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Daily Express
13 minutes ago
- Business
- Daily Express
46 Tamu Desa to be built or upgraded in Sabah this year
Published on: Thursday, July 17, 2025 Published on: Thu, Jul 17, 2025 Text Size: Ewon said he would head to Sarawak next to discuss the implementation of tamu desa development in the State this year. Kota Kinabalu: Forty-six tamu desa (rural markets) across Sabah will be built or undergo upgrading this year. Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick (pic) said the projects will be carried out through 28 full and sub-district offices, with a total allocation of RM10 million under the tamu desa premises development programme by the Ministry of Entrepreneur Development and Cooperatives (Kuskop). Advertisement 'This year, we received an allocation of RM10 million under Budget 2025 to implement the development of tamu desa premises. 'During the closing ceremony of the Madani Rakyat Programme in Tawau on May 11, Prime Minister Datuk Seri Anwar Ibrahim announced an additional RM10 million allocation to continue developing tamu desa premises in Sabah,' he said in a statement, Wednesday. Ewon said he would head to Sarawak next to discuss the implementation of tamu desa development in the State this year. 'The land status of the tamu desa sites must be verified by the district offices to avoid disputes, and 15 district offices have submitted written confirmation for sites with no issues,' he said, expressing hope that the projects would provide comfortable facilities for entrepreneurs and small traders. Earlier, Ewon handed over letters of appointment to 15 district officers as chairpersons of the district-level Entrepreneur, Cooperative, Hawker and Small Trader Development Council (MPUKPPD), as well as letters of authorisation for the tamu desa development projects in the 15 districts in the State. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Business Times
an hour ago
- Business
- Business Times
Pilot programmes on the way to match companies with ‘fractional talent'
[SINGAPORE] Upcoming pilot programmes will match employers with 'fractional' leaders – professionals offering C-suite services on a part-time basis – to tackle talent shortages. Companies have shown interest in the fractional work model, said Brandon Lee, assistant chief executive of Workforce Singapore's (WSG) transformation support group. WSG is therefore working with partners – which include employers, industry associations, employment agencies, professional services firms and talent platforms – to develop these pilots. These efforts fall under the Alliance for Action on Empowering Multi-Stage Careers for Mature Workers, an industry-led group formed by the Tripartite Workgroup on Senior Employment. Announced in Budget 2025, the workgroup is studying ideas and piloting initiatives to help senior workers be productive and employable, with fractional work being one of these. Fractional roles are typically filled by mid to late-career professionals who offer their expertise on a part-time basis. These 'fractional leaders' are often part of the senior management team and involved in key decision-making. A NEWSLETTER FOR YOU Friday, 8.30 am SGSME Get updates on Singapore's SME community, along with profiles, news and tips. Sign Up Sign Up Separately, the Institute for Human Resource Professionals (IHRP) has raised the idea of fractional HR services to the Tripartite Workgroup on Human Capital Capability Development, of which it is a member. This is after studying the concept of fractional chief human resources officer (CHRO) services. Under this CHRO-as-a-service model, businesses can engage fractional HR professionals. IHRP deputy CEO Shirley Lim said: 'From a strategic perspective, the fractional model offers compelling advantages for both talent retention and cost optimisation.' The model allows greater flexibility and lets companies access critical talent at lower cost. In recent months, IHRP has been gathering feedback on CHRO-as-a-service – including from employers and professional services firms – and has raised the concept to the tripartite workgroup for discussion. Responding to business needs nimbly Fractional work has gained momentum in Singapore, with around 500 fractional leaders listed in an online directory launched in September 2024. Over the past year, WSG has been engaging stakeholders – such as fractional talent communities and employers – to understand the adoption of fractional work here, its benefits and how to support its growth. The agency has shared the insights gained with the Tripartite Workgroup on Senior Employment – which held its first meeting this July – and the Alliance for Action. 'For employers, fractional work arrangements can help them navigate tight labour markets by providing access to a flexible pool of experienced and skilled professionals,' said Lee. Small and medium-sized enterprises, in particular, are keen to learn how the fractional model lets them access experienced talent pools with manageable costs, he added. WSG and IHRP pointed out that the fractional model also allows companies to respond more nimbly to market changes and changing business needs. Said Lim: 'Companies can quickly scale their leadership capabilities up or down in response to evolving business demands, providing operational flexibility that is increasingly valuable in today's dynamic business environment.' WSG has identified opportunities for fractional work in areas such as HR, finance, marketing and operations management. HR functions are 'well-positioned' to benefit from fractional work, said Lim. This is especially for strategic or project-based HR initiatives requiring specialist knowledge, such as organisational transformation, change management and the design of compensation and benefits. Fractional HR hires can also help sectors undergoing rapid transformation – such as technology, healthcare and financial services – where companies need HR leaders with specific industry expertise or regulatory knowledge, she added. Managing new arrangements EWSG and IHRP said employers that opt for fractional work arrangements must develop capabilities to manage these. Roles filled by fractional talent must be redesigned so they 'are structured for maximum impact and clear deliverables', said Lim. Fractional hires must be integrated with full-time employees to maintain organisational culture, and there must be knowledge transfer protocols for continuity and a smooth transition when fractional arrangements end, she added. Lee noted that as fractional leaders often work for multiple companies at once, employers must address challenges such as potential conflicts of interest, maintaining confidentiality and non-compete concerns.
Economic Times
9 hours ago
- Business
- Economic Times
Lululemon coming: Can India build a desi yoga brand?
(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online.
Economic Times
10 hours ago
- Business
- Economic Times
Reliance Power board approves Rs 6,000 crore fundraising plan via QIP
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Economic Times
10 hours ago
- Business
- Economic Times
Bitmine shares soar 15% as billionaire Thiel reveals 9.1% stake
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
