A new Loss and Damage Fund has been established to aid developing countries facing the brunt of climate change impacts.
Initial funding is $400 million, with pledges from Germany, UAE, UK, Japan, and EU.
Developing countries, like Malaysia, contribute little to climate change but suffer disproportionately from its consequences.
Malaysia’s wage landscape, influenced by factors like recent currency devaluation, escalating youth unemployment, and heavy reliance on foreign labour, primarily relies on the Minimum Wage Model. Despite the recent increase to RM1,500 per month with annual rises of 5.24% for Peninsular Malaysia and 6.49% for Sabah and Sarawak since 2013 recorded, overall labour productivity only managed a 2.3% annual increase from 2013 to 2022. This disparity between consistent minimum wage growth and slower productivity escalation poses indirect risks of potential job losses or underemployment in the long run. Could the Progressive Wage Model (PWM) provide a solution or bring about a positive impact to our wage landscape?
Malaysia’s wage landscape, influenced by factors like recent currency devaluation, escalating youth unemployment, and heavy reliance on foreign labour, primarily relies on the Minimum Wage Model. Despite the recent increase to RM1,500 per month with annual rises of 5.24% for Peninsular Malaysia and 6.49% for Sabah and Sarawak since 2013 recorded, overall labour productivity only managed a 2.3% annual increase from 2013 to 2022. This disparity between consistent minimum wage growth and slower productivity escalation poses indirect risks of potential job losses or underemployment in the long run. Could the Progressive Wage Model (PWM) provide a solution or bring about a positive impact to our wage landscape?
We appreciate the fact that the MOF has acknowledged the need for fiscal discipline and took the bold steps to move towards reducing the nation’s fiscal deficit progressively cognizant of the implications of any major shift in strategy. Nevertheless, we are relieved that the fiscal deficit for 2024 is targeted at 4.3% compared to 5% and above in the last two years.
In addition, we are glad that Budget 2024 attempts to redistribute savings from impending subsidy rationalisation and savings from more prudent government spending to widen the spread of aid, assistance, cash transfers to lower- and middle-income groups, and farmers. PM Anwar also assured Malaysians that the government will exercise responsible spending use the savings from lower subsidies to directly fund development activities including green initiatives, improving productivity of agro- activities and prioritise improving the living conditions for millions of government personnel.
MCA wishes to congratulate Barisan Nasional (BN) candidate Datuk Amizar Abu Adam and the entire BN machinery for the success in retaining the Pelangai state seat in yesterday’s (Oct 7) by-election.
The victory is a result of long hard work by BN and its component parties, namely UMNO, MCA and MIC in working the ground to ensure the legacy of the late Datuk Seri Johari Harun could continue under the leadership of Amizar and Pahang BN led by Menteri Besar Datuk Seri Wan Rosdy Wan Ismail.
MCA is grateful to voters in the Pelangai constituency for continuing to place their trust in BN.
马华策略分析及政策研究所副主席拿督杨燕美认为，华裔选民回流并支持国阵，包括支持来自巫统的候选人，成就了国阵在柏朗埃补选的胜利。
她发文告说，这场补选的胜利必须归功于国阵，包括其成员党巫统、马华和国大党在基层的长期努力。
“在过去两周，马华总会长拿督斯里魏家祥博士亲自领导助选机制，包括出席多场活动，会见当地居民和支持者，以个人直接接触选民的方式，对马华有效协助国阵竞选非常重要。”
杨燕美也赞扬由拿督斯里何启文所领导的马华彭亨州联委会及拿督简民发所领导的马华文冬区会，包括整个马华竞选团队，竭尽所能的联系并接触选民，鼓励选民踊跃投票。
Our key findings indicate Barisan Nasional (BN) holds a better chance compared to Perikatan Nasional in this battle which was triggered by the passing of former ADUN, the late Datuk Seri Johari Harun. Overall response from the 120 people we spoke to said they (62.5%) preferred BN to win in DUN Pelangai noting the contributions of previous ADUNs including the late Datuk Seri Johari and Tan Sri Dato’ Sri Haji Adnan Yaakob, who was also the former Menteri Besar of Pahang.
INSAP副主席李奕渊在文告中指出，整体而言，59%受访者满意安华政府表现，有40%巫裔受访者满意安华政府表现，25%巫裔受访者“不确定”安华政府表现。
马来西亚策略分析与政策研究所（INSAP）的一项研究显示，在3大族群受访者当中，巫裔对首相拿督斯里安华政府在管理国家和经济方面的满意度最低，只有35%；华裔及印裔受访者则分别高达77%和78%。
INSAP的这项研究是于今年5至6月间进行，实体访问292名来自雪兰莪和森美兰特定选区的民众。
研究结果显示，多达40%的巫裔受访者对安华政府的表现感到不满，25%表示“不确定”；华裔方面，有13%表示“不满”，10%表示“不确定”；印裔则有9%不满，13%不确定。
The Election Commission (EC) has announced state elections for six states after the states had reached their maximum term of administration. The six states – Kelantan, Terengganu, Kedah, Penang, Selangor, and Negeri Sembilan – did not hold elections simultaneously during the general election in November 2022.
