Finance minister: Govt allocates RM20.107b to 357,402 employers through WageSubsidy ProgrammeKUALA LUMPUR, Jan 13 The government has channelled RM20.107 billion to 357,402employers through the Wage Subsidy Programme (PSU) to maintain the employment of2,951,245 local workers in an effort to reduce the unemployment rate among Malaysianworkers.Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the government would continuethe PSU initiative based on total sales or revenue in October 2021 until December 2021compared to any month in 2019 until 2021 before the outbreak of Covid-19."Applications have been open since January 1, 2022 until March 31, 2022 but employersfrom sectors and industrial activities that are not listed but are still affected due to thespread of Covid-19 can still submit an appeal online to Socso. "With an allocation ofRM600 million, this initiative will benefit more than 26,000 employers and 330,000employees," he said in the 81st Implementation and Coordination Unit Between NationalAgencies (Laksana) report released today.Through PSU 4.0, a total of RM2.148 billion has been channelled to 142,539 employers tocontinue operating and maintain employment for 1,698,999 employees as of December31, 2021, said Tengku Zafrul. The government through various ministries and governmentagencies will continue its training and skills upgrading efforts for 2022 with a totalallocation of RM1.1 billion targeting 220,000 job opportunities. Among the initiatives thatwill be implemented are training and skills upgrading under the Human ResourceDevelopment Centre (HRDC), Regional Corridor, Perbadanan Hal Ehwal Bekas AngkatanTentera (Perhebat), Ministry of Higher Education, Polytechnic Education Department andCommunity Colleges and others, he said. Meanwhile, the government has allocatedRM600 million for micro, small and medium enterprises (MSMEs) that are still affected bythe Covid-19 outbreak."As of December 31, there are 701 applications for this funding, and out of this total, 340applications had been approved with a total funding of RM67.5 million," he said. Accordingto Bank Negara Malaysia, a total of RM400 million from the original RM1 billion fund wasreallocated for the Disaster Relief Facility (DRF) to reduce the financial burden and restorebusiness operations of SMEs affected by floods and the SME Automation andDigitalisation Facility (ADF) to provide incentives to SMEs to automate processes anddigitalise operations to increase productivity and efficiency. - Bernama b) Based on the above article, the unemployment that occurs is due to covid-19. Explain thetype of unemployment the economy may be facing.c) Discuss any other two (2) types of unemployment arises in economy.d) What is the solution being taken by the government to overcome the problem ofunemployment mentioned in the article?e) "According to Bank Negara Malaysia, a total of RM400 million from the original RM1 billionfund was reallocated for the Disaster Relief Facility (DRF) to reduce the financial burden andrestore business operations of SMEs affected by floods and the SME Automation andDigitalisation Facility (ADF) to provide incentives to SMEs to automate processes anddigitalise operations to increase productivity and efficiency". Briefly explain three (3)monetary tools that can be used by Bank Negara Malaysia to overcome the problem ofunemployment.

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Finance minister: Govt allocates RM20.107b to 357,402 employers through WageSubsidy ProgrammeKUALA LUMPUR, Jan 13 The government has channelled RM20.107 billion to 357,402employers through the Wage Subsidy Programme (PSU) to maintain the employment of2,951,245 local workers in an effort to reduce the unemployment rate among Malaysianworkers.Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the government would continuethe PSU initiative based on total sales or revenue in October 2021 until December 2021compared to any month in 2019 until 2021 before the outbreak of Covid-19.&#34;Applications have been open since January 1, 2022 until March 31, 2022 but employersfrom sectors and industrial activities that are not listed but are still affected due to thespread of Covid-19 can still submit an appeal online to Socso. &#34;With an allocation ofRM600 million, this initiative will benefit more than 26,000 employers and 330,000employees,&#34; he said in the 81st Implementation and Coordination Unit Between NationalAgencies (Laksana) report released today.Through PSU 4.0, a total of RM2.148 billion has been channelled to 142,539 employers tocontinue operating and maintain employment for 1,698,999 employees as of December31, 2021, said Tengku Zafrul. The government through various ministries and governmentagencies will continue its training and skills upgrading efforts for 2022 with a totalallocation of RM1.1 billion targeting 220,000 job opportunities. Among the initiatives thatwill be implemented are training and skills upgrading under the Human ResourceDevelopment Centre (HRDC), Regional Corridor, Perbadanan Hal Ehwal Bekas AngkatanTentera (Perhebat), Ministry of Higher Education, Polytechnic Education Department andCommunity Colleges and others, he said. Meanwhile, the government has allocatedRM600 million for micro, small and medium enterprises (MSMEs) that are still affected bythe Covid-19 outbreak.&#34;As of December 31, there are 701 applications for this funding, and out of this total, 340applications had been approved with a total funding of RM67.5 million,&#34; he said. Accordingto Bank Negara Malaysia, a total of RM400 million from the original RM1 billion fund wasreallocated for the Disaster Relief Facility (DRF) to reduce the financial burden and restorebusiness operations of SMEs affected by floods and the SME Automation andDigitalisation Facility (ADF) to provide incentives to SMEs to automate processes anddigitalise operations to increase productivity and efficiency. - Bernama b) Based on the above article, the unemployment that occurs is due to covid-19. Explain thetype of unemployment the economy may be facing.c) Discuss any other two (2) types of unemployment arises in economy.d) What is the solution being taken by the government to overcome the problem ofunemployment mentioned in the article?e) &#34;According to Bank Negara Malaysia, a total of RM400 million from the original RM1 billionfund was reallocated for the Disaster Relief Facility (DRF) to reduce the financial burden andrestore business operations of SMEs affected by floods and the SME Automation andDigitalisation Facility (ADF) to provide incentives to SMEs to automate processes anddigitalise operations to increase productivity and efficiency&#34;. Briefly explain three (3)monetary tools that can be used by Bank Negara Malaysia to overcome the problem ofunemployment.

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