Malaysia disburses over 4 billion USD under wage subsidy programme
Malaysia has disbursed 20.92 billion RM (4.72 billion USD) of wage subsidies through its Wage Subsidy Programme (PSU) to 357,895 employers, Finance Minister Zafrul Aziz said in the 105th People’s Financial Report released on August 4.
Kuala Lumpur (VNA) - Malaysia has disbursed 20.92 billion RM (4.72 billion USD) of wagesubsidies through its Wage Subsidy Programme (PSU) to 357,895 employers,Finance Minister Zafrul Aziz said in the 105th People’sFinancial Report released on August 4.
The disbursement has helpedretain employment for 2.96 million local workers.
According to the minister, under the PSU 1.0, 322,177 employers and 2.64million workers benefited from it under the PRIHATIN and PENJANA economicstimulus packages with wage subsidy applications approved hitting 12.958billion RM up till July 15.
Under PSU2.0, a total of 1.408 billion RM had been distributed to 81,164 employers forthe benefit of 719,174 workers by July 15.
For PSU 3.0 inthe same time period, 3.775 billion RM was distributed to 162,317 employers tosustain the salaries of 1.53 million workers.
With PSU4.0, 2.57 billion RM was distributed to 163,942 employers so that theycontinued to operate, helping to sustain the jobs of 1.92 million workers, headded.
For PSU 5.0, 210.189million RM was distributed to 7,928 employers up till July 15, which enabledthem to continue their operations and sustain the salaries of 119,813 workers.
Also in the period, 33,456 participants have beensuccessfully placed in the public sector and government-linked companies underthe Malaysia Short-term Employment (MySTEP) programme./.
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