KUALA LUMPUR: The Malaysian Employers Federation (MEF) calls on profitable businesses to respond positively to the recommendation of Prime Minister Da...
The Malaysian Employers Federation calls on profitable businesses to respond positively to the recommendation of Prime Minister Datuk Seri Anwar Ibrahim in Budget 2024 that private sector employers should review the appropriateness of remuneration and rewards.
During the tabling of Budget 2024 on Friday, Anwar said that by next year, the government will start intensifying engagements and calls for the private sector employers to reward employees especially companies with reasonable profits. He said the Madani Budget revamps the country’s TVET through collaboration with government-linked companies and private companies.
Additionally, the RM1.6 billion in funding to provide 1.7 million training offers, with HRD Corporation Bhd would reallocate 15 per cent of the special fund of the total levy collection to implement the training programme encompassing retraining and skills improvement programmes for small and medium enterprise entrepreneurs and the vulnerable such as ex-convicts, persons with disabilities, senior citizens and pensioners.
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