Employees in the country who want to work on a flexible basis can apply for Flexible Working Arrangements (FWA) with their respective employers under the amendment to the Employment Act 1955 which will come into force on September 1. Deputy Minister of Human Resources Datuk Awang Hashim said the FWA application must be made in …

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Foreign investment into Malaysia recorded net inflows of RM48.1 billion in 2021 compared to RM13.3 billion in the previous year, while investment abroad registered RM19.7 billion versus RM10.2 billion in 2020. As at the end of 2021, foreign direct investment (FDI) position registered a higher value of RM788.8 billion, said the Department of Statistics Malaysia …

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MIDF Research has maintained its projection for exports and imports to grow at 16.9% and 19.2%, respectively, following the release of Malaysia’s May 2022 trade figures. It said Malaysia’s total trade expanded by 33.6% year – on – year (y – o – y) to RM228.4 billion in May, driven by an acceleration in both …

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Malaysia’s trade performance in May 2022 remained resilient, recording the fastest growth since November 2021. In a statement on Friday (June 17), Minister of International Trade and Industry and Senior Minister Datuk Seri Mohamed Azmin Ali said trade rose by 33.6% to RM228.37 billion compared to May 2021, the 16th straight month of double – …

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Malaysia has been ranked 32nd in the 2022 International Institute for Management Development (IMD) World Competitiveness Ranking (WCR), down by seven positions from the 25th spot in 2021. In a statement, the centre said Thailand (33rd from 28th) and Indonesia (44th from 37th) also tumbled down their rankings respectively, driven by the slow re-opening of …

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