Allowing refugees to work would boost economy, govt revenue, says think tank

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

IDEAS urges the government to move forward with its manifesto promise of granting refugees the right to work.

There are over 160,000 refugees and asylum seekers in Malaysia registered with the UNHCR.

IDEAS chief executive Ali Salman said Malaysia already has a good record of providing a safe haven for those in need, and that refugees can also make an important contribution to the economy. IDEAS said the government could benefit from an estimated RM50 million in tax returns by 2024 by giving refugees the right to work.

The report said better income would enable refugees to buy more higher quality goods and services, stimulating demand for goods and services, particularly those produced locally.“In theory, the increase in available workers would reduce wages in the sectors in which refugees are employed, in turn lowering costs for businesses, and stimulating production and investment.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This is not the priority now..

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

We need new ideas, not just experience, says DAP candidateSANDAKAN POLLS | Thirty-year-old Vivian Wong sees her youth as an advantage and aims to revive Sandakan's economy.
Source: malaysiakini - 🏆 20. / 51 Read more »

Private sector should invest more to boost economy, says economist | The Malaysian InsightPrivate sector should invest more to boost economy, says economist
Source: msianinsight - 🏆 8. / 63 Read more »

Govt, BNM working to ease housing loan terms and conditions | Malay MailKUALA LUMPUR, April 26 — The government and Bank Negara Malaysia (BNM) are working to ease the terms and conditions for housing loans without affecting the stability of the financial system. Finance Minister Lim Guan Eng said the ministry would take action if it were to...
Source: malaymail - 🏆 1. / 86 Read more »