Socso approved RM8.97b under wage subsidy scheme


Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the wage subsidy scheme has been able to help employers and workers affected by the Covid-19 outbreak.



KUALA LUMPUR: The Social Security Organisation (Socso) has approved RM8.97 billion under the wage subsidy programme as of July 24, 2020 benefiting over 2.58 million workers, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

He said the wage subsidy scheme has been able to help employers and workers affected by the Covid-19 outbreak.

"Socso has also uploaded the names of employers who have received assistance under this programme.

"This action was taken after complaints were received from the public that a handful of employers who have taken the subsidy are still laying off workers or cutting their wages without their agreement,” he said in the 15th LAKSANA report on the implementation of the Prihatin Rakyat Economic Stimulus Package (PRIHATIN) & National Economic Recovery Plan (PENJANA).

On the moratorium on financial institutions’ loan repayments that took effect on April 1, he said the total value of the moratorium is estimated to have reached RM62.8 billion as of July 24. - Bernama
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