BNM to reduce foreign employment in money services business industry
Published on: Monday, April 27, 2015
Kuala Lumpur: Bank Negara Malaysia (BNM) will engage with companies in the money services business to reduce the level of foreign employment to no more than 3.0 per cent by end-2016 at the industry level.Speaking at the Malaysian Association of Money Services Business' (MAMSB) anniversary celebration here last night, Deputy Governor Datuk Muhammad Ibrahim urged the industry players to formulate strategies to attract, develop and retain young, local talent.He said a comprehensive human capital development plan is needed for companies to achieve business goals and secure long-term sustainability.
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