PEMULIH AN AUTOMATIC STABILISER FOR THE LABOUR MARKET

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The Government’s initiative to introduce Pemulih on June 28, 2021, was timely for labour market stablisation.

Under Pemulih, the Government has further strengthened the automatic labour market stabilisers. Improvements were made to ensure the stabilisers were inclusive for all workers. – AZLINA ABDULLAH/The Star

When the movement control order was tightened to curb the spread of Covid-19, the cost to the economy in terms of business and employment losses increased.Statistics of the past few weeks showed the rate of Covid-19 infection was more inelastic, while economic indicators pointed towards the opposite direction.The Government’s initiative to introduce Pakej Perlindungan Rakyat dan Pemulihan Ekonomi on June 28, 2021, was timely for labour market stablisation.

Previously, the unemployment insurance scheme managed by the Social Security Organisation was the most effective automatic stabiliser that provided income assistance to workers who lost jobs and placement services. In 2020, WSP benefitted more than 3.7 million workers. Without WSP, unemployed workers in 2020 would have surpassed more than a million people and the unemployment rates were likely to reached double digits.Under Pemulih, the Government has further strengthened the automatic labour market stabilisers. Improvements were made to ensure the stabilisers were inclusive for all workers.

 

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Aid initiatives for tourism industry | New Straits TimesNSTnation The initiatives for the tourism sector under the Pakej Perlindungan Rakyat dan Pemulihan Ekonomi (Pemulih) assistance programme will help sustain and rehabilitate the industry. Pemulih PrihatinRakyat Pandemic Covid19 Will make almost zero impact. U REALLY wanna help Arrange for all tourism operators / staff to get priority vaccines. Then get started to let hotels at least open for dining for 2. Then work on a proper roadmap with the govt first for staycations then when travel opens up.
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