Wage subsidy programme saved nearly 4,000 businesses, says Tengku Zafrul

KUALA LUMPUR: More than 3,500 businesses were saved by the wage subsidy programme, says Tengku Datuk Seri Zafrul Abdul Aziz.

The International Trade and Industry Minister, at the launch of the Malay translation of his book titled "Mengharungi Badai Ekonomi: Mengemudi Bahtera Menelurusi Gelombang Covid-19", said that wage subsidies helped micro, small and medium businesses keep afloat during those times when they had cash flow issues.

"This caused many companies, especially the SMEs, to be unable to pay wages.

"We actually dispersed RM21bil for the wage subsidy programme and this saved 3,800 companies," he said during the book launch on Friday (March 3) held at The International Gallery in KLGCC.

When met after the launch, Tengku Zafrul said the Malay translation took around three months to complete.

"We wanted this book to be as general as possible so that it would be easy to read," he said.

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