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Showing posts from March, 2009

PSM is still waiting for EC’s approval

Parti SoSialis Malaysia (PSM) is concerned that if the Election Commission (EC) does not approve its party logo – a fist – it may not be able to contest in any state election. Founding member Dr Michael Jeyakumar Devaraj said that the EC, in its letter dated Feb 13, had questioned the PSM logo because “it is morally unsuitable” and “has connotations of violence.” “They had sent a letter to the ROS to enquire whether the symbol represents violence and they said that the Registrar of Societies (ROS) had not replied,” he said, adding that the ROS was not the issue because it had approved the whole registration in August. “We sent a memorandum to the EC on March 19 on the matter,” he said, adding that PSM had been using the fist symbol since 1998 when the party first applied for registration. The EC would not be independent in its decision making if it rejects the symbol, Dr Devaraj said. “They should be consistent in their decision since Umno has a keris symbol and the tiger symbol of an ...

Over 26,000 jobs lost in Malaysia

MORE than 26,000 people have lost their jobs in Malaysia so far this year as the economic slowdown forced employers to cut back, state news agency Bernama has reported. Malaysian Employers Federation executive director Shamsuddin Bardan told the press he expected further job losses in the coming weeks. He said a 16.2 billion dollar stimulus package unveiled earlier this month had not provided immediate incentive for companies to retain their workers. The government has slashed its work permit approvals for foreign workers by almost 70 percent so far this year and cancelled work visas for 55,000 Bangladeshi workers after unions said the situation for Malaysians was bleak enough. In January, the government also banned the hiring of new foreigners in the manufacturing and services sectors after a report forecast 45,000 Malaysians would lose their jobs in the next few months. Malaysia is one of Asia's largest importers of labour and has an estimated 2.2 million foreign workers, who are...

Unions see no reason for low EPF dividends

The unusual low dividend of 4.5% expected to be declared by the Employees Provident Fund (EPF) has incurred the wrath of worker unions in the country. "EPF is a cash rich entity. There is something wrong if there are no reasonable and acceptable dividends being paid out to workers," said National Union of Bank Employees (NUBE) secretary-general J.Solomon. "This has been going on for years.... where money from EPF have been used to fund government projects and to bail out ailing companies which later rake in huge profits with CEO and managements enjoying fat bonuses of between 20 to 30 months," he said. "But what about the poor workers in the private sector whose money were used for these bailouts, what are they getting?" he asked, adding that their civil service counterparts are getting a better deal with Cost of Living Allowances (COLA) and other perks. "We have also, time and agains, questioned EPF's investment decisions in certain companies. Th...

Pengedaran Risalah Membantah Penswastaan Hospital Kerajaan

Pengedaran Risalah Membantah Penswastaan Hospital Kerajaan anjuran Kongress Kesatuan Sekerja Malaysia (MTUC). Tempat: Komplek Kerajaan Jalan Duta, Kuala Lumpur Masa: 11.45 pagi Tarikh: 27hb February 2009 Sokongan anda adalah amat dialu-alukan.

EPF dividend for 2008 a mere 4.5%?

According to Malaysiakini recently, Employees Provident Fund (EPF) contributors must brace themselves for some bad news - EPF is expected to declare a mere 4.5% dividend for 2008. Where did all our investment savings went to? The finance ministry and the federal government must explain to the people, particularly the workers on the losses that EPF had incurred last year. The finance ministry and federal government must also explain to us the investments, loans and bail outs that they made in the interest of certain people.