fbpx
Connect with us

News

Employees of SMEs Can Receive Up To RM1,200 Under New Wage Subsidy Program, Says PM

image-from-ios-8-3

Published

Breaking-Smes-To-Receive-New-Wage-Subsidy-Program-Of-Up-To-Rm1200-Per-Employee-Says-Pm-World-Of-Buzz
Source: missfoodspotter

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

In a live televised speech today (6th April 2020), Prime Minister Tan Sri Muhyiddin Yassin has announced that the government will increase the allocated budget of the existing Wage Subsidy Programme announced previously from RM 5.9 billion to RM 13.8 billion. According to his speech, the new Wage Subsidy Programme will now be broken down as follows according to the size of the company and number of employees:

  1. Wage subsidy of RM600 per employee for companies with 200 employees.
  2. Wage subsidy of RM800 per employee for companies with between 76 to 200 employees.
  3. Wage subsidy of RM1,200 per employee for companies with less than 75 employees.

Do note that these are only for employees with a salary no more than RM4,000 and the subsidy will last for 3 months.

In order to be eligible for this subsidy, companies will need to be registered with SSM, PERKESO, and PBT (Pihak Berkuasa Tempatan) before 1st January 2020.

Employers must also ensure that these employees who receive these wage subsidies be employed for 6 months starting from the 3 months of the Wage Subsidy Programme.

What do you guys think of these new changes? 

 

Also read: Couple & Their Toddler Eat Only Rice With Sugar After Running Out of Money During MCO Period

Couple &Amp; Their Toddler Eats Only Rice With Sugar After Running Out Of Money During Mco Period - World Of Buzz

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Feat-Image-Ganu-Dun-3 Feat-Image-Ganu-Dun-3
News2 months ago

Did You Know: The Terengganu Exco For Women’s Affairs is a Man & No Female Ever Held The Position

Despite women making up the majority of registered voters in Malaysia with 10,622,151 or 50.3% in the 15th General Election...

Collage-18-52 Collage-18-52
News2 months ago

SG Driver Smashes M’sian Driver’s Rear Window With Golf Club on Expressway, PDRM Investigates

Driving is sometimes about patience, especially when you encounter a situation that grinds your gears but there is never a...

Poop-On-Everest Poop-On-Everest
News2 months ago

Mount Everest Climbers Will Now Need to Buy Poo Bags & Bring Their Faeces Back When Descending

Scaling mountains means that an individual has limited things that they can bring and will be in nature for the...

Fireworks-Cannot-After-Midnight-1 Fireworks-Cannot-After-Midnight-1
News2 months ago

PDRM: Public Advised Not to Play With Fireworks After 12am or Risk Facing Action

As with all festivities, firecrackers are a hot item, and many love to play with them, especially at night. PDRM...

Collage-3-155 Collage-3-155
News2 months ago

KTMB Introduces Open Payment System at 80 Stations via Apple Pay, Debit Cards & More!

Keretapi Tanah Melayu Berhad (KTMB) Komuter is gearing up to introduce support for the open payment system across 80 stations...

My-Post-1-2024-02-09T151501-148 My-Post-1-2024-02-09T151501-148
News2 months ago

This M’sian-Owned London Megastructure Has Been Named Among World’s Best Cultural Spots!

National Geographic recently released its newly expanded Best of the World 2024 guide that shares superlative experiences, hotels, restaurants, and...

Collage-1594 Collage-1594
News2 months ago

Cheras Man Bags Nearly RM11 Million Jackpot for Magnum 4D With Lucky Numbers 7474 & 3964

You’ll never know what luck awaits you and if it’s yours, it’ll be yours no matter where you go. A...

My-Post-1-2024-02-09T124559-609 My-Post-1-2024-02-09T124559-609
News2 months ago

Pet Dog in Penang Dies After an Alleged Drunk Person Slashed it Because it Apparently Bit Them

Disclaimer: Graphic content. Viewer discretion is advised. Being a dog owner can be a tricky situation. You have to train...

Announcement

Latest Videos



TRENDING TODAY