Thursday 25 Apr 2024
By
main news image

KUALA LUMPUR (March 27): The government will subsidise RM600 for each worker earning below RM4,000 for three months, applicable to companies whose income has halved since January, said Prime Minister Tan Sri Muhyiddin Yassin.

This measure will take up RM5.9 billion from the government’s RM250 billion economic stimulus package to address the impact of the Covid-19 outbreak that he announced today. 

“Employees must ensure they do not lay off workers or instruct them to take unpaid leave for three months after the programme is enforced,” said Muhyiddin. 

“Apart from that, employers are also not allowed to cut the current salary of workers,” he added. 

The measure, he said, will benefit some 3.3 million workers.

The RM250 billion stimulus package is inclusive of a RM20 billion package that was announced by then-interim prime minister Tun Dr Mahathir Mohamad in late February.

#dudukrumahdiamdiam. We will deliver the news to you at theedgemarkets.com.

      Print
      Text Size
      Share