Malaysia

Maybank, Masis launch VTL support fund for M’sian workers in S’pore

S$40,000 set aside to help low-wage earners return home

Updated 2 years ago · Published on 06 Dec 2021 4:20PM

Maybank, Masis launch VTL support fund for M’sian workers in S’pore
Under the Maybank-Masis VTL support fund, Malaysians with a valid Singapore work permit can apply through Masis for up to S$300 in reimbursement to offset expenses relating to Covid-19 testing. – The Vibes file pic, December 6, 2021

SINGAPORE – Maybank Singapore and the Malaysian Association in Singapore (Masis) have launched a S$40,000 (RM123,500) “Vaccinated Travel Lane (VTL) Support Fund”, to help low-wage Malaysian workers return home through the Singapore-Malaysia Land VTL.

Under the Maybank-Masis VTL support fund, Malaysians with a valid Singapore work permit can apply through Masis for up to S$300 in reimbursement to offset expenses relating to the Antigen Rapid Test (ART) or polymerase chain reaction (PCR) testing.

“Maybank Singapore has been supporting Malaysian workers through Masis since the Covid-19 circuit breaker last April,” said the head of global banking at Maybank Singapore, Gregory Seow, in a statement issued here today.

Before the VTL scheme between Singapore and Malaysia was established, Seow said many of these workers could not cross the borders to return home and now there is a “queue” to return home.

In conjunction with the launch, Maybank Singapore has made a zakat fund donation of S$30,000 to purchase 50 new-to-market items produced in Malaysia and distribute them to 300 low-income Malaysians working in Singapore.

“We thought this gesture of sampling halal food items from their home country could help alleviate their homesickness. We will continue to assist where we can as part of our mission to humanise financial services in the community we operate in,” said Seow.

The 50 new made-in-Malaysia halal food products have been made available in a Singaporean supermarket through the Halal Route to Market Programme (HalMap).

It is an initiative by Maybank Islamic to broaden the business network of Malaysian small and mid-size enterprises (SMEs). 

The programme kicked off with a selection of 10 Malaysian SMEs which will venture into Singapore’s halal food industry.

The 50 new-to-market products are available at Eccellente by HAO Mart located in the Kinex shopping mall here. – Bernama, December 6, 2021

Related News

World / 4d

Singaporean sentenced to 34 years’ jail for killing daughter, abusing his kids

World / 2w

Singapore to get new PM on May 15

Opinion / 1mth

Singapore's race to self-sufficiency amid Malaysian water tensions – TamilSalvi Mari

Sports & Fitness / 1mth

Commonwealth Games: All aspects to be considered before decision is made - Hannah

Malaysia / 1mth

Singaporean woman claims Johor ‘policeman’ extorted RM500 at border checkpoint

World / 1mth

Rise of three-nation partnership to fight menace of cyber threats in region

Spotlight

Malaysia

Bridge between Sabah, Labuan vital to revitalise island’s economy, says expert

By Jason Santos

Malaysia

Parents nabbed after daughter claims 8 years of repeated rape

Malaysia

Sanusi openly apologises to Anwar at Aidilfitri celebration

By Ian McIntyre

Malaysia

Macallum proposed as first station for Penang LRT

By Ian McIntyre

Malaysia

Foreign media reports on fuel price hike not true, says Fahmi

Malaysia

Inspector nabbed in connection with RM1.25 million extortion case

You may be interested

Malaysia

3 senior cops detained over alleged graft

Malaysia

Fans to celebrate Star Wars Day at Sunway Pyramid

By Noel Achariam

Malaysia

Penang to set up second latest IC design and digital park

By Ian McIntyre

Malaysia

Sarawak a region, not a state, says assembly speaker

By Stephen Then

Malaysia

No firm decision yet on price hike for petrol, diesel, says Anwar

Malaysia

Two men arrested for using King's photo in KKB state seat campaign

Malaysia

Wan Saiful blames Fahmi for Malaysia's drop in press freedom rankings

Malaysia

Inspector nabbed in connection with RM1.25 million extortion case