Budget 2021 initiatives will save jobs, keep companies afloat, say economists

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Economist Yeah Kim Leng, however, says the effectiveness of the measures will depend on the severity of the Covid-19 crisis. FMTNews Job Covid19

The RM2 billion Penjana Kerjaya programme is expected to benefit some 250,000 job seekers.

But, he warned, the effectiveness of these measures also hinge on the severity of the Covid-19 crisis. Through this programme, employers will get 40% of a new employee’s income for six months capped at RM4,000 a month. Essentially, this allows employers to hire high-skilled workers with a salary of up to RM10,000 and receive a 40% incentive of up to RM4,000 per month for six months.

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