HRD Corp Breaks Record with RM2.3 Billion Levy Collection in 2024

Business News

HRD Corp Breaks Record with RM2.3 Billion Levy Collection in 2024
HRD CorpLevy CollectionKesuma Reengineering Policy
  • 📰 staronline
  • ⏱ Reading Time:
  • 77 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 75%

The Human Resource Development Corporation (HRD Corp) achieved a record-breaking RM2.3 billion levy collection in 2024, exceeding the previous year's amount. Minister Steven Sim highlighted the ministry's commitment to ensuring the efficient utilization of the collected levy and streamlining processes through the Kesuma Reengineering Policy. The ministry also organized a Chinese New Year open house to celebrate with stakeholders and showcase HRD Corp's CSR initiatives.

The Human Resources Ministry, through the Human Resource Development Corporation (HRD Corp), achieved a record-breaking levy collection of RM2.3 billion in 2024, surpassing the RM2.1 billion collected in 2023. Minister Steven Sim emphasized that the ministry's objective extends beyond collecting the levy; it aims to ensure its efficient and comprehensive utilization. Sim highlighted the government's commitment to streamlining processes under the Kesuma Reengineering Policy .

He stated that the target is to reduce the processing time for levy claims from employers from one week to just one hour and from seven days to three days for training providers. Sim underscored these aspirations as part of Prime Minister Datuk Seri Anwar Ibrahim's administration. The Human Resources Ministry, including HRD Corp, has implemented management reforms to enhance service delivery to stakeholders. A joint Chinese New Year open house organized by HRD Corp and the ministry at SJK (C) Sin Ming, Puchong, saw a turnout of approximately 1,000 people, including employer groups, industry associations, trainers, training providers, and members of the public. HRD Corp presented its corporate social responsibility (CSR) contributions to 20 organizations and NGOs during the event. The festivities included lion dances, traditional workshops on Chinese calligraphy, lantern-making, and Chinese knot art, and a variety of food stalls. Addressing a separate matter, Sim stated that any plans, such as the proposal to hire Rohingya refugees to address labor demands in the food and beverage sector, must align with the country's laws and policies. He encouraged all stakeholders, including the Malaysian Muslim Restaurant Owners Association (Presma), to provide feedback. Presma president Datuk Jawahir Ali Taib Khan expressed that the limited response from locals to job advertisements placed through the Labour Department left them with no choice but to hope for government approval of foreign worker recruitment.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

staronline /  🏆 4. in MY

HRD Corp Levy Collection Kesuma Reengineering Policy Chinese New Year Corporate Social Responsibility

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

HRD Corp collects record RM2.3 billion in levies last yearHRD Corp collects record RM2.3 billion in levies last yearHuman Resource Development Corporation (HRD Corp) collected a record RM2.3 billion in levies last year, said Human Resources Minister Steven Sim Chee Keong. Sim added that RM2.27 billion of the total levy collected last year was approved for use, reflecting a nearly 30 percent increase from RM1.7 billion in 2023. He noted that HRD Corp successfully disbursed 85 percent of levy claims last year, ensuring that funds were fully paid to employers and training providers for training programmes, a 30 percent increase compared to 2023.
Read more »

HRD Corp Collects Record RM2.3 Billion in Levies in 2023HRD Corp Collects Record RM2.3 Billion in Levies in 2023Human Resources Minister Steven Sim Chee Keong announced that the Human Resource Development Corporation (HRD Corp) collected a record RM2.3 billion in levies last year, exceeding the RM2.1 billion collected in 2023. Sim emphasized that the funds are being utilized for their intended purpose, upskilling and reskilling the workforce. HRD Corp disbursed 85% of levy claims last year, a 30% increase from 2023. The corporation aims to further streamline services by expediting grant approval times and reducing payment processing times. Regarding an ongoing investigation by the Malaysian Anti-Corruption Commission (MACC), Sim stated that the ministry is awaiting the investigation report.
Read more »

Malaysia's Trade Achieves Record High, Exceeding RM2.879 Trillion in 2024Malaysia's Trade Achieves Record High, Exceeding RM2.879 Trillion in 2024Malaysia sets new record for trade performance, surpassing RM2.879 trillion in 2024. Exports reach RM1.508 trillion, driven by strong demand for E&E products, machinery, and processed food. Diversification strategy leads to growth in exports to new markets like Canada, Turkey, and Mexico.
Read more »

Malaysia records trade value of RM2.879 trillion in 2024Malaysia records trade value of RM2.879 trillion in 2024For women esports players in China, mastering the game is just the first hurdle to carving out a space for themselves in the male-dominated field.
Read more »

Miti: Malaysia’s trade performance smashes records with RM2.879t in 2024Miti: Malaysia’s trade performance smashes records with RM2.879t in 2024KUALA LUMPUR, Jan 20 — Malaysia’s trade value surged 9.2 per cent to a record RM2.879 trillion in 2024, surpassing the RM2 trillion mark for the fourth consecutive year. In a...
Read more »

Malaysia’s total trade reaches record high RM2.9 trillion in 2024Malaysia’s total trade reaches record high RM2.9 trillion in 2024PETALING JAYA: Malaysia’s total trade ended 2024 on a high note with double-digit growth in exports and imports, surging to RM2.9 trillion from RM2.6 ...
Read more »



Render Time: 2025-03-12 06:51:51