KUALA LUMPUR, May 29 -- Malaysia needs a dynamic labour market policy in order to address a labour market disequilibrium which was the result of the Covid-19 pandemic and movement control order (MCO) put in place to control the disease's infection rate.

The Department of Statistics Malaysia (DOSM) has found in its Malaysian Economic Survey Review (MERS) that labour surplus in industries that have been badly hit by the pandemic such as accommodation and retail should be redeployed to other industries.

Its chief statistician Datuk Seri Mohd Uzir Mahidin said in the report that although the hospitality, travel and tourism industry has been adversely affected by the global lockdown, other industries providing essential services are in need ...