Category: Focus Malaysia

EPF data indicate more being employed | Focus Malaysia

It is a difficult situation for the government if Malaysians chose not to work or simply can’t find jobs. “This is a free market economy. What can the government do if talents don’t want to work for private enterprises? There are many reasons for that. For example, many companies cannot find talents. It could be salary mismatch, and it could also be skill sets mismatch in other fields due to the change in industries,” says Centre for Research, Advisory and Technology (Create) CEO Ng Yeen Seen.

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Daunting journey for new KTM CEO | Focus Malaysia

“Centre for Research, Advisory and Technology (CREATE) CEO Ng Yeen Seen concurs, saying a longer contract by right should encourage CEOs to pursue longer-term projects. “Naturally CEOs with more contractual time will indeed invest more in making things happen.”

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Civil servants still ignoring AG’s report | Focus Malaysia

“Repeat offenders exist because society keeps them in the system.” – Ng Yeen Seen

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Rise in savings deposits surprises analysts | Focus Malaysia

A surprise change in the recent growth pattern of savings deposits versus fixed deposits (FDs) is getting the attention of economic observers and analysts. As of end-May, total savings (savings deposits plus FDs) stood at RM496.9 bil. This is 2.8% higher than a year ago. Total savings deposits alone stood at RM140 bil in May, an 8.4% growth year-on-year.

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Erosion in consumers’ buying power
Erosion in consumers’ buying power

What would happen when salary growth is less than the inflationary rate? We are now in a transformation stage where both talents and corporations need to adjust and find a new equilibrium.

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