Malaysia’s Unemployment Rate Falls to 3.1%, Lowest in Nearly a Decade! FUCK PAP!

[k1976]

Malaysia is just like Ukraine , always love to magnify the Good News 10000000x and shrink the bad news 1000000000000000000000x

 

[birdie69]

https://en.syok.my/news/unemployment-rate-falls-3-1-low-in-a-decade

Malaysia's unemployment rate has reached its lowest level since 2015, standing at 3.1% or approximately 544,000 unemployed individuals.

According to Berita Harian, Malaysia’s Chief Statistician, Datuk Seri Dr Mohd Uzir Mahidin, stated that the nation's economy demonstrated resilience and robust growth as 2024 drew to a close, "As a result, the labour market also performed well, with the unemployment rate continuing to decline in December 2024.

"Employment levels remained stable, and the number of unemployed individuals continued to decrease. Consequently, the labour force in December 2024 followed an upward trend, increasing by 0.1% to 17.32 million people, bringing the labour force participation rate (LFPR) to 70.6%, compared to 70.5% in the previous month," he said.

Mohd Uzir added that the number of employed individuals in December 2024 continued its positive trend, reaching 16.78 million, reflecting a 0.2% increase.

Meanwhile, the number of unemployed individuals decreased by 0.4% compared to November 2024, dropping from 546,700 to 544,300 people, "The unemployment rate in December fell to 3.1%, marking the lowest level in nearly a decade.

"Malaysia’s economy remains on a positive growth trajectory in 2024, supported by strong economic performance despite ongoing external uncertainties," he said.

With these encouraging figures, Malaysia’s labour market appears poised for continued stability and growth in the coming months.

Their data seems to be more reliable, no such thing like resident and non resident

 

[k1976]

OMG… GG liao

 

[k1976]

I am very very sure Malaysia will have more good years to come after the RTS MRT link is fully operational

Good Job

 

[congo9]

HSBC plans new round of investment bank job cuts next week​

The latest phase of cuts will start in Asia, but will ultimately affect employees globally

Published Fri, Feb 14, 2025 · 05:57 PM
HSBC

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• Georges Elhedery is reducing costs with a restructuring that has so far included combining the commercial banking division with its global banking and markets unit and pulling out of some underwriting and advisory businesses in Europe and the Americas. PHOTO: HSBC
• Georges Elhedery is reducing costs with a restructuring that has so far included combining the commercial banking division with its global banking and markets unit and pulling out of some underwriting and advisory businesses in Europe and the Americas. PHOTO: HSBC
• Georges Elhedery is reducing costs with a restructuring that has so far included combining the commercial banking division with its global banking and markets unit and pulling out of some underwriting and advisory businesses in Europe and the Americas. PHOTO: HSBC
• Georges Elhedery is reducing costs with a restructuring that has so far included combining the commercial banking division with its global banking and markets unit and pulling out of some underwriting and advisory businesses in Europe and the Americas. PHOTO: HSBC
• Georges Elhedery is reducing costs with a restructuring that has so far included combining the commercial banking division with its global banking and markets unit and pulling out of some underwriting and advisory businesses in Europe and the Americas. PHOTO: HSBC

HSBC Holdings is kicking off a fresh round of job cuts at its investment bank as new chief executive officer Georges Elhedery continues his overhaul of Europe’s biggest lender, according to people familiar with the matter.

The latest phase of cuts will start in Asia, but will ultimately affect employees globally, said the people, who asked not to be identified discussing private matters. It’s not clear how many people will be affected by the moves.

Some cuts are already underway in the firm’s markets division but wider layoffs across the investment bank will begin as early as Monday, the people said. The dismissals will be staggered over several weeks and months, one of the people said. Staff will be let go based on performance as well as to remove duplication of jobs or to simplify operations, the person said.

The CEO cannot think of way to open up more revenue yet.
So the way forward is to slash headcounts and hopeful that new project comes.

 

[k1976]

Singapore prepared to tackle challenges in fast-shifting global landscape: SM Lee​

Senior Minister Lee Hsien Loong said the Government has plans for the coming year and the future, but he added that people need to rally behind it.ST PHOTO: BRIAN TEO
Chin Soo Fang
UPDATED FEB 24, 2025, 02:21 PM


SINGAPORE – The world is in flux, with rapid changes brought about by technology and policy shifts, but Singapore has prepared for this.

Speaking on Feb 22 at an education award ceremony in Teck Ghee, Senior Minister Lee Hsien Loong said the Government has plans for the coming year and the future, but he added that people need to rally behind it.

He said some of the plans were laid out in Prime Minister Lawrence Wong’s Budget speech on Feb 18. They include more immediate needs like support for households to tackle cost pressures, and longer-term plans such as strengthening growth engines and investments in people and infrastructure.

Singapore prepared to tackle challenges in fast-shifting global landscape: SM Lee​

Senior Minister Lee Hsien Loong said the Government has plans for the coming year and the future, but he added that people need to rally behind it.ST PHOTO: BRIAN TEO
Chin Soo Fang
UPDATED FEB 24, 2025, 02:21 PM
SINGAPORE – The world is in flux, with rapid changes brought about by technology and policy shifts, but Singapore has prepared for this.
Speaking on Feb 22 at an education award ceremony in Teck Ghee, Senior Minister Lee Hsien Loong said the Government has plans for the coming year and the future, but he added that people need to rally behind it.
He said some of the plans were laid out in Prime Minister Lawrence Wong’s Budget speech on Feb 18. They include more immediate needs like support for households to tackle cost pressures, and longer-term plans such as strengthening growth engines and investments in people and infrastructure.