Malaysia: All employers in MCO areas eligible to apply for wage subsidy programme, says PM

Submitted by pmassetti on Mon, 01/18/2021 - 17:42
Body

(18.01.2020) The Star The Wage Subsidy Programme 3.0 under the Social Security Organisation (Socso) will be improved, says Tan Sri Muhyiddin Yassin. The Prime Minister said all employers operating under the movement control order are eligible to apply, regardless of sectors. He said eligible employers would receive a wage subsidy of RM600 for each of their employees earning less than RM4,000 for a period of one month. "Besides that, the limit of 200 employees for each application will be increased to 500 employees. "This initiative involves an additional allocation of RM1bil, which is estimated to benefit 250,000 employers who hire more than 2.6 million employees," he said. Muhyiddin said this when delivering a special address on the Malaysian Economic and Rakyat's Protection Scheme (Permai) assistance package which was telecast live on television stations and social media platforms here Monday (Jan 18). For those who lost their jobs during the MCO period, he said the government had agreed to relax the application conditions for the Employment Insurance System (SIP Prihatin) assistance. "Employees who do not meet the minimum contribution, or whose service contract was not extended after at least three renewals, are now allowed to apply for the SIP Prihatin financial assistance of 30% of their salary for three months," he said.

measures summary

The Wage Subsidy Programme 3.0 under the Social Security Organisation (Socso) will be improved, says Tan Sri Muhyiddin Yassin. The Prime Minister said all employers operating under the movement control order are eligible to apply, regardless of sectors. He said eligible employers would receive a wage subsidy of RM600 for each of their employees earning less than RM4,000 for a period of one month. "Besides that, the limit of 200 employees for each application will be increased to 500 employees. "This initiative involves an additional allocation of RM1bil, which is estimated to benefit 250,000 employers who hire more than 2.6 million employees," he said. Muhyiddin said this when delivering a special address on the Malaysian Economic and Rakyat's Protection Scheme (Permai) assistance package which was telecast live on television stations and social media platforms here Monday (Jan 18). For those who lost their jobs during the MCO period, he said the government had agreed to relax the application conditions for the Employment Insurance System (SIP Prihatin) assistance. "Employees who do not meet the minimum contribution, or whose service contract was not extended after at least three renewals, are now allowed to apply for the SIP Prihatin financial assistance of 30% of their salary for three months," he said.

Measure date
Regions / Country
Document Type

Tags