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 4 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

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