working at the Samsung plant.

Many of the group now want to leave, if only they could. They say their passports were all confiscated on arrival in the country, an illegal but pervasive practice, and they have been told they will have to pay £740 if they want to go – the equivalent of four months’ basic salary.

Bhandari does not know if the labour supply company will allow him to return to Nepal, but even if he could, it is not an option for him. “We have problems at home so either I’ll have to pay the agent to work for another company, or run away and find work illegally outside,” says the teenager. “I don’t have any other choice.”

Samsung officially bans suppliers from charging foreign workers recruitment fees or confiscating passports and, as a member of the Electronics Industry Citizenship Coalition (EICC) has also pledged to repay worker recruitment debt.

When asked whether Samsung had repaid any worker debts at the factory, one man employed directly by Samsung instead of through a labour supply company says he hasn’t received any compensation.

“Samsung doesn’t know how to give,” he says. “It only knows how to take.”

A Samsung statement said: “As a committed member of the Electronics Industry Citizenship Coalition (EICC), we comply fully with the EICC’s Code of Conduct and have found no evidence of violations in the hiring process of migrant workers hired directly by our manufacturing facility in Malaysia. Once there is any complaint, we take swift actions to investigate.

“We are currently conducting on-site investigations of labour supply companies we work with in Malaysia and the migrant employees hired by these companies. If any violations are uncovered, we will make immediate corrective actions and moving forward we will suspend our business with companies that are found to be in violation.”

News Source: The Guardian

 

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New Rulings for KL Businesses From Jan 1, 2017

At least 50% equity in all businesses in Kuala Lumpur must be owned by Malaysians starting next year, said Kuala Lumpur City Hall (DBKL) executive director (Socio-Economic Development) Datuk Mohd Sauffi Muhamad.

He said businesses that failed to do so will have their business premises licence revoked.

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A business owner raising her concerns during the dialogue.

 “The Companies Commission of Malaysia currently allows businesses with only 1% of its equity held by Malaysians. We fear a situation where Malaysians will soon have to work for the foreigners.

“Besides that, we also want all businesses to have at least 50% Malaysian staff.

“These moves are to curb the monopolisation by foreigners in businesses, especially in critical areas including Jalan Tun Tan Siew Sin, Leboh Pudu, Bukit Bintang, Medan Pasar, Pusat Bandar Utara, Jalan Chow Kit, Leboh Ampang, Petaling Street, Kuala Lumpur Wholesale Market, Selayang Daily Market, Chow Kit Market, Pudu Market and Keramat Market

“It has come to a point for us to make a radical decision before the situation gets out of hand.

“I am not denying that it will be a difficult to adapt to the changes but I hope the local business community will support this initiative,” he said after a dialogue with the traders and hawkers in Menara DBKL on Nov 24.

Mohd Sauffi said since 2012 to October this year, DBKL enforcement unit had confiscated items from 23,553 foreign hawkers and 544 local hawkers’ licences were revoked for using foreign services during that period

“DBKL has never issued hawkers licence to foreigners and hawkers are strictly forbidden from hiring foreign helpers.

“As of October this year, DBKL has identified 7,400 foreigners working for Malaysian hawkers, who are now at risk of having their licences revoked.

“DBKL has formed a task force to engage the business community over the new licence conditions and educate them on what can and cannot be done.

“From Jan 1, we will go all out to enforce the new rulings,” he said.

Also present at the dialogue was Immigration Department enforcement director Datuk Jaafar Mohamed and DBKL Licensing and Petty Traders Management director Datuk Ibrahim Yusof.

Jaafar said there were two million registered foreign workers and based on his estimation, there were about 600,000 illegal foreign workers in Malaysia.

“In 2015 and 2014, a total of 245,000 and 179,000 illegal foreigners were sent back to their home countries, respectively.

“The high number of illegal foreign workers are also due to the locals hiring illegal foreign workers for the cheap labour and to avoid paying the required taxes.

“I hope the locals will stop hiring them and consider the social and economic implications,” he said.

News Source: TheStar

 

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Malaysia Hire Bangladeshi Workers In Services, Manufacturing and Construction Sectors

“We have an agreement with Malaysia for the foreign workers recruitment. Now, we have discussed to expedite the process based on that agreement,” an additional secretary of the ministry told The Daily Star. Officials at the expatriates’ welfare ministry said both the governments are now in the final phase to start the recruitment of the workers soon.

Nurul Islam is scheduled to brief reporters about the developments of the recruitment tomorrow, they added.

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Visiting Malaysian Human Resources Minister Richard Riot holds a meeting with Expatriates Welfare and Overseas Employment Minister Nurul Islam at his official in Dhaka on November 15, 2016.

“We have an agreement with Malaysia for the workers’ recruitment. Now, we have discussed to expedite the process based on that agreement,” an additional secretary of the ministry told The Daily Star.

The Malaysian government suspended the recruitment of foreign workers from all countries including Bangladesh on February 19 just a day after the two governments signed a memorandum of understanding in Dhaka.

But the ministry officials said the agreement with Malaysia was not suspended rather they were negotiating with the foreign labour receiving country on some key issues including recruitment process, migration costs and salaries.

After huge criticisms for an alleged syndicate by some selective Bangladeshi recruiting agents to dominate the Malaysian job market, the expatriates’ welfare ministry said it will not give any scope of forming any syndicate.

“We have discussed with the visiting Malaysian minister and informed him that they must include our 745 recruiting agents for the job otherwise the process will be hampered due to some selective agents,” said Minister Nurul Islam.

However, Ruhul Amin, secretary general of Bangladesh Association of International Recruiting Agencies (Baira), told this correspondent that they are not aware of the Malaysian government’s decision yet.

Malaysia has been a popular destination for Bangladesh foreign workers over the last three decades but the recruitment process has always been tainted by malpractices that result in labour abuses.

Following massive irregularities during 2006 and 2008, Malaysia froze recruitment from Bangladesh in early 2009. In late 2012, the country began labour recruitment on a limited scale, but it did not work well allegedly for the influence of recruitment agents having vested interests in both the countries.

Currently, around three lakh Bangladeshis are working in different sectors in Malaysia legally while a good number of the Bangladeshis are also working without legal documents.

News Source: The Daily Star

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Malaysia Foreign Workers Supply

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Malaysian Government Expediting Intake of Foreign Workers From Bangladesh To Aid Industries

Malaysia is leveraging on a government-to-government platform with Bangladesh to expedite new foreign worker hires from Bangladesh as the plantation, rubber glove manufacturing and furniture sectors are in dire need of foreign workers.

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Malaysia is leveraging on a government-to-government platform with Bangladesh to expedite new hires as the plantation, rubber glove manufacturing and furniture sectors are in dire need of workers. “Last week, the Cabinet has directed Human Resources Minister Datuk Richard Riot Jaem to speed up the process of sourcing new hires from Bangladesh,” said Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.

“Last week, the Cabinet has directed Human Resources Minister Datuk Richard Riot Jaem to speed up the process of sourcing new Bangladesh foreign worker hires,” said Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.

“My ministry is coordinating with relevant authorities to ease this problem so that you can meet the export orders,” he said after officiating the Kuala Lumpur and Selangor Furniture Industry Association (KLSFIA) 60th Anniversary and Merger Gala Dinner, here last Friday.

Mah also assured furniture manufacturers that his ministry is looking at new measures to facilitate adequate supply of rubberwood at competitive pricing.

Mah said he is liaising with the Ministry of International Trade and Industry to facilitate furniture manufacturers to exhibit at the soon-to-be-completed Malaysian International Trade and Exhibition Centre (MITEC) that spans across one million sq ft.

In February, the Home Ministry reportedly suspended the recruitment of foreign workers, only to partially allow hiring of new foreign workers to four sectors including construction, services, manufacturing and furniture manufacturer in May.

To date, furniture manufacturers such as members of KLSFIA said they continue to face foreign labour shortage. They have repeatedly appealed to the government that the sudden policy change in the hiring of foreign workers was bad for business.

The Malaysian Rubber Glove Manufacturers Association (Margma) have also said that disruption in new hire of foreign workers is jeopardising Malaysia’s position as the number one maker of medical and surgical gloves globally.

Last year, Malaysia’s 106 medical glove-making factories churned out some 120 billion pieces for exports and this brought in RM13.1 billion.

“As global demand for medical gloves expands, we need more workers; it is our fervent hope the government ensure availability of new foreign worker hire,” Margma president Denis Low Jau Foo reportedly said.

“We are duly worried by not being able to meet global demand for this medical device. There is an element of humanity here as the medical gloves we make are a necessity for doctors to save lives,” Low added.

According to data provided by the Statistics Department, the manufacturing sector contributed RM626 billion last year, thus making it a key economic driver, which also accounted for half of Malaysia’s RM1.16 trillion economy and more than 80 per cent of RM780 billion total exports.

Separately, the Sarawak Oil Palm Plantation Owners Association (SOPPOA) reiterated its members continue to face acute shortage of workers and they are experiencing huge losses.

Currently, Sarawak has 1.4 million hectares planted with oil palms. According to the Labour-Land Ratio of one man to 8ha, SOPPOA members require 175,000 workers.

But data from Malaysian Palm Oil Board and the Sarawak Labour Department reveal only 108,000 workers are employed in the Sarawak plantation industry, comprised of 86,000 foreign workers and 22,000 locals.

“We face shortfall of over 67,000 workers. Loss of fruits left unharvested leads to billions in revenue losses to estates and the government in terms of taxes collection,” it said in a statement last Friday.

If new hire of foreign worrkes continues to be disrupted and lacking, SOPPOA regretfully expressed Sarawak’s palm oil industry may not be able to meet the government’s target growth of 8 per cent per annum to achieve 2 million hectares of planted area by 2020.

News Source : New Straits Time Online

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Malaysia Foreign Workers Supply

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Malaysia Employers Can Pay Foreign Workers Health Examination Fees Online

Malaysia employers of foreign workers can pay their workers’ health examination fees online via the Foreign Workers Medical Examination Monitoring Agency (Fomema) employers’ portal from today.

Its chief executive officer Datuk Mohd Hatar Ismail said the facility was introduced to enable employers conduct their businesses faster and more efficiently via the portal at https://portal.fomema.my/.

“We no longer have to use a scanner to scan related documents as conducted during the conventional registration process at Fomema branches, with the internet facility.

“All employers have to do is to open an account for user identity and password and register their foreign workers online via Financial Process Exchange (FPX), namely, a payment channel provided for 15 participating banks,” he said in a statement here today.

He said the existing registration method at all Fomema branches was still being continued to accommodate those employers who did not have internet facility.

News Source: TheSunDaily

 

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Malaysia Government To Speed Up Process To Hire Bangladesh Workers

Minister says dire shortage in three sectors, resulting in billions of ringgits of losses, has made Cabinet to call for urgency in addressing demand. The process of bringing new foreign workers from Bangladesh will be expedited to cover the shortage of workers in three sectors, Plantation Industries and Commodities Minister Mah Siew Keong said in an event last Friday.

mah-siew-keongHe added that the government was working with their Bangladeshi counterparts at the highest level to ensure that the demand was met for migrant workers as the plantation, rubber glove manufacturing and furniture sectors were in dire need of workers, The New Straits Times (NST) reported.

“Last week, the Cabinet directed Human Resources Minister Richard Riot Jaem to speed up the process of sourcing new hires from Bangladesh.

“My ministry is coordinating with relevant authorities to ease this problem so that you can meet the export orders,” Mah was quoted as saying at a dinner hosted by the Kuala Lumpur and Selangor Furniture Industry Association in conjunction with its 60th anniversary in Subang.

Mah’s comments followed that of Deputy Prime Minister Ahmad Zahid Hamidi, who told the Dewan Rakyat earlier last week of the impact the freeze on foreign workers had on the furniture and plantation sector so far this year.

On Nov 2, Zahid, who is also Home Minister, said Putrajaya’s decision to freeze the intake of foreign workers led to the furniture and plantation sector incurring losses of over RM7.7 billion this year.

The inability to hire sufficient manpower, Zahid said, saw the local furniture industry record RM6.7 billion in losses, while the plantation industry incurred losses of over RM1 billion.

Many furniture companies, he explained, were unable to deliver their products for the international market on time.

“The furniture exporters have signed agreements with foreign buyers but they cannot fulfil their obligations due to the insufficient workforce.

“I know that the furniture industry alone needs more than 8,000 Bangladeshi employees and they are waiting for the freeze on intake to be lifted due to production issues,” Zahid said in winding up the 2017 Budget for his ministry.

In February, the government suspended the recruitment of all legal foreign workers, including those from Bangladesh.

Then on May 12, Transport Minister Liow Tiong Lai told the press that the Cabinet was lifting the freeze for the manufacturing, plantation, construction and furniture sectors.

Soon after that however, former Immigration Director-General Sakib Kusmi was quoted as saying that the easing up would begin only after the government concluded its exercise to legalise illegal foreign workers.

News Source: freemalaysiatoday.com

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Malaysia Foreign Workers Supply

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Two Million Foreign Workers Hold Temporary Malaysia Working Permits

Almost two million foreign workers are holding valid temporary working permits in the country, the Dewan Rakyat was told.

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said a total of 1,854,684 foreign workers were holding the Temporary Employment Pass (PLKS) issued by the Immigration Department as of Sept this year.

“The highest number is from Indonesia (749,226), followed by Nepal (411,364), Bangladesh (237,991), Myanmar (140,259), India (121,430) and others (194,374),” said Dr Ahmad Zahid, who is also the Home Minister, in a written reply to Lim Lip Eng (DAP-Segambut).

Lim had asked the government to reveal the total number of foreign workers and the policy in hiring them.

“The hiring of foreign workers is a temporary measure to fill the job vacancies. After the employment period is over, they are required to return back to their country of origin,” he said.

He noted that the government had made the decision on Feb 19 to suspend applications of new foreign workers including from Bangladesh until it completed the assessment on the real need of each industry.

“The levy imposed on foreign workers differs from each industry and was clustered according to its own categories,” he said.

Levy is set at RM1,850 for the first category, comprising the manufacturing, construction and service sector, said Dr Ahmad Zahid.

It is set at RM640 for the second category, comprising the agriculture and agro-industries, while for domestic helper, levy is set at RM410 per person.

中文报道:185万合法外劳在马来西亚工作印尼外劳佔最多

News Source: The Star

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Malaysia Foreign Workers Supply

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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.

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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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ACCCIM: Allow All Sectors In Malaysia To Hire Foreign Workers

The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) wants the government to allow all sectors in Malaysia to employ foreign workers, after 45% of the Chinese business community said they have been adversely affected by hiring restrictions.

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President Datuk Ter Leong Yap said the government’s move to limit the hiring of foreign workers to only four sectors namely construction, manufacturing, plantation & furniture has resulted in labour shortage, which has affected the operations of many businesses.

“ACCCIM urges the government to lift the freeze on foreign workers for all sectors in Malaysia and fully streamline the legalisation programme on foreign workers, and to carry out review and measures to formulate the conditions and guidelines on the employment of foreign workers based on the demand and supply of foreign labour in the respective sectors,” he told reporters at a briefing on ACCCIM’s Survey on the Economic Situation of Malaysia for the First Half of 2016 (1H 2016).

The survey revealed of the total 407 respondents, 40% said they rely on foreign workers and 45% said they were affected by the restriction.

Among those who were affected, 48% reported higher cost of operations, 35% reported a drop in business turnover, 11% reported negative business growth while 6% said they had to downsize their businesses to manage costs.

In terms of plans to solve the labour shortage issue, 44% would recruit more locals, 24.5% would adopt a wait-and-see approach while appealing to the government to lift the freeze, 14.1% would move towards automation, 11.4% would pass on costs incurred to customers, 4.3% would consider moving their businesses overseas and 1.6% would consider switching to less labour-intensive businesses.

“The capacity of production is actually quite low now compared with potential capacity. Factories have to turn away orders. For those with orders to fulfil, without enough workers, they pay overtime and when they pay overtime, cost goes up and productivity comes down. These are the effects,” said ACCCIM deputy secretary-general I Tan Sri Teo Chiang Kok.

He said the government’s move to reduce dependence on foreign labour is good but the policies introduced over the years seem to be knee-jerk reactions and do not address the root cause of the issue.

“We’re looking at the symptoms but not addressing the root cause and a lot of times it is putting obstacles and using threatening methods like freezing assets. This is not the way to address the issue of foreign workers,” he said.

Teo explained that with the country’s unemployment rate at 3.3%, which is technically full employment, there are just not enough local workers to meet all the labour needs of the economy.

News source: The Sun Daily

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Malaysia Foreign Workers Program Recalibration 2.0

Enquiry Form For Malaysia Foreign Workers Program Recalibration 2.0
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Malaysia May “Open” Foreign Worker Market In A Week, Said Expat Minister

The Malaysian government may open its foreign workers job market for the Bangladeshi workers within seven days, expatriates’ welfare minister said Thursday. He said Bangladesh High Commission in Kuala Lumpur recently has informed the ministry that the market will be open shortly.

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“The Malaysian market may be open within seven days as our Bangladesh mission has given such indication,” Expatriates’ Welfare and Overseas Employment (EWOE) minister Nurul Islam said.

He was speaking to reporters after the launch of Probash Bandhu call centre at the Probashi Kallayan Bhaban in the city.

He also said they will fix migration cost for Malaysia-bound workers immediately after opening of the market.

Replying to a query, the minister said that workers will be selected from the existing database. “We have already enlisted a large number of workers. Workers will be sent from the existing database.”

Mr Islam said foreign workers will be sent through private recruitment companies.

When contacted, Bangladesh Association of International Recruiting Agencies (BAIRA) secretary general Ruhul Amin said that the Southeast Asian country needs a significant number of foreign workers to run their trade and services sectors.

“We hope nearly 250,000 workers will get employment opportunities every year in the Malaysian market”.

When asked, the BAIRA leader said they would follow what were stipulated in the deal which was signed between Dhaka and Kuala Lumpur in fixing migration cost.

He said they will try to keep the migration cost for Malaysia-bound workers at a ‘rational’ level.

Abdur Rouf, joint secretary of the ministry of EWOE, told the FE the ministry would set up a cell in Malaysia to oversee whether private agencies formed syndicates, charged extra migration costs and exploited workers.

The cell will monitor the overall migration process to the Malaysian market. Representatives from the Bangladesh mission in Malaysia, expatriate welfare ministry and manpower recruiters’ association will work in the cell, he said.

“So, fraudulent manpower agencies will not be able to cheat the workers,” he said.

He said Malaysia will recruit workers in five sectors, including service, construction, manufacturing, plantation and farming.

Nearly 600,000 Bangladeshi workers have been staying in Malaysia, of which 70 per cent are working in the construction sector, while 30 per cent in plantation, according to sector insiders.

Meanwhile, the expatriate welfare minister launched call centre named ‘Probash Bandhu’ for expatriate workers in Saudi Arabia, Malaysia and Jordan.

Bangladeshi workers will get swift services from the centre. The centre will receive call from workers from 9.00 am to 6.00 pm.

The expatriate workers will be able to discuss on their passport-related problems, legal issues, sending back dead bodies, sending back sick and wounded workers and financial support, compensations, stipend etc through the call centre.

The workers can also lodge complaints if they don’t get due services from the government.

The complaints will be forwarded to the departments concerned for due action. The ministry will introduce the same facilities for other destination countries gradually.

News Source: Financial Expresses

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