Malaysian Employers Federation: RM9b Penjana allocation will help revive employment sector
Saturday, 06 Jun 2020 08:19 PM MYTKUALA LUMPUR, June 6 — The government’s move to allocate RM9 billion to reduce unemployment rates under the National Economic Recovery Plan will help revive the country’s employment sector which is severely affected by Covid-19 pandemic.
“It also raised several issues, for example, in cyber security issues, many of us are unfamiliar with the technology, such as how to set up Skype, Zoom, and video conferencing applications,” he told Bernama today. In the meantime, he said, the government’s initiative to introduce a grant of up to RM50 million for gig economy would help reduce the anxiety among youth, especially those at risk of losing their jobs, new graduates and young entrepreneurs involved in small and medium enterprises .
“What employers need at the moment is the lifeline for the cash flow, we face a lot of cash flow problems as revenue is low but there are many fixed costs, especially in terms of payroll and building rentals, which is part of the business cost,” he said. “The Prime Minister’s announcement demonstrates that he is adhering to the principle that no one will be excluded from accepting the government-provided package, but its implementation and distribution need to be reviewed further.
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