Issue link: https://read.uberflip.com/i/1324354
88 November, 2020 Malaysia Global: 35 Availability: 33 Cost: 49 Regulation: 45 Productivity: 14 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 15) Region: 9 Availability: 10 Cost: 10 Regulation: 8 Productivity: 7 Remote Readiness 9 Remote Readiness 32 Borders are closed to foreign residents. Domestic travel is subject to local restrictions. Social distancing and face masks are required in public. Due to increasing case numbers, schools closed for the year on November 9. 4.4% 8.8% 0% 20% Malaysia Regional Ave. % of GDP Malaysia Q4 2019* Q4 2020* % Change YOY Total Workforce 15.7M 15.8M +0.8% Unemployment Rate (%) 3.3% 4.6% +39% Unemployed Workers 519K 729K +40% $14.9 billion USD has been spent by Malaysia in response to Covid-19. Measures to protect employment and businesses include: • Wage subsidies to encourage employee retention • Incentives to hire and train new employees • Social protection for the Gig economy and the informal sector • Reduction in Human Resources Development Fund payments and the foreign worker levy • Grants for some small businesses and rent discount for Government owned premises • Child care subsidies, flexible work and social and health assistance to vulnerable groups • Support for sectors that have been impacted most https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/ https://newss.statistics.gov.my