At last the MOF has been ‘pushed’ hard by the dwindling industries and retrenchment reports to admit that Malaysia is slowly falling into recession. It took more than two months for the MOF to publicly make this declaration.
What is holding them back for so long to admit the situation? Are they trying to manipulate [...]

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As reported by TheStar.com today some companies has alerted the Ministry of Human Resource (MoHR) that they are set to retrench their workforce early nextyear. Human Resource Secretary General Datuk Thomas George said the Ministry had been informed of significant lay-offs within next six months.
He expects the number of lay-offs to be 30,000 this time [...]

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