Malaysia’s construction and property sector is likely to see retrenchments in the first half of this year, said recruitment agency Randstad.
Bulk hiring activities have slowed down since May last year and companies have since focused on getting their projects approved or reapproved by the new government, the agency said in its 2019 market outlook report.
While the government’s decision to prolong the duration of projects can save on operational costs in the long term, it will also cause the demand for manpower to drop, the report noted.
Media Title: The Edge Financial Daily
Date: 18 Jan 2019