Eligible Malaysians Can Begin Registering For The [email protected] Initiative In April
Author Avatar
lim guan eng 2

(Image: The Sun)

Finance Minister Lim Guan Eng has announced that the [email protected] initiative will be open for registration in April.

The initiative, which aims to provide better job opportunities for unemployed Malaysians and to reduce dependency on foreign labour, is a stimulus package conceived to help create up to 350,000 jobs over the next five years.

“Don’t be mistaken that we will only create 350,000 jobs. This is only for the [email protected] programme. It will be in addition to the one million jobs to be created by the private sector,” Guan Eng further clarified.

The [email protected] initiative was first unveiled at the tabling of Budget 2020, with a total of RM6.5 billion allocated for it. It offers monthly incentives over a course of two years for both employers and employees who meet certain criteria.


The [email protected] programme has four components to it: [email protected], [email protected], [email protected], and [email protected]

[email protected] and [email protected] focuses on the hiring of fresh graduates and technical/vocational education and training (TVET) among youths, respectively. [email protected], on the other hand, is aimed at bringing qualified women back to the Malaysian workforce.  Lastly, [email protected] seeks to reduce Malaysia’s dependency on foreign labour for low-skilled jobs.

To facilitate the execution of the initiative, the government will set up a special Employees Provident Fund (EPF) account for eligible employees. The programme is slated to commence in stages starting from the second quarter of 2020.

(Source: New Straits Times)

0 0 votes
Article Rating


Comments (0)

Notify of
Inline Feedbacks
View all comments
Top Personal Finance News Articles
Post Image
Petrol Price Malaysia Live Updates (RON95, RON97 & Diesel)
The RinggitPlus Team
- 20th October 2021
We provide weekly updates on every Friday at 5pm on the prices of RON95, RON97 and Diesel in Malaysia and a chart that shows the movement of fuel prices across a 6-week period. Bookmark this page now!
Post Image
Shopee Introduces SPayLater, Lets Users Buy Items Now And Pay Later
Alex Cheong Pui Yin
- 18th January 2021
Shopee has introduced a new payment feature that lets its Malaysian users purchase items and pay for them […]
Post Image
Touch n Go RFID: What Malaysian Road Users Need To Know
Jacie Tan
- 10th August 2018
Everyone’s talking about Touch ’n Go RFID being used at Malaysian highway tolls soon – here’s what you need to know about it.
Post Image
Best High Interest Savings Accounts In Malaysia (October 2021)
Pang Tun Yau
- 6th October 2021
Make your money work for you by depositing them into the best high-interest savings accounts in Malaysia!

Related articles

Related Posts Image
Related Posts Image
Related Posts Image

Apple Launches A RM99 Polishing Cloth

Jacie Tan -
2nd February 2021
Related Posts Image