by BERNAMA / pic by BERNAMA
The government will allocate RM9 billion to tackle the rising rate of unemployment and ensure job sustainability in the country during the national recovery period post COVID-19.
Prime Minister Tan Sri Muhyiddin Yassin said the allocation which will be channeled through various initiatives, will benefit three million workforce in the country.
“I know there are many who are worried about the risk of losing jobs and their source of income after many sectors and economic activities were affected by the Movement Control Order.
“I understand that the economy will take time to recover and there are people who need help throughout the economic recovery (period),” he said when he unveiled the National Economic Recovery Plan (PENJANA) which was broadcast live on radio and television here today.
Muhyiddin said this includes extending the Wage Subsidy programme introduced in the Prihatin Rakyat Economic Stimulus Package (PRIHATIN) and PRIHATIN Additional packages with an addition of RM5 billion.