National Employment Council's role in tackling unemployment: What you need to know

Siti Farhana Sheikh Yahya
December 17, 2020 16:20 MYT
The National Employment Council (NEC), chaired by Prime Minister Tan Sri Muhyiddin, had its first meeting virtually on Dec 10. - BERNAMA
The labour market suffered tremendously due to the COVID-19 pandemic as businesses were forced to cease operations during the implementation of the Movement Control Order (MCO) in March.
While the economy is on recovery, supported by the resumption of business operations following the start of the Recovery Movement Control Order (RMCO) in June, unemployment numbers remained high.
Here's the latest on the labour market in Malaysia:
The National Employment Council
In tackling unemployment, the government has formed the National Employment Council (NEC).
Muhyiddin recently said although he was aware that the target could be quite difficult to achieve, the government had outlined various proactive measures, including offering tax incentives to attract foreign investors.
“It is now rather difficult to find investors even though Malaysia prior to this had been the country of choice because we have good infrastructure facilities, a large workforce, highways, industrial sites and proper utilities.
“So, if we do not work hard now and take bold steps to offer for more incentives, they will not invest here because the whole world at this time is also sourcing for investments," he said.
He also urged the Human Resources Ministry and other relevant ministries to utilise the RM2 billion fund provided by the government to train more young people, especially skills training.
For further information, visit MyFutureJobs portal, a one-stop centre for employment-related initiatives.
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