The package, known as Penjana, has three main goals and 40 initiatives. FMTNews MuhyiddinYassin
PETALING JAYA: Prime Minister Muhyiddin Yassin today unveiled a RM35 billion stimulus package to help the economy recover from the impact of Covid-19 and the subsequent movement control order , which saw the majority of businesses shut down for weeks under restrictions on public activities.
Putrajaya previously allocated RM260 billion through the Prihatin Rakyat stimulus package which included bank loan moratoriums, cash aid and loans for businesses. He also announced RM1.5 billion for hiring incentives which is expected to benefit some 300,000 through two incentives: RM800 a month for each worker under the age of 40 hired and RM1,000 a month for workers above the age of 40 or those who are special needs.To help those who are unemployed increase their skills, those who have lost their jobs can claim training allowances of up to RM4,000 under Socso even if they do not contribute to the Employment Insurance System.
For the youth, this includes placement and training at selected institutions as well as subsidies for training. He said the government would set up a special committee chaired by the ministers of finance and human resources comprising leaders from the private sector to monitor initiatives related to workers.
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