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Showing posts with label Malaysia. Show all posts
Showing posts with label Malaysia. Show all posts

Thursday, September 12, 2024

Big demand for childcare

 

Sim Daycare, Jalan Sungai Dua, 11700 Penang
Contact Person: Ms. Lim. Phone Number: 04-659 2998 / 017-216 2998. Address: 746, Jalan Sungai Dua, 11700 Gelugor, Penang.

Exercising caution: Enrolling children in registered childcare centres reduces the risk of negligence or abuse. — CHAN BOON KAI/The Star

BUKIT MERTAJAM: Kindergartens and nursery centres have continued to thrive in Penang – despite the hassle of getting the necessary licence to operate.

An operator of a kindergarten near Alma here, who wanted to be known only as Joo, went through the whole rigmarole to set up an adjacent childcare centre, which is expected to be up and running in a couple of months, almost a year after the process began.

After spending RM200,000 to convert a house into the intended childcare centre, there was red tape to contend with, she said.

“The whole process included engaging an architect to draw up the plan as well as submissions for various permits from the Seberang Perai City Council (MBSP), Fire and Rescue Department, Education Department and Social Welfare Department, which all have their own sets of rules.“The application to MBSP itself took about 100 days to complete,” she added.

Then, all her staff were required to undergo a mandatory three-month Permata Childcare Course. It cost her about RM1,000 for each staff member.

“In total, I spent between RM400,000 and RM500,000 to set up this centre. It would have cost me less if not for the delay in getting the licence,” she said in an interview yesterday.

Joo’s kindergarten has been running for the past 15 years, providing preschool education to some 60 children.

“Operating the childcare centre legally is for the long term and I don’t want to worry about it being shut down by the authorities.

“Parents, too, will be more confident about entrusting us with their children,” she said.

Joo said everything at the centre would be above board and adhere to regulations.

Another operator, who preferred not to be named, said it took her almost 10 years to get a licence to operate a kindergarten here.“When I took over the kindergarten from the previous owner in 2006, I did not know it did not have a permit to operate.

“I then halted operations and filed an application to the relevant authorities. I only managed to get the permit in 2016,” she said.Under the Penang Care Centre Registration Guidelines enforced since 2021, the council allows for a maximum of seven kindergartens, nurseries or childcare centres within a 400m radius on the island while nine of them (three each) are allowed within a 250m radius on the mainland.

It was reported that 63 nurseries, 34 childcare centres (taska) and 100 kindergartens were still operating illegally in Penang.State social development, welfare and non-Islamic religious affairs committee chairman Lim Siew Khim said although Penang had made various efforts to legalise them since 2017, including fee waivers and discount rates to encourage operators to submit their applications, many persisted in operating without a licence.

She said the Social Welfare Department had since issued a notice to limit enrolment of children until the centre could get mandatory certifications from the relevant agencies.

However, out of concern for the wellbeing of the children and their parents, the state still hoped that these unlicensed operators would be spared from being fined or closed down, Lim added.

Last Sunday, the Women, Family and Community Development Ministry advised parents and guardians to ensure their children were enrolled in taska registered with the Social Welfare Department to prevent incidents of negligence, abandonment or abuse.It said these childcare centres were regularly monitored and inspected by the department.

It also said the registration of childcare centres includes a requirement that each caregiver holds a Certificate in Permata Care Course, as well as proactive measures to protect children from potential harm in these facilities.

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 Parents opt for daycare centres with no live-in maids now
May 24, 2016 ... Chris Hong, who runs two kindergartens-cum-daycare centres in Subang Jaya, said she and her staff looked after 40 to 50 children from 8am to ...



 

More centres needed

The Government aims to have a workforce comprising at least 59% of women by 2020. To do that, we must have more registered childcare centres to cater to these women’s children, Women, Family and Community Development Minister Datuk Seri Rohani Abdul Karim said. On Aug 14, Sunday Star reported that Malaysia is far from its target of having 13,200 registered childcare centres by 2020. Currently, there are not enough centres to cater to 3.2 million children under the age of four whose parents are in need of these services.



Friday, September 6, 2024

Uptrend emerges for property sector

 
Investments in Malaysia fuel long-term growth


UOBKH Research maintains an “Overweight” call on the property industry,.

Property transactions are reaching all-time highs, oversupply is dropping, and investment in the real estate sector is on the rise.”-UOB Kay Hian Research


PETALING JAYA: UOB Kay Hian Research (UOBKH Research) is keeping its optimism on the property sector, despite acknowledging that second quarter (2Q24) earnings results for the companies under its coverage were a mixed bag.

The research house said among the eight firms it reports on, four had results that were in line with its expectations, three fell short, while one exceeded projections.

The research house said: “S P Setia Bhd’s results shortfall was due to a significant impairment on its Battersea projects in Britain, while UEM Sunrise Bhd’s (UEMS) weak results were due to lower-than-expected progressive billings, caused by delays in construction and deliveries of raw materials.”

At the same time, it said IOI Properties Group Bhd (IOIPROP) also reported weaker-than-expected earnings on lower-than-anticipated contributions from China, although Sunway Bhd exceeded expectations, driven by higher progressive billings from both the group’s property and construction segments.

Despite the performances of several companies coming in below forecasts, UOBKH Research said that industry players under its coverage recorded 2Q24 net profit growth of 26% quarter-on-quarter and 60% year-on-year (y-o-y).

Outside its coverage scope, the research house said that both Sime Darby Property Bhd (Simeprop) as well as Eastern & Oriental Bhd exceeded consensus estimates on strong progressive billings.

“Developers are on track to achieve their 2024 sales targets, having reached approximately 50% of their goals so far.

“Lagenda Properties Bhd (Lagenda) and Simeprop led the way with double-digit sales growth for the quarter, as the former’s 2Q24 sales surged 19% y-o-y to Rm300mil, marking the highest quarterly sales in the company’s history,” the research house said.

Simeprop also saw impressive sales growth, with 2Q24 sales increasing by 45% y-o-y, prompting the group to revise its full-year sales target upward to Rm3.5bil from Rm3bil.

For the second half of the year (2H24), UOBKH Research said it is expecting stronger earnings from almost all companies under its coverage, with the exception of S P Setia and IOIPROP. It added that S P Setia’s land sales quantum is expected to be much lower in 2H24.

“Meanwhile, Ioiprop’s first few quarterly results for its financial year ending June 2025 (FY25) may be weak as we will see a jump in interest costs from its IOI Central Boulevard project in Singapore as that becomes fully operational in October this year,” the research house said.

Nonetheless, it believes IOIPROP has the potential to surprise on the upside due to the higher-than-expected launches recently as well as possibility of better-than-anticipated sales of Marina View in Singapore.

Overall, it said excluding land sales gain, sector net profit for 2024 and 2025 are expected to grow by 13% and 20%, respectively, driven by higher progressive billings on higher property sales and launches.

On a separate note, the research house said August share prices for property counters were hit by negative sentiment, driven primarily by the emergence of sinkholes in Kuala Lumpur, which itself led to the suspension of construction approvals in the capital.

UOBKH Research reported that the latest directive now requires planning permission applications for buildings in the city to include a geotechnical study by certified engineers.

“We gather that these geotechnical study rules have been in place since 2022, and are not new regulations.

“Developers in Kuala Lumpur such as Mah Sing Group Bhd also reiterated that they have been following all the guidelines and are in compliance with all the requirements, including the necessary geotechnical studies, hence, they do not anticipate issues with ongoing projects or future launches,” it added.

Maintaining an “Overweight” call on the property industry, UOBKH Research believes a long-term uptrend has emerged in the sector, fuelled by record-high total investments in Malaysia over the past two to three years.

It said property transactions are reaching all-time highs, oversupply is dropping, and investment in the real estate sector is on the rise.

“This growth is supported by several key factors including the expansion of industrial developments, which provides developers with new expansion opportunities and reduces reliance on residential projects, as well as increasing land values driven by the establishment of special economic and financial zones, rising demand for data centres, and new infrastructure projects,” it noted.

Top picks for the sector are IOIPROP, Lagenda and Mah Sing, with target prices of RM3, RM2.32 and RM2.29, respectively.

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Wednesday, September 4, 2024

Taking steps to boost birth rate, Cause for concern

 PETALING JAYA: Malaysia needs to prioritise a support system for raising children to avoid the double whammy of declining birth rates and reaching aged nation status in less than a decade, say experts.

Many such policies have already been drawn up, such as setting up more childcare centres in the private sector, but the implementation of these programmes is slow and needs to be accelerated, they said.

Otherwise, Malaysia will not be able to produce enough working-age adults to support a society in which seniors make up the majority, they added.

Former Malaysian Research Institute of Ageing director and current Fellow at Academy Science Malaysia Datuk Prof Dr Tengku Aizan Tengku Abdul Hamid said there is a greater need for a system that supports childbearing, such as childcare facilities.

“Ideally, there should be more flexibility in entry and re-entry into the labour force.

“This all ties into policy, which is why it is good to have a work-from-home policy with stricter guidelines, like during the Covid-19 lockdowns.”

Prof Tengku Aizan said employers need to rethink the face-to-face policy by implementing proper productivity measurements, while engendering greater trust between bosses and workers.

When asked if the government should provide some form of incentive through monetary or other means to promote marriage and children, Prof Tengku Aizan said such methods don’t work.

“Many countries have done this and given up. It is more important to have services and facilities to support care, especially for children of all income groups.

“Currently, such facilities are affordable for high-income families as businesses develop them.

“So, the government must take this up as children will be the future labour force,” said Prof Tengku Aizan, who is also chairman of the board at the Private Pension Administration.

She said this in response to the Statistics Department data which showed that Terengganu, Kelantan and Pahang are the only states still producing enough babies to replenish their populations amid a rapid decline in Malaysia’s fertility rates.

On marriage and childbirth incentives, Socio-Economic Research Centre executive director Lee Heng Guie said the country must have an integrated and well-planned population growth.

“It has to take into account socio-economic development, education, employment and communities. Demographic shifts also influence population growth,” he said.

Lee said declining fertility rates and shrinking working populations could lead to an ageing society, placing social and economic pressures on the government’s budget, particularly on revenue, pension and healthcare spending.

“Declining populations will slow economic growth and dampen demand due to a lower working-age population.

“The government has to adjust taxation and spending to meet the demands of changing demographics. Policies on pensions, employment law, childcare and benefits must change in the future to accommodate different needs.

“Measures for consideration are to raise the retirement age, training in middle life, and encouraging companies to re-employ retirees after the retirement age of 60,” he added.

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Cause for concern as nation's fertility rate sees rapid decline


PETALING JAYA: Malaysians are not giving birth to enough babies to replenish the population amid a rapid decline in the country’s fertility rate.

According to the Statistics Department, 13 states and federal territories have total fertility rates (TFRS) that have dropped below the replacement level of 2.1 babies for every female aged 15 to 49.

The TFR is the average number of children a woman has in her lifetime. The replacement level is the fertility rate at which a population exactly replaces itself from one generation to the next.

Kuala Lumpur and Penang are the worst hit, with fertility rates of 1.2 children each, followed by Sabah (1.4).

“Sabah recorded the fastest declining TFR, with 5.5 children in 1980 and 1.4 children in 2022,” chief statistician Datuk Seri Dr Mohd Uzir Mahidin said in a video announcing Malaysia’s population trends.

Terengganu, Kelantan and Pahang are the only states still producing enough babies to replenish their populations.

“Only Terengganu, Kelantan and Pahang are recording a TFR above the replacement level,” Mohd Uzir said.

Terengganu has the country’s highest fertility rate at 2.9, followed by Kelantan (2.7) and Pahang (2.1).

Mohd Uzir said Malaysia’s overall TFR began to drop below 2.1 in 2013, adding that the decline could be seen across ethnic groups.

“Between 1980 and 2022, the TFR for all main ethnic groups declined. The trend of TFR for all ethnic groups except for Malays is below the replacement level.

“The Malay ethnic group recorded the highest TFR of 2.1 in 2022, while the Chinese ethnic group recorded the lowest TFR at 0.8 children for every woman aged 15 to 49,” he said.

The declining fertility rates mean that the average size of a Malaysian family has also got smaller.

A household in the country in 1970 would typically have more than five members (5.5).

Now, the average household size is 3.7 persons.

Perlis has the smallest household size at 3.1 persons, while Kelantan has the biggest at 4.8.

Universiti Putra Malaysia’s Malaysian Research Institute on Ageing (Myageing) senior research officer Chai Sen Tyng said factors contributing to higher reproductive rates in certain states may be linked to socio-economic influences such as women’s level of education and a change in values.

“I tend to believe it is because the population holds on to traditional religious views, where they believe children is a gift from God,” he said.

He added that the reason people have children changes over time.

“The reason why the poor have more children might be due to a lack of family planning, but the reality is that in agricultural societies, having more children means more hands to help and as insurance for old age,” he said.

Chai added that women’s education levels influence fertility rates as educated women have options and may not want to be tied down to childbearing or child rearing.

“Women don’t want to get married and get trapped if they get the short end of the stick.

“Educated women have options and I think this is key. Men have to realise this,” he said.

However, Chai said that the main reason for declining fertility rates is the decline or delay in marriages.

“It is not all on married couples,” he said.

According to the Statistics Department, the current average age of marriage for men is 31, while women typically get married at age 29 – compared with 1970, when women got married at age 22 and men at age 26.

Chai also said the main reason couples decide to have fewer children is changing values and beliefs, not the high cost of living and raising children.

“To say people have fewer kids because of the high cost of child-rearing sends the wrong message.

“Many modern parents keep trying to buy the most expensive items for their children when it is primarily a consumer trap.

“It is natural to want only the best for our children, but what kids want most is our attention and time,” he said.

He added that higher-educated households tend to have fewer children, which may be influenced by competing career demands or concerns over future higher education costs.

He said the government could offer cash incentives, provide better family or parental leave, and make more childcare services available or accessible to stabilise the fertility rate.

Instilling positive family values, such as encouraging kinship, could also encourage couples to have more children for the right reasons, he added.

Malaysia’s TFR is the third lowest in Asean after Singapore and Thailand, at 1.6


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