May 8, 2023 | Business
foundit (formerly Monster APAC & ME) (www.foundit.my), one of the leading talent platforms, today published the foundit Insights Tracker (fit) for Malaysia, formerly published as Monster Employment Index (MEI). According to the tracker, e-recruitment in Malaysia has grown impressively by 13% over the past six months.
Additionally, the tracker recorded a YoY increase of 2.6%, with the index rising to 78 in March 2023 from 76 in March 2022. The tracker showed a 3% rise month over month, with an index of 76 in February. These encouraging figures imply that the labour market is improving gradually but steadily and that demand for online jobs will continue to increase in the upcoming months.
Commenting on Malaysia’s job trends for Malaysia, Sekhar Garisa, CEO, foundit, said, “The job market in Malaysia has displayed remarkable resilience, showing consistent growth over the past year, reflecting a gradual but positive shift in the labour market. Despite ongoing concerns surrounding the global economic outlook, many companies are still actively seeking new talent, particularly individuals with specialized, high-demand skill sets. Hence, job seekers must stay up-to-date with industry demands and focus on building skills that give them an edge.”
Hospitality and Retail Top the Charts, while IT and Logistic Industries Witness a Drop in Hiring Activity
The fit reveals that the Hospitality industry continued to dominate the job market in March 2023, with a YoY increase of 59%. The industry’s increased adoption of sustainable solutions has been key in driving hiring demand. The Retail and BFSI industries saw a YoY increase in hiring demand in March 2023, with a 26% rise in Retail due to increasing sales in the consumer market, while BFSI saw a 17% increase driven by the development of digital banking ecosystems. Among others, the Oil and Gas industry saw an improved hiring demand in March 2023 with a YoY increase of 6%, as the sector was going through its low since November 2021.
However, the IT, Telecom/ISP, and BPO/ITES industries recorded a consecutive drop in hiring activity, with a YoY decrease of 24%. This trend can be attributed to recent retrenchments and hiring freezes by major tech companies. Additionally, the Logistics, Courier/Freight/Transportation, and Shipping/Marine industries experienced a major setback in hiring demand, with a YoY decrease of 21%. Other industries such as Engineering, Construction and Real Estate, Production/Manufacturing, Automotive and Ancillary, and Advertising, Market Research, Public Relations, Media, and Entertainment also saw a decline in hiring. These changes could be due to uncertain global economic conditions.
Hospitality & Travel, Sales & Business Development, and Finance & Accounts Lead the Way in Hiring Trends
In terms of functional roles, Hospitality & Travel saw the most significant demand in March 2023 with a growth of 210% YoY, followed by Sales & Business Development, which registered a consecutive uptick in hiring demand of 15% YoY. The Finance & Accounts function also saw an increase in risk management and compliance roles, with a growth of 13% YoY. The hospitality sector is experiencing a surge due to the rise in domestic tourism. Similarly, the Finance & Accounts function is seeing a rise in compliance roles due to regulatory changes, online sales channels.
On the other hand, the pace of growth moderated further for Customer Service roles, which registered a double-digit decline of 51% YoY. Additionally, Purchase/ Logistics/ Supply chain and Software, Hardware & Telecom job roles exhibited a decline in online recruitment levels vis-a-vis the previous year in March 2023, with a decline of 9% YoY and 3% YoY, respectively. There were fewer opportunities created YoY for Engineering/Production, and Real Estate professionals, with a decline of 2%, while other functions such as Marketing & Communications and HR & Admin saw a positive trend of 8% YoY and 1% YoY, respectively.
The foundit Insights Tracker is a comprehensive monthly analysis of online job posting activity conducted by foundit. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, the foundit Insights Tracker (FIT) presents a snapshot of employer online recruitment activity nationwide.
Period for the report
The period considered for the foundit Insights Tracker (fit) data is March 2022 to March 2023.
About foundit – APAC & Middle East
foundit, formerly Monster (APAC & ME), is a leading talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. Since its inception, the company has assisted over 75 million registered users to find jobs, upskill, and connect with the right opportunities across 18 countries. Over the last two decades, the company has been a catalyst in the world of recruitment solutions with advanced technology, seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalized job searches and precision hiring. foundit strongly believes that a job title doesn’t define one’s potential and leverages technology to dig deeper to curate opportunities central to the needs and aspirations of each user.
To learn more, about foundit in APAC & Gulf,
Visit: www.foundit.my | www.foundit.com.ph | https://www.foundit.in| | https://www.foundit.sg | www.foundit.com.hk | https://www.foundit.idhttps://www.founditgulf.com | https://www.foundit.sg | www.foundit.com.hk | https://www.foundit.id
Topic: Press release summary
Mar 15, 2023 | Books, Business
IRVINE, Calif. – March 13, 2023 – PRLog — MATRADE is a Malaysian national trade promotion agency under the Ministry of International Trade and Industry (MITI) whose purpose is to develop and promote Malaysia’s export to the rest of the world. Its main mission is to promote Malaysia’s numerous enterprises while assisting and developing Malaysia’s external trade with particular emphasis on the export of manufactured and semi-manufactured products. To do this, MATRADE has formulated and implemented a national export marketing strategy, in addition to undertaking commercial intelligence and market research. It has also created a comprehensive database of information for the improvement and development of trade.
Malaysia is already rated as one of the world’s leading exporting nations, supplying products to over 200 countries worldwide. However, to raise the profile of Malaysian exporters and give them a competitive edge in foreign markets, particularly the USA (Malaysia’s third-largest trading partner), MATRADE disseminates timely and relevant information and market intelligence. For example, bilateral trade in goods with the United States rose to $71.4 billion in 2021, with U.S. imports from Malaysia totaling $56.2 billion, a 27.3% ($12.1 billion) increase.**
The figures from 2022 are expected to be even greater, reflecting further steady growth in the amount of goods exported from Malaysia to the U.S. This trend represents significant possibilities for the thousands of SME operations based in Malaysia who want to establish a presence in the United States. However, in order to take full advantage of these openings, a SME must have the right tools and that is where MATRADE has stepped up and delivered what is sure to be a huge advantage.
One specific point that MATRADE emphasizes to manufacturers seeking international opportunities, especially in the United States, is the need for a dedicated online B2B marketplace platform as ecommerce becomes more digitized. To that effect, MATRADE has partnered with GoBiz USA, a globally-driven, US-based service platform and B2B marketplace designed to help new business owners navigate the challenges of starting a business, structure, and scale their operation by providing state-of-the-art resources. GoBiz USA has strong ties to the Malaysian market and an established presence in the country, with the goal of helping Malaysian manufacturers gain entry into the American marketplace.
GoBiz USA is poised to accomplish this by working closely with MATRADE in order to onboard Malaysia-based manufacturers to the GoBiz platform (https://www.gobizusa.com/partner-contact), smoothing out the flow of importing their products into the United States and ultimately connect them with US-based vendors, distributors, resellers and the like.
GoBiz USA is uniquely positioned to assist Malaysian manufacturers in a wide variety with exclusive services and resources:
- Market Expansion: GoBizUSA can help Malaysian manufacturers expand their market presence in the United States and other markets. With their knowledge of the US market, they can offer advice on market entry strategies, regulatory compliance, and the identification of prospective partners and customers.
- Business Development: GoBizUSA can help Malaysian manufacturers expand into new US markets and territories by identifying potential partners, suppliers, and customers. In addition, GoBiz USA can aid in developing an entry strategy and conducting market research of trending products and current market conditions.
- Export Assistance: GoBizUSA can assist Malaysian manufacturers in navigating the complexities of exporting products and services by providing guidance on regulatory compliance, identifying potential markets, and locating dependable partners.
- Supplier Contracting: GoBizUSA can help Malaysian manufacturers initiate supplier contracts by providing guidance on the tendering process, contract administration, and compliance with US regulations.
With the GoBiz USA Oracle Netsuite executive level platform, Malaysian manufacturers will get access to a unique dashboard that will allow them to conduct their entire business in a streamlined manner and be able to network with business owners in order to gain market share in the United States.
Go to www.gobizusa.com to find out how GoBiz USA can offer more business opportunities.
Dec 3, 2022 | Business
A total of 95 Malaysian investors took part in the Indonesia Investment Forum which was co-organized by the Ministry of Investment/Investment Coordinating Board (BKPM) of Republic of Indonesia and the Consulate General of the Republic of Indonesia (KJRI) Penang in Penang, Malaysia, Tuesday.
Promotion Director for Southeast Asia, Australia, New Zealand and the Pacific Region of the Ministry of Investment/Investment Coordinating Agency (BKPM) Saribua Siahaan said, “The ministry together with the Indonesian Consulate General in Penang received information that many potential investors in Malaysia were interested in investing in Indonesia, particularly, in Medan, North Sumatera and in Indonesia’s New Capital City (IKN).
“Therefore, we have come here to directly meet and talk to the investors about the potentials,” said Saribua. Malaysia is among the top 10 investors in Indonesia, with investment over the last 5 years (2017-2021) reaching US$ 6.76 billion.
Penang was chosen as the location for the event because the city is a manufacturing hub in Malaysia, hosting Excellence in Industry 4.0 through which it is expected to increase awareness and interest of Malaysian investors in investment opportunities in Indonesia.
“Malaysia is one of the biggest investors in Indonesia, mostly in Sumatra. And we hope the investment can be expanded in other locations, especially in IKN,” said Saribua.
Consul General of the Republic of Indonesia in Penang, Bambang Suharto, added, “Penang as home to 300 MNCs (Multi National Corporations) and 3,000 SMEs (Small Medium Enterprises) has various similarities and closeness with Indonesia, namely the geography, community diversity and culture.
“Indonesia, as predicted by the OECD (Organization for Economic Co-operation and Development), will be the 5th largest economy in the world by 2045, and offers great opportunities to Malaysian investors to invest in Indonesia and grow together with Indonesia,” said Bambang.
The event also presented a number notable speakers including Assistant Deputy for Investment Acceleration Strategy and Policy at the Coordinating Ministry for Maritime Affairs and Investment, Ferry Akbar Pasaribu; Head of the Indonesian Investment Promotion Center in Singapore Andria Buchara; Kuala Tanjung Industrial Estate Business Director, Saut Fransiswoyo Siagian; and the Medan Industrial Park Development and Operations Director, M Hita Tunggal.
Ministry of Investment (BKPM)
Investment Coordinating Agency
Topic: Press release summary
Jul 17, 2022 | Business
Malaysian Genomics Resource Centre Berhad (Bursa: MGRC, 0155), a leading genomics and biopharmaceutical specialist, announced today that the Company has appointed Dato’ Seri Dr Chen Chaw Min as the Independent Non-Executive Chairman of the Board of Directors.
The appointment is effective 15 July 2022, following the resignation of Tan Sri Ahmad bin Mohd Don on 12 July 2022.
Dato’ Seri Dr Chen, who was appointed to the Board on 3 August 2021, was with the Malaysian civil service from 1988 until his retirement in February 2021. He was the Secretary-General of the Ministry of Health (MOH) from July 2015 until his retirement and has also served in various capacities in the Ministry of Finance (MOF) from 1990 until 2014.
Dato’ Seri Dr. Chen said, “I feel privileged to take on this role at such an exciting time for Malaysian Genomics. The Group is currently expanding downstream to healthcare services and pioneering holistic care which will benefit many for the years to come, I hope that my experience in both MOH and MOF will be able to add knowledge and insights to support the Company’s growth.”
Dato’ Alvin Joseph, Executive Director of Malaysian Genomics said, “We welcome Dato’ Seri Chen to the Board of Malaysian Genomics as Chairman of the Board and look forward to working with him in ensuring proper governance in our business operations. His extensive experience in the civil service and in particular in MOH will be invaluable to us.”
“We would like to extend our thanks to Tan Sri Ahmad bin Mohd Don for his invaluable contributions and guidance to the Board in executing their duties. We wish him all the best in his future endeavours.”
Dato’ Seri Dr Chen obtained a doctorate in finance from Universiti Putra Malaysia in 2005. He received an MBA (Finance) from University of Illinois in 1997 and a Bachelor in Surveying from University of Technology, Malaysia, in 1985.
Malaysian Genomics Resource Centre Berhad: 0155 [BURSA: MGRC] [RIC: MGRC:KL] [BBG: MGRC:MK], http://www.mgrc.com.my/
Topic: Executive appointment
Jun 13, 2022 | Business
Malaysian Genomics Resource Centre Berhad (Bursa: MGRC, 0155), a leading genomics and biopharmaceutical specialist, is pleased to announce that it is uplifted from being classified as an affected listed corporation effective 13 June 2022.
This followed the decision by Bursa Securities Malaysia Berhad to grant the Group a waiver in submitting a regularisation plan after being classified as an affected listed corporation pursuant to Rule 8.03A of the Listing Requirements. Bursa Securities had made the classification according to Rule 8.03A on 24 December 2019 and Malaysian Genomics had submitted an application seeking approval to exempt the Group from submitting a proposed regularisation plan on 24 March 2022. The waiver was granted on 10 June 2022.
Encik Azri Azerai, Executive Director of Malaysian Genomics, said, “I am extremely thankful to the team for working diligently to get Malaysian Genomics out of the affected issuer classification status and welcome this news from the regulator. Our diversification into biopharmaceutical services, in particular the distribution of immunotherapy and cell therapies, has supported the financial performance of the Group. I believe that we can grow together, as a team.”
In a recent announcement on its 3Q 2022 performance, Malaysian Genomics reported a profit before tax (PBT) of RM1.96 million compared with PBT of RM0.2 million in 3Q 2021. Earnings per share (EPS) stood at 1.60 sen for 3Q 2022 compared with EPS of 0.19 sen in the corresponding quarter of the previous financial year.
Mr. Sasha Nordin, Chief Executive Officer of Malaysian Genomics said, “We will continue to seek opportunities through collaborations and partnerships targeting new consumer and market segments, including those beyond Malaysia, as we strive to widen our reach and capitalise on heightened awareness on health issues across the region and farther afield. We look forward to introducing new products and markets in the near future.”
Dato’ Alvin Nesakumar, Executive Director of MGRC, said, “As we have shared before, we are also moving towards offering our products and services through adopting a business-to-consumer strategy to complement our business-to-business approach because trends are changing and technology enables us to reach out directly to consumers. This new approach will give us better insight into what the market needs.”
Malaysian Genomics Resource Centre Berhad: http://www.mgrc.com.my/
Malaysian Genomics Resource Centre Berhad: 0155 / [BURSA: MGRC] [RIC: MGRC:KL] [BBG: MGRC:MK]
Topic: Press release summary