Why is a government regulator increasing the cost of doing business in Malaysia?

MALAYSIA’S Human Resources Ministry needs to urgently revisit the founding principles and objectives of the Human Resource Development Corporation (HRDC). The HRDC was incepted in 1992 with the main aim of encouraging employers to provide learning and development opportunities for their employees to address productivity needs through the imposition and collection of a human resource development levy by establishment and administration of the fund.

It is imperative to note that levy payments made to HRDC are payments made to a consolidated fund which employers utilise for the benefit of their employees; employers will typically use the levy as their annual training budget.