Malaysia – The Department of Statistics Malaysia (DoSM) is confident about Malaysia’s economic recovery in Q3 2022, despite external threats and downward pressure following Q1 2022’s favorable performance. Datuk Seri Mohd Uzir Mahidin, chief statistician, said several nations performed better in Q1 2022, suggesting economic recovery despite various global crises producing supply chain disruptions, inflationary pressure, and monetary policy tightening. …

Malaysia – As most businesses prepare for the May 1 implementation of the new RM1,500 minimum wage, questions persist over whether SMEs can afford the extra expense. The new standard comes as the economy continues to recover from the Covid-19 outbreak. Despite the complete adoption of a minimum wage in January 2013 and subsequent increases in 2016 and 2019, data …