The Malaysian economic recovery is set to gain further momentum in the second half of this year (2H22) despite political noise, but the country’s economy is still nowhere close to 2019 levels yet, said AmBank Research.
The issue of foreign labour dependence is neither new nor unique to Malaysia. When we launched the New Economic Model (NEM) in 2010, it was designed to stir the economy out of the middle-income trap and become a high-income economy. And the NEM pointed out concerns on the dependency of foreign workers that risk slowing down the industrial transformation.
Policy must avoid distorting labour market thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR, April 11 Kenanga Investment Bank Bhd expects the labour market to gradually recover in 2022, underpinned by a higher vaccination rate, relaxation of pandemic-related restrictions, reopening of borders, and various policy support measures. Thus, the research house.