|Friday, July 25, 2014

Dr. Chua: Defer Unemployment Insurance Scheme 

Dr. Chua Soi Lek

Kuala Lumpur, June 11 – Datuk Seri Dr. Chua Soi Lek in a statement today has proposed to the National Economic Council to defer all plans on the unemployment insurance scheme before the implementation of the minimum wage system.

 

Dr. Chua who is also National Economic Council member said that the implementation of the minimum wage system may cause financial burden for many Small and Medium Enterprises (SMEs), hence the postponement of the scheme.

 

The Prime Minister, Datuk Seri Najib Tun Razak, when chairing the National Economic Council Meeting today , has directed International Trade and Industry Minister Dato’ Sri Mustapa Mohamed and Human Resources Minister Datuk Seri Dr. S. Subramaniam to shelve the unemployment insurance programme.

 

Dr. Chua added that the unemployment insurance scheme requires further deliberation not just to avoid the increase of the financial burden on the business sector, but there is also a need to explore the. mechanism of the insurance scheme to ensure that no other issues will arise during its implementation.

 

He has also suggested for relevant authorities to make the details of the insurance scheme public as a way to answer any doubts posed by stakeholders.