66 companies apply for 25 per cent payroll subsidy

Wani Roslan

A total of 66 MSMEs companies employing over 380 locals have applied for a 25 per cent payroll subsidy provision introduced by the government in the effort to maintain job security and to protect the well-being of the locals, especially in the private sector, said Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Haji Mohd Amin Liew Abdullah during a press conference at the Ministry of Health yesterday.

The minister said to avoid the misuse of the subsidy, the ministry will monitor and set conditions for the companies before being approved.

“Action will be taken against companies found misusing the subsidy including asking employees to get unpaid leave while applying for the subsidy”.

This subsidy is intended to help ease the burden on MSMEs, especially local workers who receive a monthly salary of BND1,500 and below; and contribute to the Employees Trust Fund (TAP).