Higher productivity key to staying competitive
Higher productivity is the key to staying competitive with the appreciation of the ringgit.
Worker productivity, the key factor in rising living standards, slowed sharply in the final three months of the year while wage pressures increased.The Labor Department reported Wednesday that productivity, the amount of output per hour of work, increased at an annual rate of 1.8 percent in the October-December quarter, down from a 6 percent performance in the July-September period.