LANGKAWI, 3 Feb 2009: Companies with foreign workers and are facing the economic crunch can now apply to let go these workers even if their service contracts have yet to expire, said Human Resource Minister Datuk Dr S Subramaniam. “I have discussed this with Deputy Prime Minister Datuk Seri Najib Razak and it is to […]
recession
Govt allows cut in working days (Updated)
(Updated 5:12pm, 29 Jan 2009) KUALA LUMPUR, 29 Jan 2009: The government will allow companies and factories to shorten their operations to three days a week, provided workers were agreeable to the move, Labour director-general Datuk Ismail Abdul Rahim said today. He said the government’s main concern was to ensure minimal job loss and that […]
More than 10,000 M’sians jobless since 1 Jan
KUALA LUMPUR, 28 Jan 2009: More than 10,000 Malaysians have lost their jobs since 1 Jan, Malaysian Employers Federation (MEF) executive director, Shamsuddin Bardan, disclosed today. He told Bernama that more were expected to be jobless in the days ahead as companies particularly in the manufacturing sector struggle to keep their businesses afloat. In an […]
Bleak times ahead
By Deborah Loh(© Tim Reeve / scx.hu) YES, we are staring at the gathering clouds of an economic crisis. Sure, economic fundamentals are strong, as government ministers keep saying, but that’s only half the picture. The other half is the financial scenario, as economic and financial principles are two different things. The sub-prime crisis that began in […]
