new jobs

 
 

Apple says will pay US$38b in taxes on repatriated profits

NEW YORK, Jan 18 — Apple announced yesterday it would pay some US$38 billion (RM150.46 billion) in taxes — likely the largest payment of its kind — on profits repatriated from overseas as it boosts investments in the United States. The…


ABM says banks may have to trim and realign workforce

KUALA LUMPUR: In line with digitalisation and emergence of financial technology in the banking sector, the Association of Banks in Malaysia said that banks may have to trim its workforce in certain areas and realign some of its manpower to key areas of focus.

Responding to media reports on banks offering voluntary separation scheme to employees, the association said in a statement that these initiatives were part of the banks’ effort to realign their strategies in relation to manpower requirements to enhance efficiency and to suit their respective business objective.

“To remain competitive in the digital banking sphere, banks have also initiated efforts with staff retraining, upskilling and/or redeploying opportunities in order to meet current demands of the banking industry,” the association said on other efforts banks are embarking on in terms of managing its manpower.

Our member banks place great emphasis and investment in providing continuous training for the development of their workforce. They also remain committed to delivering quality banking services,” it added.

As at end November 2017, there were over 4,000 vacancies in the banking industry while more than 4,500 new jobs were created between January to November 2017.

Most of the new jobs created were in the areas of automation and information technology which is crucial to meet the demands of the evolving dynamics of the digital banking eco-system.


Walmart hikes minimum wage, announces layoffs on same day (VIDEO)

NEW YORK, Jan 12 — Walmart will raise entry-level wages for US hourly employees to US$11 (RM44) an hour in February as it benefits from last month’s major overhaul of the US tax code and competes for low wage workers in a tight labour market….


Walmart hikes minimum wage, announces layoffs on same day

NEW YORK, Jan 12 — Walmart will raise entry-level wages for US hourly employees to US$11 (RM44) an hour in February as it benefits from last month’s major overhaul of the US tax code and competes for low wage workers in a tight labour market….


US gains 148,000 jobs in December, unemployment still 4.1pc

WASHINGTON, Jan 5 — The US economy’s job creation ability disappointed in December, despite solid hiring in manufacturing and construction, according to government data reported today. While the unemployment rate held steady at the 17-year…


America’s missing workers: Matching jobs with the jobless

WASHINGTON, Dec 17 — A few years ago, Derek Hobbs could not find a job. He had three strikes against him: his age, 55, a criminal record, and a drug addiction that kept him out of the formal workforce for more than 25 years. When he decided to…


MyCEB’s Kesatria 1Malaysia Programme has an estimated economic impact of RM2 bln

KUCHING: Kesatria 1Malaysia Programme, an initiative by Malaysia Convention & Exhibition Bureau (MyCEB), an agency under the Ministry of Tourism and Culture Malaysia, has contributed to 123 successful internatinal business events leads, attracting a total of 188,317 delegates with an estimated economic impact of RM2 billion. According to the deputy secretary general (Tourism), Ministry of […]


Gamuda to only secure RM2 billion new jobs annually in FY18-FY20F — Analysts

KUCHING: Despite having several mega projects on Gamuda Bhd’s (Gamuda) radar, analysts are conservatively assuming that the group will only secure RM2 billion new jobs annually for its forecasts for financial years 2018-2020 (FY18 to FY20F). According to AmInvestment Bank Bhd (AmInvestment Bank), Gamuda recently updated analysts on the group’s strategy on key projects it […]


Digital economy in the spotlight as Malaysia commits to tech expansion, education

Malaysia has taken another step towards expanding its digital economy, with the newly tabled 2018 budget containing a series of initiatives designed to promote growth in tech companies and ICT skills development. Included in the budget, submitted to Parliament on October 27, was a RM250 million (US$59.1 million) pledge to improve the digital education of […]


Brexit chaos casting dark cloud over every aspect of business

LONDON, Dec 7 — With Prime Minister Theresa May’s Brexit plans up in the air, the world of business looks on disconcerted — banks especially are close to their point-of-no-return. The head of the country’s main business lobby group…