Important for Malaysia to continue its efforts against human trafficking


Malaysia is dependent on foreign labour based on 2022’s employment numbers by the Statistics Department, 11.6% of its workforce comprised foreigners.

PETALING JAYA: It is crucial that Malaysia continues its efforts against human trafficking and forced labour given its dependency on labour, says Hong Leong Investment Bank (HLIB) Research.

The research house said that failure to do so could lead to economic ramifications such as Tier-3 countries may face certain sanctions by the US pursuant to the Trafficking Victims Protection Act and Customs and Border Protection imposing import restrictions on goods that have been produced using forced labour.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

HLIB , trafficking , labour , human rights , migrant , workers

   

Next In Business News

Malaysia's private non-financial sector's credit growth moderated to 4.8% in September
US tariffs on China to have mixed impact on Asean economies - OCBC
Minox International proposes 1-for-2 bonus issue of warrants
UBS posts bigger-than-expected net profit in third quarter
China and Hong Kong stocks drop as US election risks loom
StanChart third-quarter profit more than doubles on strong wealth growth, raises guidance
Bursa Malaysia's net profit jumps 42% to RM85.74mil in 3Q as ADV climbs
FBM KLCI slides as US election jitters mount
Australian dollar stuck near three-month lows on mixed inflation data
Axis-REIT raises RM449.73mil from private placement

Others Also Read