JobsDB Moments
IMF: Worst of Recession Is Over
If there are authorities that truly knows the global economy, the International Monetary Fund is one of them. And they have good news.
According to reports, its First Deputy Managing Director John Lipsky said the recent increase in oil prices indicates that the worst of the recession may be easing. He also said global oil demand is expected to recover only gradually.
Reports noted that oil prices climbed to about US$60 per barrel recently, almost double their level in December. The increase reflects "a general improvement in sentiment on signs that the sharpest period of decline in the global economy is over," Lipsky said in Rome, addressing a gathering of G8 energy ministers.
Prices also rose on "expectations that the contraction in oil demand may bottom out soon," he added.
Graduates employed in short time
The worst fear amongst graduates may be unfounded after all. Reports noted that more than 60% of university graduates find jobs within six months of graduating – despite the economic slowdown.
According to the Higher Education Deputy Minister Dr Hou Kok Chung, the other 40% – who are more choosy, or want to start their own business, or venture into sectors and enterprises they are more keen on – will find employment within one year.
He noted that The figures showed that jobs were still plentiful in the country despite the economic downturn that had hit many other nations badly,
It also showed that local graduates were very marketable, and that institutions of higher learning in Malaysia, both private and public, had achieved very high academic standards, he added.
Selangor Needs 150,000 Workers For Mega Projects
There are still more job offering out there, as Selangor government recently announced that it may require 150,000 workers when it carries out five mega projects under its RM50 billion economic stimulus package
It’s Menteri Besar Tan Sri Abdul Khalid Ibrahim said the projects comprised the development of rivers, towns, light rail networks and broadband communication systems as well as the rehabilitation of stalled housing projects.
The employment opportunities would be created in stages with phase one involving technical fields such as engineers, draughtsmen and surveyors, he told reporters after launching the Sijangkang Entrepreneurship and Agriculture Carnival here today.
No increase in number of workers retrenched
More good signs in the employment arena. The number of workers expected to be retrenched in the second half of the year is about the same as in previous years.
“There has been no extraordinary increase. Only 4,000 workers are expected to be retrenched, based on the request from the employers,” said Human Resources Minister Datuk Dr S. Subramaniam in a media report.
“There have also been requests for recruiting more workers. This is a very healthy sign,” he told reporters after witnessing the signing of the collective agreement between MOX-Linde Gases Sdn Bhd and the Chemical Workers Union of Malaysia.
The report noted that all employers must inform the Manpower Department at least two months in advance before undertaking any retrenchment exercise.
(Source: Jobsdb Malaysia)
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