The Non-Traditional Sources (NTS) Occupation List was initially announced by the Ministry of Manpower (MOM) at the Committee of Supply 2022 in order to help firms to adjust to the S Pass qualifying salary and levy increases. Therefore, this will take effect on 1 September 2023 where these firms will
Cities such as Guangzhou, Shenzhen, Hong Kong, Phnom Penh and Ho Chi Minh City could also see a decrease while Taipei, Bangkok and Singapore could see an increase. Malaysia’s capital Kuala Lumpur among cities in Asia Pacific (APAC) are expected to see office rental decrease over the next coming 12
The Malaysian ringgit opened slightly lower on Monday amid cautious sentiments ahead of the country’s GDP announcement for the second quarter of 2023 (Q2 2023) this Friday. At 9am today, our local note eased to 4.6000/6075 against the US dollar when compared with 4.5865/5895 last Friday. Chief economist and social
The Melaka government is set to build 40 Centralised Labour Quarters (CLQs) by 2023 where it will be accommodating more than 40,000 foreign workers, said state Heath, Human Resources and Unity committee chairman Ngwe Hee Sem. According to a report by Bernama, chairman Ngwe noted that there are 15 current
Malaysia’s National Economic Action Council (Majlis Tindakan Ekonomi Negara) has approved the presentation of a Progressive Salary Policy paper, as it was proposed by the Minister of Economy, Mohd Rafizi Ramli on Monday 7th August 2023. His proposal follows the launch of the inaugural Employee Wages Statistics (Formal Sector) Report
As the country’s economy recovers, it is projected to grow between 4% and 5% this year, InvestKL has secured a total of RM2.48b in committed investments in the first half (H1) of 2023 which will create over 6,800 executive job opportunities for Malaysians. KL’s propositions have resulted in the establishment
Tesla will set up its first headquarters and service center in Cyberjaya, Selangor where it will serve as the central hub for all corporate operations, marketing and training. Tesla Sdn. Bhd. (Tesla), a multinational American electric automatic transmission is excited to announce its expansion into the Malaysian market. Furthermore, this
