Recommend Us | About Us | Back to

News | Financial Calculator | Home Financing | Archived News |


  Welcome to Bernama Banking & Finance Special Page     
Employment Insurance System Bill Tabled
Last update: 01/08/2017

KUALA LUMPUR, Aug 1 (Bernama) --†The Employment Insurance System Bill†2017 which provides certain benefits such as employment search allowances and reduced earnings allowances to†insured persons who have lost their jobs, was tabled for the first reading in the Dewan Rakyat†today.

The Bill, presented by Human Resource†Minister Datuk Seri Richard Riot, among others, provides guidelines to assist in the re-employment of an individual as well as the payment of benefits to dependents in the event that an insured employee dies, falls into a coma or is of unsound mind.

It also provides for the establishment of the 'Employment Insurance Fund'†to operate and administer insurance contributions collected from both employers and employees.

When the bill is approved and enforced it is expected to†promote active labour market policies.



Maybank Islamic wins Islamic Bank of the year award
GST ends on AIBIM Bank services & products

RHB Islamic Bank CEO is new AIBIM President

AmGeneral eyes 2-3 pct growth in premium in FY19
LIAM seeks govt support on insurance penetration

LIAM urges more operator participation to help B40

US 4.0470/0500
S'pore 2.9655/9688
100 Yen 3.5973/6010
Sterling 5.3574/3626
Euro 4.7285/7324
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

  Main | News | Insurance

© 2018 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution