Malaysia channels RM21 billion to wage subsidy programme
The Malaysian government has channelled RM20.92 billion (US$4.7 billion) under its wage subsidiary programme (PSU), benefitting 357,904 employers and sustaining the jobs of 2.96 million local workers to reduce the unemployment rate in the country.
The wage support is distributed in five tranches. Under PSU 5.0, the government distributed RM210 million (US$47 million) to 7,928 employers up till July 15, 2022, which supported the wages of 119,813 workers.
Some 33,456 participants have also been successfully placed in the public sector and government-linked companies (GLCs) under the Malaysia Short-term Employment (MySTEP) programme up till July 15. Of that number, 17,446 workers were placed in the public sector while 16,010 people worked in GLCs.
Under MySTEP, the government has also prepared a quota of 1% of job placement opportunities for young people with disabilities (OKU). “The government very much encourages the OKU community to take advantage of the opportunity and participate through the MySTEP portal,” said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.