Malaysia is set to spend US$900 million to create 500,000 jobs
When COVID-19 struck, the unemployment rate in Malaysia shot up to 5.3 percent in May, 2020, before hovering at 4.7 percent in July.
To mitigate the impact of the pandemic, the Malaysian government is set to invest some US$900 million (RM3.7 billion) to generate 500,000 jobs.
In his tabling of the Budget 2021 in the Parliament on 6 November, Malaysia’s Finance Minister Tengku Zafrul Tengku Abdul Aziz said the funds will be used to start upskilling and retraining programs.
Dubbed Job…
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