Zafrul: Wage subsidies worth RM15.7bil approved


Under Wage Subsidy Programme 1.0 (PSU 1.0) up to Sept 3, 2021, a total of RM12.936bil had been approved, benefitting 322,177 employers and 2.64 million workers, according to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.(pic)

PETALING JAYA: The government has approved wage subsidy applications worth over RM15.7bil under the various wage subsidy programmes.

Under Wage Subsidy Programme 1.0 (PSU 1.0) up to Sept 3, 2021, a total of RM12.936bil had been approved, benefitting 322,177 employers and 2.64 million workers, according to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

For PSU 2.0, up to Sept 3, a total of RM1.373bil had been distributed to 79,703 employers for them to continue operating, sustaining 701,161 jobs.

Under PSU 3.0, up to Aug 29, a sum of RM1.051bil had been distributed to 70,676 employers, helping to keep the jobs of 697,872 workers.

“For PSU 4.0, a total of RM382.37mil had been distributed to 58,988 employers, helping them to sustain operations and keep 637,107 jobs up to Aug 29,” the Finance Minister said in the 68th Laksana report released yesterday.

For the technical and digital support of small and medium enterprises and mid-level companies, Tengku Zafrul said a sum of RM82.9mil had been distributed to 13,884 businesses in the form of grants and loans for the digitalisation of subscriber services up to Sept 3.

Meanwhile, he added that the tabling of the 12th Malaysia Plan at the end of this month and Budget 2022 at the end of October will provide a clearer picture of the government’s policy direction. These will pave the way for socio-economic recovery, growth and restructuring in the short, medium and long term. ― Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Business News

Myanmar, with US$6b in foreign reserves, is doing utmost to stabilise currency
Thailand approves US$1.64b more support measures
Edra wins bid to build 600MW power plant in Bangladesh
Malaysia's retirement scheme third in Asia
UK reveals US$13.3b of inward investment in green push
Bitcoin pushes toward record before debut of futures-based ETF
Hong Kong's new China futures create bourse history, but lag rival Singapore
Chinese property bonds firm after Kaisa and Sunac make coupon payments
CIDB hopes for funds to boost tech in construction
IOI Corp offers to buy debt notes

Others Also Read


Vouchers