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A great news for Malaysians .. - live happily forever ....
I am affraid that this will make many Indonesians to migrate to Malaysia and convert their citizenship to Malaysia ..
-------
Malaysian workers who are retrenched will be compensated via financial means until they find new jobs. Retrenched workers will get half of their last drawn salaries up to 6 months after being laid off
The Employment Insurance System giving employees financial help, upskilling opportunities and job counselling will come into effect in 2018. These long-term benefits will not only protect them but help their bosses as well.
The Employment Insurance System (EIS), which is designed to help workers and employers cope with a demanding labour market, will start next year.
Prime Minister Datuk Seri Najib Tun Razak announced yesterday that the scheme will benefit around 6.5 million local employees in the private sector.
“EIS is aimed at employees who have lost their jobs. It will be a social safety net meant to provide financial help and assistance for workers in their job search,” he said in a statement.
He said that employees will get temporary financial help and will be assisted in looking for a new job through a job-seeking programme.
The employees, he added, will also be given retraining or additional training to upgrade their skills.
He said that the new policy will be tabled in the June meeting of the Parliament.
The policy is expected to be implemented on Jan 1, 2018 while payment of the benefits will start on Jan 1, 2019, he said.
He added that the scheme will be funded through premiums paid by both employees and employers.
The Social Security Organisation (Socso) will be managing the scheme, he added.
He said that the implementation of the scheme is expected to bring long-term benefits to both employees and employers in the country.
“EIS will add to the efficiency of the labour market (in the country) through a better system of matching supply and demand, and lead to increased productivity and competitiveness of the industries,” he said.
He added that similar schemes in other countries have shown that it can act to stabilise the economy and help sustain economic activities in a country, especially during times of economic crisis.
However, representatives from at least 90 industry and trade-based organisations voiced concerns over the EIS.
Malaysian Employers Federation executive director Datuk Shamsuddin Bardan said EIS was not practical as the retrenchment rate was less than 1% over the past two years.
“We are talking about the whole workforce contributing to a large pool which will be used to serve a minimal number of people,” he said.
Based on briefings with the Government, he said, both the employers and employees were required to contribute 0.25% of the employees’ salaries to a fund managed by Socso (Social Security Organisation).
The money, he said, would be used to help those retrenched but did not receive their termination benefits.
This group would be paid half of their last salary until they find a job or for up to six months, added Shamsuddin.
Shamsuddin said an estimated RM1.142bil is expected to be collected by EIS annually based on 6.8 million people in the private sector.
He said lay-off and retrenchment benefits under collective agreements were good enough to protect the employees.
Instead, he proposed for employers who do not pay retrenchment benefits to be charged in court.
Also present during the press conference were the Associated Chinese Chambers of Commerce and Industry of Malaysia, SME Association Malaysia, Malaysian Plastics Manufacturers Association, Malaysian Textile Manufacturers Association, Malaysian Associated Indian Chambers of Commerce and Industry, Federation of Malaysian Manufacturers and Malaysia Shopping Malls Association.
http://www.ami.com.my/employment-insurance-scheme-2018/
Malaysia Not Ready For Decision On Purchase Of Fighters: Prime Minister
Malaysian Defense Minister Hishammuddin Hussein, French Defense Minister LeDrian during a breakfast meeting on sidelines of French President Francois Hollande's Malaysian visit
Malaysia is still not ready to decide on the purchase of fighter jets from French Dassault.
“We still are not ready for a decision, but we take note of Rafale’s success in other nations,” Malaysian Prime Minister Najib Razak said during a joint press conference with French President Francois Hollande in Kuala Lumpur Tuesday.
The French President is on a three nation tour of Southeast Asia. Malaysia is eyeing to buy 18 fighter jets to replace Royal Malaysian Air Force's (RMAF) Russian MiG-29 planes.
Hollande said that he knows that Malaysia will be making a decision and they (Dassault) would wish to provide support. He pressed on the superiority of the aircraft (Rafale) and said, “we propose to discuss the prices, and the specifications. I trust you will make the decision when the time comes."
Malaysia’s defence minister Hishamuddin Hussain had squashed reports that the Dassault Rafale and Eurofighter Typhoon had been shortlisted for the Malaysian air force’s multi-role combat aircraft (MRCA) requirement.
Asked if the ministry would settle for Eurofighter Typhoon by BAE Systems or the Rafale by Dassault Aviation, he said the Boeing F/A-18E/F Super Hornet and the Saab Gripen “are still in the running”.
The defence minister was quoted by a Malaysian publication, Star as having made the comments during the concluding press conference of the Langkawi International Maritime and Aerospace (LIMA) show.
http://www.defenseworld.net/news/18...hase_Of_Fighters__Prime_Minister#.WNpYQtR95kg
A great news for Malaysians .. - live happily forever ....
I am affraid that this will make many Indonesians to migrate to Malaysia and convert their citizenship to Malaysia ..
-------
Malaysian workers who are retrenched will be compensated via financial means until they find new jobs. Retrenched workers will get half of their last drawn salaries up to 6 months after being laid off
The Employment Insurance System giving employees financial help, upskilling opportunities and job counselling will come into effect in 2018. These long-term benefits will not only protect them but help their bosses as well.
The Employment Insurance System (EIS), which is designed to help workers and employers cope with a demanding labour market, will start next year.
Prime Minister Datuk Seri Najib Tun Razak announced yesterday that the scheme will benefit around 6.5 million local employees in the private sector.
“EIS is aimed at employees who have lost their jobs. It will be a social safety net meant to provide financial help and assistance for workers in their job search,” he said in a statement.
He said that employees will get temporary financial help and will be assisted in looking for a new job through a job-seeking programme.
The employees, he added, will also be given retraining or additional training to upgrade their skills.
He said that the new policy will be tabled in the June meeting of the Parliament.
The policy is expected to be implemented on Jan 1, 2018 while payment of the benefits will start on Jan 1, 2019, he said.
He added that the scheme will be funded through premiums paid by both employees and employers.
The Social Security Organisation (Socso) will be managing the scheme, he added.
He said that the implementation of the scheme is expected to bring long-term benefits to both employees and employers in the country.
“EIS will add to the efficiency of the labour market (in the country) through a better system of matching supply and demand, and lead to increased productivity and competitiveness of the industries,” he said.
He added that similar schemes in other countries have shown that it can act to stabilise the economy and help sustain economic activities in a country, especially during times of economic crisis.
However, representatives from at least 90 industry and trade-based organisations voiced concerns over the EIS.
Malaysian Employers Federation executive director Datuk Shamsuddin Bardan said EIS was not practical as the retrenchment rate was less than 1% over the past two years.
“We are talking about the whole workforce contributing to a large pool which will be used to serve a minimal number of people,” he said.
Based on briefings with the Government, he said, both the employers and employees were required to contribute 0.25% of the employees’ salaries to a fund managed by Socso (Social Security Organisation).
The money, he said, would be used to help those retrenched but did not receive their termination benefits.
This group would be paid half of their last salary until they find a job or for up to six months, added Shamsuddin.
Shamsuddin said an estimated RM1.142bil is expected to be collected by EIS annually based on 6.8 million people in the private sector.
He said lay-off and retrenchment benefits under collective agreements were good enough to protect the employees.
Instead, he proposed for employers who do not pay retrenchment benefits to be charged in court.
Also present during the press conference were the Associated Chinese Chambers of Commerce and Industry of Malaysia, SME Association Malaysia, Malaysian Plastics Manufacturers Association, Malaysian Textile Manufacturers Association, Malaysian Associated Indian Chambers of Commerce and Industry, Federation of Malaysian Manufacturers and Malaysia Shopping Malls Association.
http://www.ami.com.my/employment-insurance-scheme-2018/
Hahah yeah, they will flood your country just for the sake of the funding, which in turn, will make your own program to backfire, WHICH IN TURN, gonna make your country broke.
Nice insight on that one..
Hahahaha .. We will give give a "Red Carpet" for "Indonesians who are rich, profesional and hold second or third degree" if they come to Malaysia. High salary, good career and good environment for their families are available for them in Malaysia. .. But, we have to say NO to the majority of Indonesians who have created many "social problem" and/or to be "trouble maker" for Malaysia by your "low class" TKI/TKW ...
Hahahaha .. We will give give a "Red Carpet" for "Indonesians who are rich, profesional and hold second or third degree" if they come to Malaysia.
What do you expect, they lack of quallified man power, look at umno waria, his stupidity is a reflection of most malayshit lol......
Hahahaha ... it looks you will be included in the list of "Unlikely Person" by our immigration when you arrive at KLIA ... ..Our immigation officer will say .. Please go back to your "kampong" if you want to be a "touble maker" here ..