Malaysia prepares to launch job creation initiative

The Jamin Kerja Keluarga Malaysia initiative will create 600,000 jobs with a budget of RM4.8 billion (US$1.14 billion).
By: | February 16, 2022

The initiative, which will be launched by Prime Minister Datuk Seri Ismail Sabri Yaakob on February 19, is part of the government’s efforts to lower the unemployment rate, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

“Through the Department of Statistics Malaysia, we have recorded a drop in the unemployment rate in December (2021) to 4.2% compared to 4.3% in November.

“We know job creation is the foundation of economic recovery and that is why job creation is one of the main priorities in the budget. In Budget 2021, the government had targeted creating 500,000 jobs and Alhamdulillah, we have achieved that target.

“This year, in the spirit of the job guarantee concept, the Prime Minister will launch the programme to provide 600,000 jobs, an increase of 100,000 over the target in 2021,” he said when visiting the Kota Kinabalu Urban Transformation Centre (UTC) recently.

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In addition, the finance minister said the government has continued the MySTEP programme this year by offering short-term contract employment opportunities in the public sector and government-linked companies (GLCs) to increase the marketability of job seekers.

He added that the government is targeting 80,000 job opportunities to be offered through the programme this year compared to 50,000 last year, according to The Edge Markets.