Underemployment is rarely addressed compared to unemployment. Due to the MCO, industries have had reduced operating hours, which typically resulted in lower salaries and wages received, particularly in semi-skilled and low-skilled jobs. If left unaddressed, there is a risk Malaysia will be faced with higher levels of underemployment and unemployment compared to prior to the COVID-19 pandemic.
Belanjawan 2021 sepatutnya mempunyai defisit belanjawan lebih tinggi untuk pemulihan ekonomi lebih pantas. Kadar meminjam pada waktu ini dijangka akan lebih berdaya saing dan berada pada tahap terendah. Ianya tidak akan memberi keburukan kerana banyak negara dijangka melakukan perkara sama bagi merangsang kembali ekonomi yang terjejas kerana pandemik COVID-19.
The government should not be afraid of incurring a larger budget deficit and should borrow more to speed up economic recovery. Immediate efforts should focus on supporting those who have lost jobs or have reduced income. The creation of better jobs will be vital as we recover, and the health & education sectors are areas the government should stimulate.
Pengembangan sektor pendidikan awam dan penjagaan kesihatan awam akan mewujudkan peluang pekerjaan dan meningkatkan pendapatan ketika permintaan buruh sektor swasta dilihat lemah, serta membantu Malaysia mendepani dua cabaran jangka panjang, iaitu perubahan teknologi & demografi.
The Director's Commentary - REFSA proudly launches a new podcast series on the economy, delving deeper and going behind the scenes into our ideas, publications, and positions. Listen to our first episode, focusing on income and good jobs on Apple podcast and Spotify.
Concerns on conflict of interest arise with half of the Public Accounts Committee (PAC) members holding positions in agencies and statutory corporations under Ministries who are in effect, supposed to be watchdogs of government as members in the Committee. Article in Malay.
What exactly is a "Confidence and Supply Agreement". Here, are some short explanations that will help you understand what does it entail, and what does it mean for the nation.
Budget 2021 will be the “mother of all budgets” because it will determine the direction of the country and set precedent for potential future health, economic and political crises. Bipartisanship is critical in ensuring the government does not face a shutdown period that will adversely affect the country. Article in Malay.
Will the newly announced Budget 2021 on 6 November mark a new economic paradigm, and moves us to a more prosperous, equitable and sustainable economy? Join us as we discuss about its impact on the people, businesses and the economy.
Recent developments in Malaysia’s political landscape has stirred discussion on a potential Confidence Supply Agreement (CSA), its implementation and impact. This article explains the concept of a CSA and illustrates on its practicality with examples. Article in Malay.