UK pay growth cools, keeping BoE on track for another rate cut

LONDON: British pay growth cooled in the three months to July to a more than two-year low and employment shot higher, according to data on Tuesday which is likely to keep the Bank of England on track to cut interest rates again before the end of the year. British average weekly earnings, excluding bonuses, were 5.1%...

New Special Economic Zone may help stem exodus of Malaysians seeking work in Singapore, says Johor MB

JOHOR BARU: The state government hopes that the setting up of the Special Economic Zone and the Special Financial Zone here will help address the issue of locals moving to Singapore seeking employment. Johor Mentri Besar Datuk Onn Hafiz Ghazi feels that the factor of salary was among the main reasons for people seeking employment in...

Anwar returns Khazanah allowance, reiterates decision to forgo PM salary

PUTRAJAYA: Datuk Seri Anwar Ibrahim (pic) said he will be returning the allowance he received as the chairman of Khazanah Nasional Berhad, reiterating that he does not draw a salary for the position of Prime Minister that he has held since November 2022. Anwar, who is also Finance Minister, said he declined to accept the allowance and salary...

Budget 2024: Civil servants’ salary increment proposal reasonable, says Cuepacs

KUANTAN: The proposal for a RM300 increment in wages for civil servants in Budget 2024 is reasonable given that the last time their salaries were raised was about 10 years ago, said the Congress of Unions of Employees in the Public and Civil Services (Cuepacs). Its president Datuk Dr Adnan Mat said this also took into...