Unemployment Rate: More than Just Statistics

The recent labour force survey released by the Department of Statistics Malaysia revealed that Malaysia’s unemployment rate decreased by 4.1 percent in February 2022 (or 671,800 people), against January’s 680,400. On the other hand, Hong Leong Investment Bank (HLIB) Research said that there are over 1.8 million tertiary educated Malaysians suffering from skill-related underemployment Further, […]
EPF Withdrawal: A Double Edged Sword?

On March 16, Prime Minister Datuk Seri Ismail Sabri Yaakob announced that the government decided to allow contributors of the Employees Provident Fund (EPF) to make a special withdrawal of RM10,000 to ease the burden of EPF members who are still impacted by the Covid-19 pandemic. According to EPF, the special withdrawal facility is open to […]