Almost RM21bil disbursed through wage subsidy programme


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

Finance Minister Tengku Datuk Seri 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 wage subsidy applications worth RM12.96 billion approved as of July 1.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Sime’s bold rebrand signals modern focus
Bank Negara allows MDBs and DFIs to issue ringgit bonds
Fare deals open doors for inDrive
Schooling kids on money use
Stingless bee honey causing a buzz
Boxed-in markets seek safety
MSC posts RM14mil net profit in third quarter
Strained by lack of positive catalysts
GST revival off the table as government expands the SST
The spirit of enterprise

Others Also Read