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83 Malaysia 174 0 50 100 150 200 250 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2019 2020 2021 In Thousands Q4 2021 Total Labor Force (000s) 16,190 Employed Workers (000s) 15,461 Unemployed Workers (000s) 729 Unemployment Rate 4.5% 15,204 15,222 15,112 15,259 15,461 Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 3.3% 3.9% 4.6% 4.7% 4.5% Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 79% - First Vaccine Dose (December 2021) Covid Update Although vaccines have only been mandated for federal government employees, non- vaccinated people face additional restrictions. 14% 24% 10% 0% 25% 50% 75% Employer Tax Profit Tax VAT Malaysia Regional Average Other Cost Considerations - Tax Indicative Wages (USD) $705 $785 $1.39 $0 $5 $10 $15 $0 $2,500 $5,000 Average Wage Manufacturing Wage Minimum Wage Malaysia Regional Average Current proposals to change the Labor Act. Inflation in Malaysia was at 2.9% year on year in October. Minimum wages are due to be revised in February although there is concern that any increases will impact the economy. Working Population (in Thousands) Over Time Unemployment Rate Over Time Labor Force Statistics Hiring Demand Trend Monthly Hourly Key Sources: https://wageindicator.org/ https://ilostat.ilo.org/ https://www.worldbank.org/ https://tradingeconomics.com/ https://home.kpmg/xx/en/home.html https://taxsummaries.pwc.com https://www.bnm.gov.my//