KUALA LUMPUR, July 26 ― Malaysia must take immediate action to resolve the sharp shortfall in manpower across all sectors, Bagan MP Lim Guan Eng said today. The former finance...
KUALA LUMPUR, July 26 ― Malaysia must take immediate action to resolve the sharp shortfall in manpower across all sectors, Bagan MP Lim Guan Eng said today.
“Presently there is limited fiscal space available to the government to overcome these bleak inflation and currency numbers. “A more robust growing economy will help to arrest the decline of the ringgit which depreciated to the lowest level ever against the Singapore dollar at RM3.22 today and a five-year low against the US dollar at RM4.46,” he said.
“MACPMA said a few days ago that the severe labour shortage is derailing the economic recovery of the motor auto parts industry which contributes 2 per cent to Malaysia’s gross domestic product , causing stoppages and under-production as manufacturers are not able to produce at a higher capacity.
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