Twenty-five MPs have appealed to the government to implement six months of automatic loan moratorium to save jobs.
The Social Security Organisation (Socso) has committed to the quick implementation of the Permai financial package.
Initiatives include a one-off monetary assistance for taxi and bus drivers, and a special three-month electric bills discount for six business sectors.
The Malaysian Trades Union Congress had previously proposed emergency employment laws to be enacted to prevent businesses from retrenching workers.
Fearing that their businesses will not be able to operate at full capacity, some employers remained silent about staff testing positive for the virus.
Employers will also be responsible for medical costs and ensuring the welfare of their foreign workers.
The government is partnering international venture capital fund managers to create jobs, said Malaysia’s finance minister.
Employers or employees may now be represented by any person of their choice, excluding lawyers, during dispute processes.
Out of the six leading economies in Southeast Asia, three countries are expected to expand in 2021, while others will struggle to recover.
The order would see all foreign workers spanning all sectors to undergo mandatory screening.
The nation’s hiring incentive and training assistance programme has also helped 106,443 employees secure employment.
Eligible SMEs under the programme can obtain financing of up to RM$1 million for working capital.
The nation’s wage subsidy programme aims to help businesses affected by the COVID-19 pandemic to sustain companies and lower retrenchment.
The country’s machinery and equipment (M&E) sector, which accounts for 85% of local SMEs, needs to adopt digital solutions to stay competitive.
The country has rolled out a dedicated delivery service programme, subsidising costs for delivery bags and uniforms for delivery workers.
Out of 100,000 employees insured under Socso who have been laid off, about 31% or 30,977 have found new jobs.
Those in the management and supervisory posts in conditional movement control order (MCO) areas have been told to continue working from home.
An increase in the retirement age instead, would affect new jobseekers, says MTUC.
Prime minister Tan Sri Muhyiddin Yassin has launched MalaysiaBiz – a one-stop government portal that aims to streamline the setting up of businesses.
PM Tan Sri Muhyiddin Yassin said the country’s technology-based agencies and companies must be headed by leaders who are technical professionals.
The financing will have a tenure of up to 7 years, and a repayment moratorium of at least 6 months.
From December 1, the HR Ministry will carry out targeted COVID-19 screening for foreign workers in zones with a high occurrence of cases.
Over 500,000 vacancies have been posted on the national jobs platform, with more than 400,000 job seekers visiting the site every day.
The country’s Public Accounts Committee (PAC) has recommended that the Home Ministry (KDN) and HR Ministry (KSM) jointly set up an integrated system.
Malaysia has transitioned into an ageing society, where 7% or more of the population are aged 65 and above.
The Ministry of Tourism, Arts and Culture (Motac) has launched a “green travel bubble” to resuscitate the local tourism industry.
Over 120 CHROs attended CHRO Online Malaysia, which highlighted the key priorities facing HR and business leaders in 2021.
HR Minister Datuk Seri M Saravanan told Parliament that 2,713 SMEs have closed down from March to October this year.
Thought leaders like Jason Averbook and Josh Bersin will join speakers from ADP and Microsoft in discussing some of the key challenges facing leaders .
The programme, implemented by the Malaysian government, will run from Nov 16 to June 30, and will be applicable for sectors such as construction.