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Malaysia's Human Resources Ministry is pushing for Cabinet approval to transform RM100 million in Skills Development Fund Corporation financing from loans into grants, aiming to reduce financial pressure on vocational students after graduation.
Bank Negara Malaysia has flagged concerns that wage growth is trailing productivity gains, urging a comprehensive review of how the wage-setting system operates across income levels to ensure workers benefit from economic expansion.
Human Resources Minister Datuk Seri R. Ramanan has emphasised that Malaysian workers must receive first consideration for job vacancies, with foreign recruitment permitted only when no local candidates are available.