Finance Minister: Almost RM21b disbursed through Wage Subsidy Programme


Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz told PSU 1.0 that a total of 322,177 employers and 2.64 million workers have benefited from the Prihatin Rakyat economic stimulus package and the National Recovery Plan, with the approval of wage subsidy requests worth RM12.96 billion to July — Image by Devan Manuel

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz told PSU 1.0 that a total of 322,177 employers and 2.64 million workers have benefited from the Prihatin Rakyat economic stimulus package and the National Recovery Plan, with the approval of wage subsidy requests worth RM12.96 billion to July — Photo: Devan Manuel

Friday, July 15, 2022 5:09 PM MYT

KUALA LUMPUR, July 15 — The government has disbursed RM20.89 billion to 357,895 employers through the Wage Subsidy Program (PSU) until July 1, 2022, which is helping to keep 2.96 million local workers employed in an effort to reduce unemployment .

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said for PSU 1.0, a total of 322,177 employers and 2.64 million workers benefited from the Prihatin Rakyat Economic Stimulus Package and the National Recovery Plan (Penjana), with the approval of wage subsidy applications amounting to 12.96 billion RM from 1 July.

Under PSU 2.0, a total of RM1.41 billion has been disbursed to 81,158 employers as of the same date, helping to maintain the employment of 719,024 workers.

For PSU 3.0, RM3.77 billion has been given to 162,307 employers so far, helping to sustain 1.53 million jobs.

“PSU 3.0 has been enhanced by the economic assistance packages of Perma, Pemerkas and Pemerkas+,” the finance minister said in the 103rd People’s Financial Report released today.

Under the National Welfare and Economic Recovery Package (Pemulih), the government has implemented PSU 4.0 with an allocation of RM3.8 billion, which is expected to benefit 2.5 million workers.

As of July 1, RM2.56 billion has been paid to 163,696 employers to help them sustain their businesses and maintain 1.92 million jobs.

For PSU 5.0, a total of RM188.07 million has been paid to 7,579 employers up to that date, helping them retain 106,948 workers.

Meanwhile, Tengku Zafrul said 33,456 participants had been successfully placed in the public sector and government-linked companies (GLCs) through the Malaysian Short-Term Employment Program (MySTEP) by June 30.

Of that number, 17,446 people were employed in the public sector, while 16,010 got jobs in GLCs and their strategic partners.

To help disabled youth, Tengku Zafrul said, the government has also allocated a special quota of one percent, or 800 employment opportunities, for persons with disabilities (PWDs) through the MySTEP program.

“The government strongly encourages people with disabilities to take advantage of this opportunity and apply for participation through the MySTEP portal,” he added. — Bernama



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