RM1 bil in productivity lost with every public holiday

Federation of Malaysian Manufacturers says 17 national public holidays a year are ‘too many’ and could discourage foreign companies from investing in Malaysia.

He told FMT he based the estimate on his knowledge that the private sector pays out RM27 billion in wages every month.This month, there were three long weekends due to replacement public holidays for Awal Muharram, Malaysia Day and the Yang di-Pertuan Agong’s birthday. Referring to holidays falling on weekends, he noted that there is no law requiring their immediate replacement, which would result in long weekends.“Employers can then better plan their resources to minimise disruptions,” he added.

Economist Barjoyai Bardai of Universiti Tun Abdul Razak called for increases in productivity in both the private and public sectors in the face of competition from neighbouring countries for foreign investments.He noted efforts by Thailand and Vietnam to improve their infrastructures, talent pools and productivity.

Source: Education Headlines (educationheadlines.net)

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