PETALING JAYA: Malaysia's labour productivity rose 3.7% year-on-year in the second quarter of 2018, after registering 4.3% growth in the preceding quarter, according to Department of Statistics Malaysia (DOSM).
According to DOSM, the report presents statistics on labour productivity per hour worked and labour productivity per employment by kind of economic activity.
During this quarter, Malaysia's economy expanded 4.5% while hours worked increased 0.7%, the department said in a statement.
Meanwhile, it said labour productivity expressed in terms of value added per employment grew 2% as employment increased 2.4%.
It said the highest growth of labour productivity per hour worked was registered by mining and quarrying sector (6.2%), followed by construction (5%) and services sector (4.9%).
Agriculture sector recorded 3.4% while manufacturing sector grew 1.7% during this quarter, it added.
PETALING JAYA: Dagang Nexchange Bhd's (DNeX) shares fell 2.46% to 39.5 sen this morning, after its wholly owned subsidiary Dagang Net Technologies Sdn Bhd obtained an extension of time until Sept 3 to make an oral representation to the Malaysia Competition Commission (MyCC) with regard to a proposed RM17.4 million fine for alleged abuse of dominant power.
At 10.40am the stock was trading at 40 sen with 1.62million shares done.
DNeX is challenging MyCC's proposed decision.
MyCC alleged that Dagang Net abused its position as a monopoly in the provision of trade facilitation services under the National Single Window, refusing to supply electronic mailboxes to end users of the Customs Information System, and imposing barriers to entry to the extent that may harm competition.
Dagang Net was also provisionally found to have imposed an exclusivity clause on its business partners, which would have had the effect of distorting competition in an upcoming market by creating barriers to entry for Dagang Net's competitors.
MyCC proposed a directive on Dagang Net to cease and desist the infringing conduct of imposing any future clauses in its MyChannel Partner Agreements and any future conditions that new and/or additional mailboxes will not be provided to end users.
It also proposed for Dagang Net's directors and senior management to enrol into a competition law compliance programme and training within three months.
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