MAEC PROJECT TR03 by tiff https://padlet.com/tiffanypei2034/zt9orxwjnxks HENG DE RONG SAMUEL (4) LI YUBEI (11) SAMANTHA TOH HUI WEN (13) TIFFANY KHONG YU PEI (17) WENDY NG CHU YING (18) en-us 2019-05-13 15:29:31 UTC 2026-01-30 05:49:21 UTC hello@padlet.com tiffanypei2034 https://padlet.com/tiffanypei2034/zt9orxwjnxks/wish/360414536 2. https://www.humanresourcesonline.net/almost-half-of-unemployed-in-malaysia-found-jobs-in-less-than-3-months/
  • Analysis: 
  • Unemployment rate decreased, from 3.4% to 3.3%.
  • Almost half (48.4%) of the active unemployed in Malaysia secured employment in less than three months. 
  • (Of the remaining 31.7% (7.1 million people) of the working age population outside labour force.Other reasons included “going for further studies”, “disabled”, “not interested”, and “retired”.) These group of people are considered economically inactive because they are aged 15 and above or are outside the labour force which includes full time students, housewives, retirees, disabled, institutional and discouraged workers.
  • (unemployment rate was found to have improved to 3.3% as compared to 3.4% in 2017). It is impossible to have unemployment rate of 0%. This is because the natural rate of unemployment. Though it is full employment, there will always be some frictional, structural and seasonal unemployment.
  • (29.3% of the active unemployed took between three to six months to find jobs and only 9.7% were active unemployed took in the period of more than one year). This is called frictional unemployment. It is caused by the normal search time required by workers with marketable skills who are changing jobs, initially entering the labour force or re-entering the labour force. For example, university graduates seeking their first jobs, people who are laid off between projects or people who quit their jobs to relocate or to seek out better employment.
  • (In that line, labour force participation rate (LFPR) in 2018 increased 0.3 percentage points to 68.3% as compared to 68.0% in 2017). There are some ways that the government can do to spur labour force participation rate (LFPR). Firstly, the government can give the unemployed some benefits which includes providing those unemployed with some assistance while they transit to another job. Secondly, employment incentives which give individuals incentives to work, and giving firms incentives to hire workers at the same time. Thirdly, the government can help to create more jobs. This involves the government hiring more workers directly by approving for more government spending or through the use of incentives such as tax exemptions to get firms to hire more workers. Last but not least, the government can help to improve employability, which involves getting workers to upgrade their skills, in order to remain ‘ relevant ‘ in the workforce. 
]]> 2019-05-15 16:00:08 UTC https://padlet.com/tiffanypei2034/zt9orxwjnxks/wish/360414536 1. tiffanypei2034 https://padlet.com/tiffanypei2034/zt9orxwjnxks/wish/360415742 https://themalaysianreserve.com/2019/05/07/malaysias-economy-scales-new-heights-in-2018/

  • Anaylsis:
  • GDP grew, to 4.7% with change of base year. 
  • The rebasing exercise has helped to improve the performance of the country as there was a GDP growth of 4.7% from 2010 to 2015.
  • This exercise also helped to ‘ensure the statistics reflect the current economic structure.’
  • This way, policymakers would be able to create better policies and laws to maintain order and stability in the country.
  • This also leads to better standard of living for the citizens, meaning that more citizens will be able to attain more than just basic necessities.
  • (The Malaysian economy reached a new height of RM1.45 trillion last year at current prices, after a rebasing exercise on GDP from base year 2010 to 2015, according to the Department of Statistics Malaysia (DoSM). ) There are some key factors to achieve economic growth and development. Firstly, with the endowment of natural resources. For example, exploiting minerals such as gold, crude oil, natural gas. Because more natural resources produce more and proper economically. Secondly, with investment labour. For example with education, training, work experience. This is because enhanced knowledge and skills of workers allows better quality and higher production. Thirdly, with accumulation of capital. This is essential as more tools produce higher quality and quantity of goods and services. Followed by the technological progress. This includes the invention of new power-driven machines, advanced communications devices, the internet and computers. This is critical because new knowledge increases efficiency of production of more efficient physical capital goods. Last but not least, the political environment. This includes law and order where well-defined private ownership of property and profit encourages the entrepreneurship and foreign direct investment, infrastructure which facilitates economic activities both internally and from other country, international trade which increase in net purchase from other countries improve the wealth of the nation.  
]]> 2019-05-15 16:02:10 UTC https://padlet.com/tiffanypei2034/zt9orxwjnxks/wish/360415742 3. tiffanypei2034 https://padlet.com/tiffanypei2034/zt9orxwjnxks/wish/360421210 https://think.ing.com/articles/malaysia-inflation-back-in-positive-territory/

  • (As widely expected, Malaysia’s consumer price index (CPI) inflation was back in positive territory in March, though it was yet another downside miss. The 0.2% year-on-year rise was smaller than the consensus median of 0.3%. This followed two months of negative inflation; -0.7% YoY in January and -0.4% in February.) This is where inflation does not meet the expected rate and can impact many groups of people. Firstly, companies can be seen as not making as much profits as they expect to due to the lower average general prices. Secondly, individuals like citizens may rejoice at this as their purchasing power is strengthened and average general prices are not as high as they are expected to be, hence leading to a higher standard of living. Lastly, governments do not benefit as much from this lower rate of inflation as companies are not profiting as much as expected, which results in a lower rate of business taxation and personal tax revenue. (as wages do not increase) This can also be related to the Bumiputra policy, where Malays are given 7% discounts on housing and property. However, even though there is this discount, the negative inflation that occurred in January and February could be caused by low demand for housing, which means that there is the possibility that the policy is of low use to citizens.
  • (Still, we don’t see inflation becoming a threat anytime soon, at least not until the removal of the Goods and Services Tax in June 2018 moves out of the base of comparison.) This means that inflation rates are moderately positive for the time being, until the GST removal is removed from the picture. Once GST is removed from the CPI calculation, there is a possibility of seeing an increase in purchasing power of individuals as general level of prices decrease. However, it is more likely that the removal of GST will incur an increase in general level of prices to make up for the decrease in overall prices of goods and services, hence this will pose as a threat to the consumers. This then leads to faster increases in general prices over time, which directly affects the purchasing power of consumers. Overall, companies will benefit from this increase as profits will increase and this again leads to government benefiting from increased business taxation.
]]> 2019-05-15 16:11:52 UTC https://padlet.com/tiffanypei2034/zt9orxwjnxks/wish/360421210 Thank you for your Padlet Wall, interesting articles and in depth analysis. You may want to include the Bumiputra policy in Malaysia and what government is doing to help those group of people. You may also want to include Youth unemployment, what the government is doing to help fresh graduates find jobs. Hope to see your written report! tiffanypei2034 https://padlet.com/tiffanypei2034/zt9orxwjnxks/wish/361998226 2019-05-21 04:39:01 UTC https://padlet.com/tiffanypei2034/zt9orxwjnxks/wish/361998226 fiona_lyb https://padlet.com/tiffanypei2034/zt9orxwjnxks/wish/364378821 Bumiputera Policy:
  • Ensures that the native people of Malaysia will be granted priority and have a safeguarded spot in universities/workplaces
  • Quotas established for federal public service positions for bumiputras ( helps with decreasing unemployment especially in native malay and borneo ppl ) 
  • Subsidies for Bumiputeras (7% Discount on all property and housing regardless of financial wellbeing for bumiputras) [ can be used to explain about CPI ? ] 
]]> 2019-05-29 15:42:34 UTC https://padlet.com/tiffanypei2034/zt9orxwjnxks/wish/364378821 fiona_lyb https://padlet.com/tiffanypei2034/zt9orxwjnxks/wish/364379117 Youth Unemployment
https://www.thestar.com.my/business/business-news/2018/08/06/young-and-jobless-in-malaysia/
  1. Happens because the malays feel that ethnic-chinese people are more likely to be called for interviews in white-collared firms. Most high-ranking jobs are taken by Chinese or westerners and the prejudice/preconceived notion that malays are not capable of a higher standard of work can cause malays to be less valued to employers.
  2. Youths aren’t very proficient in English because it not the national language of Malaysia and the english education is not prioritized.
  3. The youths frequently lacks both the knowledge of the qualitative and quantitative data and analysis related to the employment, and they do not take the initiative to search for jobs. 
  4. The job market is very lean which the number of tertiary graduates entering the workforce exceed the number of jobs the market created for them. The economy did not create enough high-skilled jobs to allow the graduates to enter the workforce.
  5. Another possible reason is that many youth take very long time to find the job they want to do which means that they wait for a longer time to find a job that fit their requirements.
  6. In the upcoming Budget 2019, the Minister Syed Saddiq said he would focus on enhancing the Technical and Vocational Education and Training TVET programmes which should be industrial driven in nature. 
]]> 2019-05-29 15:43:22 UTC https://padlet.com/tiffanypei2034/zt9orxwjnxks/wish/364379117 fiona_lyb https://padlet.com/tiffanypei2034/zt9orxwjnxks/wish/364379304 What is the government doing to help fresh graduates find jobs?
https://www.nst.com.my/news/2017/01/204393/enhancing-employability-programmes-initiatives-help-unemployed-fresh-graduates
1. Start Training Scheme to train fresh graduates. This benefits  more than 97,000 graduates and they found jobs after they attended job training and improved their skills  
2. Training Programmes such as Skim Latihan 1Malaysia that targets to mitigate the predicament of unemployed youths. 
There is a network of government-linked companies and private firms that provides job training and skills development for participants. The programme is pretty successful, with 46,700 participants having found jobs. [https://www.theedgemarkets.com/article/ideas-sl1m-solving-problem-youth-unemployment ]
3. Another training programme is the Graduate Career Accelerated Programme (GCAP), a six-week training programme, sponsored by the government.
GCAP,  aims to improve the employment rate of unemployed graduates, and it is a skills upgrading training programme designed to transform graduates into highly-employable executives for the service industry.

GCAP is sponsored by TalentCorp under the Prime Minister’s Department, managed by MyPartners Sdn Bhd and designed and delivered by Scicom Education Group.

The programme is conducted in English, which specially emphasis on improving graduates’ oral skills.

4. TalentCorp, in its effort to help the unemployed, has introduced another training programme called Graduate Employability Management Scheme (GEMS).

Funded by TalentCorp, the main thrust of GEMS is to enhance graduate employability with the aim of reducing talent shortages in key areas of the economy by 2020. It also equips fresh and unemployed graduates with industry-relevant skills and experience via a place-and-train methodology.


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