JobsDB Moments (October 2009)
Socso: More Erring Bosses
It's fine galore at Social Security Organisation (SOCSO) when it noted that 4,173 employers have been slapped with RM500 compound notices since it launched its latest operation to identify those who fail to register with it.
The News Straits Times reported that they were among the 21,370 employers checked so far under the operation codenamed "Ops Kesan Perkeso 2009" which was launched last month.
Socso chief executive officer K. Selvarajah was quoted in the report as saying that the errant employers were given two weeks to settle the compound fine, failing which they would be charged in court.
If found guilty, they can be sentenced to two years' jail or a fine of RM10,000 or both under the Employees' Social Security Act 1969.
"The operation is also aimed at protecting employees under the Employment Injury Insurance Scheme (EIIS) and the Invalidity Pension Scheme (IPS)," he added.
The report also noted that many of the errant employers were identified through their employees who came to Socso offices to make claims under either the EIIS or IPS.
"Some employers deduct the money from the workers' pay for Socso but do not remit it to Socso," he said, adding many times employees lose out on their benefits due to their employers' failure to remit the contributions.
Bank Negara: More signs of recovery.
Our economy is set for full recovery and more resources are saying so. According to the media report, Malaysia’s central bank (Bank Negara) has become more confident the South-East Asian nation is recovering from the global recession
It was quoting Credit Suisse Group said citing a meeting with deputy governor Datuk Ooi Sang Kuang.
The central bank’s “view is that the signs of an economic recovery seem evident,” Danny Goh, an analyst at Credit Suisse was quoted in the report.
He added that it is only unsure on whether the economic rebound will be modest or sharp,
Malaysia’s economic contraction eased to 3.9% last quarter from a 6.2% decline in the first three months, and policy makers expect gross domestic product (GDP) to resume growth at the end of the year.
The report also noted that the country’s export and manufacturing slump has abated as economies from Singapore to China emerge from the world’s deepest recession since the Great Depression.
Fancy becoming a Reserve Soldier?
Well, you can hold your day job and still become a soldier, the reserve type.
A call was made by the Defence Minister, Datuk Seri Dr Ahmad Zahid Hamidi, for private and foreign companies nation side to allow their employees to join the Territorial Army (TA), as part of their social responsibility to the nation's security.
"The support from private companies is seen as a commitment to the overall security for all races in the nation," he was quoted by the wired news agency, Bernama.
He hoped that heads of department, and district and state government agencies would encourage employees in the public sector to join the TA to boost the number of reserved soldiers in the Armed Forces, the report said.
Ahmad Zahid said, TA would also be given training to handle natural disasters.
"The ministry targets to have a ratio of one soldier to five reserve soldiers, thus allowing more people to join the military service," he added.
A noble effort indeed if the private companies are willing to participate.
RM2bil Projects From Iskandar.
As economy recovers from crisis, good news comes a calling and one positive announcement is RM2 billion project over the next 12 months from Iskandar Investment Bhd (IIB) that would mean more employment.
IIB is the developer of Iskandar Malaysia. According to its president and chief executive Arlida Ariff the tenders would comprise projects under the Ninth Malaysia Plan (9MP), of which RM1bil had been allocated, and those investments committed by IIB.
The tenders to be awarded under the 9MP allocations are mainly infrastructure projects.
Meanwhile, 80% of the investment committed by IIB will be for infrastructure and the balance for mixed development,” Arlida was reported as saying.
She said the tenders would involve infrastructure in Medini and EduCity as well as accommodation units for students at Newcastle University Medicine Malaysia. The duration of contracts ranged from six to 24 months, depending on the job scope.
(Source: Jobsdb Malaysia)
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