Budget initiatives will help alleviate pressure in labour market


In his comments on Budget 2021, Malayan Banking Bhd group president and CEO Datuk Abdul Farid Alias (pic) said in a statement: “It is during times like these that we must find ways to assist struggling communities and businesses, the unemployed, and those whose income have been significantly reduced because of underemployment, pay cuts or loss of business.”

PETALING JAYA: The government’s initiatives to promote job creation and retention under Budget 2021 are a welcomed relief to Malaysia’s stressed labour market.

Economists note such efforts will not only help put the country’s economy on the right track of growth, but they can also help prevent a potential social crisis.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Industrial projects look increasingly attractive
Protecting trade is protecting yourself
Fed dampens hopes for rate cut
F&N to use cost management measures
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing
Rents for luxury homes in Singapore jump in 1Q amid wider slump
WTK to buy 15% stake in Durafarm

Others Also Read