Wednesday, January 15, 2020

Tougher Times Ahead in Malaysia

Yesterday, I saw this FMT report that Malaysia’s unemployment rate could increase from 3.3% to between 3.4% and 3.6% in 2020. 

And according to AmBank Research, we can expect retrenchment exercises to flourish. 

The bank’s research arm said 2019 saw an estimated 37,260 people laid off compared to 23,697 in 2018 – with expectations of more downsizing to occur this year. 

It also predicted more people will participate in the gig economy. 

This comes after the unemployment rate for November remained at 3.2% for the second consecutive month, hitting a 48-month low. In fact, the number of job vacancies is decreasing, as the first 10 months of 2019 recorded an average of 83,700 jobs compared to 92,200 in the review period.

Things are only going to get tougher! Pakatan Harapan, you guys suck big-time! 

Yesterday, I was at the MacFood Toastmasters meeting – where I was the General Evaluator. 

I can vouch that this is a promising club based on the fact that they practiced good time management. They started on time and finished on time. That alone speaks well about the club members. 

Moreover, the members seemed genuinely interested in learning, which is pretty uncommon these days!

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