KUALA LUMPUR, March 20 — A comprehensive rethink of immigration policies is crucial to extricate Malaysia from its dependence on low-skilled, low-wage foreign workers and...
Ruckus in Parliament as Opposition accuse govt of bulldozing Bill on foreign country’s immunity, claim PM given absolute power
Urgent steps must be taken to address skills mismatch prevailing in the country, it said in highlighting the case for labour market reforms in Malaysia in its Economic and Monetary Review 2023 report released today.The central bank lamented that of great concern is the large number of existing pool of graduates being unsuitable for high-skilled jobs while firms face difficulties in filling existing high-skilled jobs.
It said generative artificial intelligence is also expected to affect white collar knowledge workers who undertake tasks involving data analytics, pattern recognition and routine decision-making. Between the fourth quarter of 2019 and fourth quarter of 2023, the number of employed high-skilled workers rose by 6.6 per cent to 2.19 million persons from 2.05 million persons, it said.
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