Guan Eng: Wage incentives under Malaysians@Work initiative will create 350,000 jobs

Finance Minister Lim Guan Eng said in his Budget 2020 presentation that Bank Negara is proposing a two-phase restructuring plan for the country’s DFIs to form a new financial institution through the merger of Bank Pembangunan Malaysia Bhd, Danajamin Nasional Bhd, SME Bank and Export-Import Bank of Malaysia Bhd to strengthen the development finance ecosystem

KUALA LUMPUR: The Malaysians@Work initiative under Budget 2020 will create 350,000 jobs and the Employee Provident Fund (EPF) will be in charge, said Finance Minister Lim Guan Eng (pic).

"The purpose of the government is to try to create more jobs for the unemployed, especially unemployed graduates. After years in universities, they are still unable to secure jobs.