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IOI: Low impact from minimum wage hike

The Star LogoThe Star2w ago

IOI: Low impact from minimum wage hike - The Star

Quick Summary:

IOI Corp Bhd expects minimal overall impact on its bottom line following the government’s move to hike minimum wages and impose mandatory foreign worker contribution to the Employees Provident Fund (EPF).

CEO Lee is confident that IOI Corp is on track to improve its yields in the longer term.

This may improve further for West Malaysia by up to 10%.“Mechanisation will still require workers to drive the trucks while farm automation requires mobile devices to check the crops – for these we will employ locals.


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Article Details

Author / Journalist: DANIEL KHOO

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 00:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 808 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23436939

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 51 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 31 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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The story "IOI: Low impact from minimum wage hike" has 808 words across 24 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Which news outlet covered this story?

The story "IOI: Low impact from minimum wage hike" was covered 2 weeks ago by The Star, a news publisher based in Malaysia.

How trustworthy is 'The Star' news outlet?

The Star is a fully independent (privately-owned) news outlet established in 1971 that covers mostly economy and business news.

The outlet is headquartered in Malaysia and publishes an average of 51 news stories per day.

It's most recent story was published 31 minutes ago.

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  • News ID: #23436939
  • URL: https://beamstart.com/news/ioi-low-impact-from-minimum-17308373271441

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