The boycott movement against F&B businesses allegedly tied to Israel has had a slight impact on Malaysia’s employment sector, according to the Economy Ministry. Although the F&B sub-sector’s contribution to GDP is relatively small, at 2.3% in 2023 and 2.4% in the first quarter of 2024, the ministry noted an increase in job losses.
Lost Jobs
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The Employment Insurance System Report by the Social Security Organisation (Socso) indicates a rise in unemployment among workers in this sub-sector. Despite ongoing boycotts, Malaysia recorded a 4.2% economic growth in the first quarter of 2024, driven by resilient domestic economic activities.
