Business

Almost RM21 bil disbursed through wage subsidy programme: Tengku Zafrul

Programme keeping 2.96 mil local workers employed, notes minister

Updated 3 years ago · Published on 15 Jul 2022 5:12PM

Almost RM21 bil disbursed through wage subsidy programme: Tengku Zafrul
Datuk Seri Tengku Zafrul Tengku Abdul Aziz says 33,456 participants had been successfully placed in the public sector and government-linked companies through the Malaysia Short-term Employment Programme up to June 30. – Bernama pic, July 15, 2022

KUALA LUMPUR – The government has disbursed RM20.89 billion to 357,895 employers through the wage subsidy programme (WSP) up to July 1, which is helping keep 2.96 million local workers employed.

Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said for WSP 1.0, a total of 322,177 employers and 2.64 million workers benefited from the Prihatin Rakyat Economic Stimulus Package and the National Recovery Plan (Penjana), with wage subsidy applications worth RM12.96 billion approved as of July 1.

Under WSP 2.0, up to the same date, a total of RM1.41 billion had been disbursed to 81,158 employers, helping to maintain the employment of 719,024 workers.

For WSP 3.0, RM3.77 billion had been given to 162,307 employers up to then, helping to sustain 1.53 million jobs.

“WSP 3.0 has been improved with the Permai, Pemerkasa, and Pemerkasa+ economic aid packages,” the finance minister said in the 103rd People’s Financial Report issued today.

Under the National People’s Well-Being and Economic Recovery Package (Pemulih), the government implemented WSP 4.0 with an allocation of  RM3.8 billion, which is expected to benefit 2.5 million workers.

Up to July 1, RM2.56 billion had been disbursed to 163,696 employers to help them sustain their operations and maintain 1.92 million jobs.

For WSP 5.0, a total of RM188.07 million had been disbursed to 7,579 employers up to that date, helping them to retain 106,948 workers.

Meanwhile, Tengku Zafrul said 33,456 participants had been successfully placed in the public sector and government-linked companies (GLCs) through the Malaysia Short-term Employment Programme (MySTEP) up to June 30.

Of that number, 17,446 people were placed in the public sector while 16,010 were given jobs in GLCs and their strategic partners.

To assist youths with disabilities, Tengku Zafrul said, the government had also allocated a special 1% quota, or 800 job opportunities, for people with disabilities through the MySTEP programme.

“The government strongly encourages people with disabilities to take the opportunity and apply to participate through the MySTEP portal,” he added. – Bernama, July 15, 2022

Related News

World / 2y

Indo-Pacific: ‘Substantial conclusion’ on new US-led economic initiative

Business / 2y

Strategic Investor Pass will attract more FDI, DDI: Tengku Zafrul

Business / 3y

‘Economic growth sure, but long-term focus on trade, investment necessary’

Business / 3y

Sabah records investments worth RM11.5 bil in 2022: Zafrul

Business / 3y

Govt to form national investment council: Tengku Zafrul

Business / 3y

Govt targets FDI, DDI to grow 20% this year: Tengku Zafrul

Spotlight

Malaysia

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

By Alfian Z.M. Tahir

Malaysia

Woman molested on her way home from work (video)

Malaysia

Court allows Daim's daughter to permanently keep passport

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

Man blames 'lack of love' for sexual assault on teens

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

Business

AI should support human thinking, not replace it - MDEC CEO

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Business

Kami Builders secure RM300 million ASEAN sustainability sukuk, channels Islamic capital into QIU campus development

Business

Open fibre sues Bank Pembangunan, six others in RM2b claim over Aries telecoms liquidation

Business

Unemployment rate rises to 3.0 per cent in April 2026 - DOSM

Business

Ringgit holds firm despite US inflation shock as markets brace for Federal Reserve decision

Business

Ringgit holds firm against major currencies as markets await key US inflation data