Date Time
Job vacancies continue to rise: Australia
Job vacancies in Australia increased by 14 per cent between November 2020 and February 2021, according to new seasonally adjusted figures from the Australian Bureau of Statistics (ABS).
Bjorn Jarvis, head of Labour Statistics at the ABS, said job vacancies were 27 per cent higher than 12 months earlier in February 2020, just before the start of the pandemic.
“There were 289,000 job vacancies in February 2021, 61,000 more than a year earlier,” Mr Jarvis said.
“This reflected the pace of recovery in labour demand over the second half of 2020 and early 2021, and labour shortages in some industries.
“When we asked businesses experiencing labour shortages the reasons for this, more than usual noted difficulty in filling vacancies for lower paid jobs.
A year after the outbreak of Covid-19, pandemic losers may gradually be transformed into winners with the economy poised to return to positive growth on the back of optimism over the vaccine programmes being rolled out around the world.
Will pandemic winners such as the glove and technology players continue to prosper? Will the tourism, retail, hospitality and manufacturing industries as well as small and medium enterprises (SMEs) move away from the dire conditions brought on by Covid-19 anytime soon?
For now, although the prices of glove stocks have eased from last year’s peaks, the super earnings cycle persists. Top Glove Corp Bhd, the world’s largest glove maker, recorded a new peak in its quarterly performance, with its net profit rising 20.76% quarter on quarter (q-o-q) to RM2.87 billion for the three months ended Feb 28, from RM2.38 billion in the preceding quarter. Similarly, Supermax Corp Bhd’s net earnings jumped 34% q-o-q to RM1.06 billion for its 2Q ended Dec 31, 2
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Jetro said the poll, which covered Japanese firms in 20 countries/regions, found that this represented the smallest rate of decline (-6.7%) among the six participating Asean countries compared to the 2019 survey.
KUALA LUMPUR: Just over a third – or 36.1% – of Japanese companies in Malaysia surveyed by the Japan External Trade Organisation (Jetro) have expressed an intention to expand in the next one to two years, especially in the food, precision medical devices and transportation industries.
Jetro said the poll, which covered Japanese firms in 20 countries/regions, found that this represented the smallest rate of decline (-6.7%) among the six participating Asean countries compared to the 2019 survey.
Japanese firms in Malaysia face high cashflow deterioration 12 Mar 2021 / 15:53 H.
PETALING JAYA: Japanese companies in Malaysia expect operating income surplus to be at 50%, above the Asean average, but the deterioration of cashflow is remarkably high in Malaysia, according to the Japan External Trade Organization (Jetro).
The deterioration of cashflow is a similar situation faced by respondents in Indonesia. In both countries, “late payment from clients” is seen as the issue that contributes to worsening cashflow.
Jetro said
Japanese affiliated companies operating in six Asean nations projected that their average operating income surplus to be at 43.9% while deficit to be at 37.1% for 2020, a significant decline from the 64.2% and 17.1% expected in the previous year, respectively.