💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Malaysia to lift limit on hiring of foreign labour

Published 08/13/2020, 11:59 PM
Updated 08/14/2020, 12:00 AM

KUALA LUMPUR (Reuters) - Malaysia has decided to lift an earlier limit on the hiring of foreign workers meant to protect jobs for locals in most sectors, the Human Resources Ministry said late on Thursday.

Last month, the ministry said the hiring of foreign labour would be limited to the construction, agriculture and plantation sectors, a move to increase employment opportunities for locals affected by the coronavirus pandemic.

The ministry said more than 67,000 local workers and over 4,700 foreign workers had lost their jobs as of July.

"However, there were some employers who claim to still need a number of foreign workers and urged the government to withdraw the freeze on recruitment of new foreign workers," Minister Saravanan Murugan said in the statement.

Saravanan urged employers to prioritise filling job vacancies with local workers before considering re-employing foreign workers who are still in Malaysia with a valid work permit. The foreign workers, if rehired, must work in the same sectors they were previously employed in.

Malaysia hosts about 2.1 million documented foreign workers, according to government estimates.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.