Finance minister: Govt allocates RM3.8b to extend Wage Subsidy Programme over four months from Aug 1 | Malay Mail

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Finance minister: Govt allocates RM3.8b to extend Wage Subsidy Programme over four months from Aug 1

KUALA LUMPUR, July 7 — The government will extend the Wage Subsidy Programme to PSU 4.0 which will be implemented over four months from August 1, 2021, aimed at helping employers to continue their business and retain their employees, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.

He said PSU 4.0 would maintain the rate of RM600 per employee, and is open to all economic sectors for the first two months, while the subsequent two months would be specifically for sectors in the negative list. Meanwhile, Tengku Zafrul said the government had spent more than RM15 billion under PSU to save over 2.8 million jobs.

 

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