Malaysia shelves unemployment insurance scheme
Play
Malaysia's unemployment insurance scheme will be shelved for now, National Economic Council member Chua Soi Lek said on Monday.
Prime Minister Najib Tun Razak directed International Trade and Industry Minister Mustapa Mohamed and Human Resources Minister S Subramaniam to shelve the scheme at a Monday council meeting, said Chua, who is also MCA president.
“I stressed during the meeting that the government should not implement any new plans that will burden the business sector, especially small-and-medium enterprises, before the implementation of the minimum wage system because they may not be able to survive due to the additional financial stress,” said Chua.
