KUALA LUMPUR, June 21 Malaysia’s productivity growth rebounded to 1.8 per cent or RM90,697 per person in 2021 from -5.3 per cent or RM89,106 per person in 2020, said Deputy.
KUALA LUMPUR: Malaysia's productivity growth rebounded to 1.8 per cent or RM90,697 per person in 2021 from -5.3 per cent or RM89,106 per person in 2020, said Deputy International Trade and Industry Minister Datuk Lim Ban Hong.
GEORGE TOWN: To cope with the increase in the minimum wage from RM1,200 to RM1,500 from May, small and medium enterprises (SMEs) may explore new ways to deal with the financial burden.
04 Jul 2021 / 13:57 H.
KUALA LUMPUR: The Malaysia Productivity Corporation (MPC) has launched the e-Shared Prosperity Organisation (eSPO) Acknowledgement Certificate, an initiative aimed at encouraging Small and Medium Enterprises (SMEs) to be recognised for their resilience in the face of the Covid-19 pandemic and contributing to the country’s economic recovery.
In a statement today, MPC said the eSPO online platform allowed industry players to be self-assessed on their productivity-linked wage system (PLWS) components and issue acknowledgement certificates to organisations that have implemented PLWS.
Director general Datuk Abdul Latif Abu Seman said as of June 2021, more than 2,500 companies have been acknowledged as “Shared Prosperity Organisations”, covering various sectors including manufacturing, services, construction, agriculture as well as mining and quarrying.
KUALA LUMPUR (Feb 16): Nearly 700 companies from various sectors have been acknowledged by the Ministry of International Trade and Industry and Ministry of Human Resources as shared prosperity organisations as at Feb 12.
To this end, these companies received the e-Shared Prosperity Organisation (eSPO) Acknowledgement Certificate (e-certificate) issued by Malaysia Productivity Corporation (MPC) which is driving the campaign to encourage more companies to join the ranks.
MPC has noted that the take-up rate among construction companies in particular, is still low, at only 47, and is urging more in the sector to claim the acknowledgement.
This is because through eSPO, the companies could attract more locals to work in the construction business, hence reducing the reliance on foreign workers, said director-general Datuk Abdul Latif Abu Seman.