The amended law reframes the calculation of fringe benefits for individuals who work on public works projects and mandates annualization of such benefits, demolishes the practice of frontloading these benefits, and requires employers to maintain inspection-ready records of compliance.
The Federation of Malaysian Business Associations stated that a blanket work-from-home policy could cost the Klang Valley hundreds of millions of ringgit a month, emphasizing that these losses are expected to be 1.9x to 2.9x higher than the projected savings of widespread work-from-home arrangements.
Remote work not only increases worker efficiency but also helps state workers who are struggling to pay bills. It costs state workers roughly $6,000 a year to come into office four times a week.
The dollar index held broadly steady on Thursday, as a fragile ceasefire between the US and Iran kept investor sentiment cautious. Reports that oil tanker transit through the Strait of Hormuz remains constrained, alongside some ongoing tensions in the Middle East, have kept markets on edge.
"For the first time, a rigid office attendance mandate has been broken and replaced with a more sensible, flexible approach based on what actually works," General Secretary Fran Heathcote said. "This has been a long campaign and reaching a deal members could accept reflects the determination of PCS members at ONS, the hard work of their reps and the value of trade unionism."
Unemployment remained little changed from December, falling slightly to 4.3% with 7.4 million people unemployed. Both of these figures are higher than they were a year ago, when the jobless rate was 4.0%, and the number of unemployed people was 6.9 million. The jobs report beat estimates; the unemployment rate fell, and the internals of the report were fine too.
In a note on Saturday, he recalled economist Robert Solow's quip from the 1980s as PCs were transforming the economy: "You can see the computer age everywhere but in the productivity statistics." The same thing can be said today about AI, Slok wrote, noting that data on employment, productivity and inflation are still not showing signs of the new technology.
The workforce continues to change as more employees work from home or switch jobs to move beyond living paycheck to paycheck. However, some employees may also have changed jobs out of necessity as companies lay off workers in an attempt to trim costs. Millions have faced layoffs in the past year, and 2026 is off to a similar start, with tech companies starting to lay off significant portions of their workforce.