The Edge Malaysia - What Employees Think Of Work (23 December 2019)
It's the time of the year when employees negotiate salaries and increments, start job hunting and look for a career change. Interestingly, recruitment agency Michael Page found Malaysians still fairly optimistic about the job market in 2020 despite the constant barrage of news forecasting a slowdown in the economy next year. The survey found that the top reason for employees resigning is because of better opportunities elsewhere. The survey also revealed what Gen X and millennials see as important in their work place.
The Edge Malaysia - How Malaysian Companies See Business in 2020 (16 December 2019)
Despite external headwinds, Malaysian companies are not as gloomy about their business prospects next year as one might expect. HSBC's latest global survey, "Navigator: Now,next and how for business", which gauges business sentiment and expectations of trade activity and business growth of 9,131 companies in 35 markets - including 202 firms in Malaysia - indicates that Malaysian businesses are optimistic about the outlook for the year ahead. In fact, 81% of businesses forecast sales growth next year, largely through improved productivity and entry into new markets. Nevertheless, confidence is not unanimous across Malaysian firms, with almost 31% of companies more pessimistic about growth than a year ago - considerably more downbeat than the global average (18%). Read on for other interesting results from the survey, which was conducted between August and September this year.
The Edge Malaysia - Commendable Improvements in Corporate Governance (18 November 2019)
To achieve long-term success against a backdrop of ever-changing dynamics, companies need to ensure that the core values of good governance remain a fundamental focus. After assessing 866 public-listed companies in Malaysia based on the Asean Corporate Governance scorecard for the MSWG-ASEAN Corporate Governance Awards 2018, Minority Shareholders Watch Group says there were commendable improvements in companies disclosing CEO's remuneration, number of companies giving notice of their annual general meetings (AGM) at least 28 days before the event as well as implementation of board diversity.
The Edge Malaysia - It's All About A Sustainable Transport System (28 October 2019)
The government recently unveiled the National Transport Policy (NTP) 2019-30, which aims to provide strategic directions and acts as a reference point for ministries and agencies to develop an efficient, integrated and sustainable transport system.
The Edge Malaysia - Bringing Talent Home (30 September 2019)
The brain drain problem is not new. Anecdotally, Malaysia loses out on great talent all the time to our fiercest competitor across the Causeway. Hays Malaysia in its 2019 Asia Overseas Returnees Report highlights that 46% of employers in the country feel less confident about being able to find and secure essential talent to drive business growth.
The Edge Malaysia - Malaysia's Critical Occupations List (23 September 2019)
Our shift to an economy based on high productivity and knowledge creation has resulted in shortages in the labour market. Since 2015, the government has come up with an annual critical occupations list (COL), which basically registers jobs that employers want to fill but have difficulty filling. These are jobs that are middle or high-skilled, sought-after and strategic. The COL is designed to be a tool to help policymakers make decisions, including on education and training programmes, says the World Bank, in its report "Monitoring occupational shortages - Lessons from Malaysia's critical occupations list". Here is the 2018/19 list, which comprises 59 jobs, ranging from managing directors and CEOs to mechanical engineers, software developers and lorry drivers.
The Edge Malaysia - How Much Do People Trust Social Media (16 September 2019)
Misinformation is on the rise and this is partly because of social media. Interestingly, data from a recent Ipsos survey shows that trust in social media falls in tandem with level of education are least likely to think of social media as the most accurate and superior source of news and information.
The Edge Malaysia - Domestic Tourism Performance 2018 (2 September 2019)
The number of domestic travellers grew 7.7% year on year to 221.3 million in 2018. The travellers, who included repeat visitors and day trippers, spent a total of RM 92.5 billion, up 11.4% y-o-y. The bulk of their expenditure was for shopping (37.6%), followed by automotive fuel (14.7%) and food and beverage (13.8%). The main reasons for the domestic travel were to visit relatives and friends (40.6%), shopping (34.7%) and leisure (10.4%). Selangor was the most visited stae last year, followed by Sabah, Sarawak, Federal Territory of Kuala Lumpur and Pahang. Those with household incomes of RM1,001 to RM3,000 per month travelled most domestically last year.
Grab’s Social Impact Highlights 2018 - 2019
Today, over 700 persons with disabilities proudly serve as our Grab drivers and deliverypartners. 21% of our driver-partners were not working before joining us. Across Southeast Asia, over 9 million micro-entrepreneurs have earned an income using the Grab platform. Behind every number is a person and a personal story. One that shares their struggles, what they work hard for every day, and who they’re doing it for. Source : https://assets.grab.com/wp-content/uploads/media/Grab-Social-Impact-Report-2018-2019.pdf
The Importance of Having Key Strategic Partners
PLSB found that most successful businesses embrace partnerships in order to compete on a global scale. It was deemed as the most effective way to gain more customers, generate more revenue and penetrating new markets. PLSB chosen a few partners who are experts in their own field and delegated the task of product development to them to reduce the risks of mistakes during the inception phase. Consequently, the partnerships would contribute to higher business performance and better product innovation.