• About Us
    • Fact Checking Policy
    • Ownership & funding information
  • Volunteer
    • Internship with The Online Citizen
  • Donation
  • Subscription
  • Letter submission
    • Submissions Policy
  • Contact Us
The Online Citizen Asia
  • Opinion
    • Editorial
    • Commentaries
    • Comments
  • Current Affairs
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Civil Society
    • Arts & Culture
    • Consumer Watch
    • NGO
  • Politics
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
  • Lifestyle
    • Travel
No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Comments
  • Current Affairs
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Civil Society
    • Arts & Culture
    • Consumer Watch
    • NGO
  • Politics
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
  • Lifestyle
    • Travel
No Result
View All Result
The Online Citizen Asia
No Result
View All Result

Malaysia Budget 2021: “Special incentive” for companies hiring local workers in sectors reliant on migrant labour

by Danisha Hakeem
06/11/2020
in Finance, Labour, Malaysia
Reading Time: 2 mins read
2

Source: RTM

KUALA LUMPUR, MALAYSIA — A “special incentive” of 60 per cent of monthly wages will be given to companies in sectors that rely heavily on migrant labour such as construction and plantations as part of the Malaysian government’s move to encourage hiring local workers.

Delivering his Budget 2021 speech in the Dewan Rakyat on Friday (6 November), Finance Minister Tengku Zafrul Abdul Aziz said that employers will receive 40 per cent from the incentive, while 20 per cent will constitute a wage subsidy to the local worker said to be “replacing” the migrant worker.

The move is one of several enhancements to the existing PenjanaKerjaya programme under the Social Security Association (PERKESO).

Other enhancements include increasing incentives for employees earning RM1,500 and above from a monthly flat rate of RM800 to 40 per cent of their monthly income, subject to a maximum incentive of RM4,000, said Tengku Zafrul.

Firms hiring disabled workers as well as those who have been retrenched and unemployed for a long time will be given an additional incentive equivalent to 20 per cent of the employee’s monthly income, bringing the total incentive to employers’ amount to 60 per cent, he added.

The aforementioned incentives will be given out for a period of six months.

Employers of those who secured employment under the PenjanaKerjaya scheme will be able to claim a maximum training rate of RM7,000 — an increase from RM4,000.

This will enable their workers to upskill and obtain professional certification, said Tengku Zafrul.

A total of RM2 billion ringgit will be allocated to the above initiative. The enhancements are expected to increase the employment opportunities for 200,000 jobseekers, said the minister.

Share this:

  • Twitter
  • Facebook
Subscribe
Connect withD
Login
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
Notify of
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recent Posts

  • Only 1 in 5 surveyed confident of 4G leaders, Blackdot Research study finds
  • Taiwan truck driver charged with negligent homicide over rail crash
  • Myanmar’s ousted MPs form shadow government
  • France says ‘highly probable’ EU won’t renew AstraZeneca orders
  • Jimmy Lai: the Hong Kong media tycoon that China loathes
  • Jimmy Lai among five Hong Kong democracy activists jailed
  • Rebel groups see opportunity in post-coup Myanmar
  • Parti Liyani becomes first to seek compensation under Section 359(3) CPC against AGC for ‘frivolous or vexatious’ prosecution

Trending posts

Blogger Roy Ngerng hits fundraising target in 8 days for damages to be paid to PM Lee over libel suit

Ho Ching shares not 1, not 2, but 7 Facebook posts by Chan Chun Sing in a row within 15 minutes

HDB steps up to assist single mom after her social media post on being given unliveable flat goes viral

WP MP Gerald Giam’s intervention helped solve traffic congestion issue at Hougang Capeview

Blogger Roy Ngerng hits fundraising target in 8 days for damages to be paid to PM Lee over libel suit

PM Lee seeking nearly S$130,000 in legal costs and disbursements from blogger Leong Sze Hian; much of disbursements tied to engagement of Hong Kong expert witness

Only 1 in 5 surveyed confident of 4G leaders, Blackdot Research study finds

Parti Liyani becomes first to seek compensation under Section 359(3) CPC against AGC for ‘frivolous or vexatious’ prosecution

Here’s why many Singaporeans aren’t bothered who the ruling party chooses to become PM

Pfizer CEO: Vaccine third dose ‘likely’ needed within 12 months

Load More
November 2020
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« Oct   Dec »
  • About Us
  • Volunteer
  • Donation
  • Subscription
  • Letter submission
  • Contact Us

© 2006 - 2021 The Online Citizen

No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Comments
  • Current Affairs
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Civil Society
    • Arts & Culture
    • Consumer Watch
    • NGO
  • Politics
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
  • Lifestyle
    • Travel
  • Subscribers login

© 2006 - 2021 The Online Citizen

wpDiscuz
2
0
Would love your thoughts, please comment.x
()
x
| Reply