RM20.63bil disbursed to wage subsidy initiative

KUALA LUMPUR: The federal government has disbursed RM20.63bil to 357,618 employers by way of the wage subsidy program (PSU) as much as March 18, 2022, which has helped to maintain 2.96 million native jobs in an effort to scale back the unemployment charge.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz mentioned for PSU 1.0, a complete of 322,177 employers and a pair of.64 million employees benefited from the Prihatin financial stimulus package deal and the Nationwide Restoration Plan (Penjana), whereby wage subsidy purposes authorised hit RM12.958bil as much as March 18.

Underneath PSU 2.0, as much as March 18, a complete of RM1.407bil had been disbursed to 81,132 employers, serving to to take care of the employment of 718,195 employees.

For PSU 3.0 as much as March 18, RM3.728bil was disbursed to 162,255 employers, serving to to maintain 1,525,987 jobs.

“PSU 3.0 has been improved with the Permai, Pemerkasa and Pemerkasa plus financial support packages,” the finance minister mentioned within the Individuals’s Monetary Report issued yesterday, Bernama reported.

Underneath the Pemulih plan, the federal government applied PSU 4.0 with an allocation of RM3.8bil, which is predicted to learn 2.5 million employees.

As much as March 18, RM2.465bil had been disbursed to 159,326 employers to maintain their operations, serving to to take care of 1,874,512 jobs. For PSU 5.0, a complete of RM71.995mil had been disbursed to three,681 employers as much as March 18, serving to to take care of 61,772 employees.

In the meantime, Tengku Zafrul mentioned 2,709 members had been efficiently positioned within the public sector and government-linked firms (GLCs) by way of the Malaysia Brief-term Employment Program (MyStep) as much as March 25, in comparison with 2,546 as much as March 17.

Of that quantity, 1,833 folks had been positioned within the public sector whereas 713 discovered jobs in GLCs and their strategic companions.

“The finance ministry has supplied the MyStep portal to enhance the applying and hiring of employees within the public sector and GLCs. These to work within the public sector or GLCs can add their resumes by way of the portal,” he mentioned.


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