Heavy reliance on cheap foreign labour hinders productivity and wage growth, says BNM
KUALA LUMPUR (March 29): Cheap available foreign labour is the big stumbling block that has hindered the growth of the country’s productivity and wages.
New Zealand ban on foreign buyers kicks in
KUALA LUMPUR (Oct 22): The bulk of foreigners will not be allowed to buy homes (unless they are newly built apartments) in the rugby mad country starting from today.
MTUC calls for withdrawal of all tax concessions on migrant worker levy
KUALA LUMPUR (Sept 27): The Malaysian Trades Union Congress (MTUC), in welcoming the Ministry of Finance's retraction of its earlier stance that the levy for migrant workers be split 20:80 between employers and foreign workers, has also called for the withdrawal of all tax concessions granted on the levy.
MoF backtracks on foreign worker levy, says employers now to pay in full
KUALA LUMPUR (Sept 25): Just a day after announcing that employers would only have to pay 20% of the RM10,000 levy for each foreign worker, Finance Minister Lim Guan Eng today did an about-turn and said employers will have to continue to pay the levy in full.
Foreign workers seeking to extend employment must pay 80% of RM10,000 levy
KUALA LUMPUR (Sept 24): To ease the burden of developers and bring down home prices, skilled foreign labour applying to extend their employment tenure need only pay 80% of the annual RM10,000 levy on foreign workers, said Finance Minister Lim Guan Eng today.
I, Robot, builds your home
One of French artist Villemard’s futuristic works produced in 1910 was a painting that had envisioned that building construction works in the year 2000 will be undertaken by robots.
BNM keeps OPR unchanged at 3% as it sees Malaysia's growth to remain strong next year
KUALA LUMPUR (Nov 9): Bank Negara Malaysia (BNM)'s Monetary Policy Committee (MPC) is keeping the Overnight Policy Rate (OPR) at 3%, as it expects Malaysia's growth to remain strong in 2018, amid a strengthening global economy.
BNM keeps overnight policy rate at 3%
KUALA LUMPUR (Sept 7): The Monetary Policy Committee of Bank Negara Malaysia (BNM) decided at its meeting today to maintain its overnight policy rate (OPR) at 3%.
Housing prioritised in London mayoral vote
IN barely two weeks on May 5, Londoners will head to the polls to vote for a candidate they deem worthy to replace current London mayor Boris Johnson in running the British capital city.
IBS adoption in Malaysia remains low: CIDB
PETALING JAYA (Dec 31): Only about 42% of public projects and 70% of private projects in the country use modern Industrialised Building Systems (IBS) technology, according to the Construction Industry Development Board (CIDB).
