KUALA LUMPUR: The government has channeled RM19.209 billion to 356,193 employers under its Wage Subsidy Programme (PSU) as of Oct 29 to ensure the continued employment of 2.94 million local workers.
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said RM3.319 billion was channeled under PSU 3.0 to ensure 1.511 million workers remained employed while RM1.542 billion was channeled to 119,904 employers so they could continue to operate and retain 1.424 million workers under the latest phase of the programme, PSU 4.0.
"Through PSU 4.0, the government would support up to 500 employees for each employer by subsidising RM600 per worker for four months (from Aug 1, 2021).
"The salary limit of RM4,000 was also relaxed to enable employers to apply for PSU 4.0 for workers earning more than RM4,000," he said in the 76th Implementation and Coordination Unit Between National Agencies (LAKSANA) report released today.
On the Danajamin PRIHATIN Guarantee Scheme (DPGS), Tengku Zafrul said that as of Oct 29, 87 companies had submitted applications and a total of RM2.035 billion in guarantees benefitting 57 companies had been approved.
Meanwhile, RM88.6 million had been channeled to 13,889 businesses in the form of grants and loans under the National Economic Recovery Plan (PENJANA) for subscription to digitalisation services, he added.
-- BERNAMA
Bernama
Wed Nov 17 2021
Tengku Zafrul said the government has channelled RM19.209 billion to 356,193 employers under its Wage Subsidy Programme (PSU) as of Oct 29 to ensure the continued employment of 2.94 million local workers. - BERNAMA file photo
Indonesia's free meals plan in the spotlight as Prabowo readies for office
Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
NFOF will be operational in November 2024 with funding of RM1 bil
PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Minimum wage to increase to RM1,700 effective Feb 1, 2025
The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.
Bursa Malaysia ends higher on Budget 2025 optimism
The benchmark index, which opened 1.85 points higher at 1,643.29, moved between 1,641.71 and 1,649.31 throughout the trading session.
Five important aspects relating to people’s lives in Budget 2025 - PM
The focus is on driving the MADANI Economy, speeding reforms, cutting red tape, raising wages, and tackling the cost of living.