Malaysia Launches RM710 Million PACE Package to Boost Worker Support
The Malaysian government has unveiled a series of new initiatives to support workers across various sectors. Prime Minister Datuk Seri Anwar Ibrahim announced the measures under the Progressive Acceleration for Capability and Employment (PACE) Economic Resilience Package, valued at over RM710 million. The plans include financial aid, training programmes, and expanded social security coverage for both local and overseas workers. One of the key initiatives is the Post-Maternity Leave Allowance, which offers financial support for an extra 30 days of leave beyond the standard 98-day maternity period. The government has also allocated RM580 million from the Social Security Organisation (Perkeso) to help unemployed workers through the Employment Insurance System (EIS).
To boost skills development, RM20 million will go to the Skills Development Fund Corporation (PTPK) for training gig workers. Another RM100 million under HRD Yakin Madani will fund training and job placement schemes. Additionally, RM10 million has been set aside via TalentCorp for the Industry Training Matching Grant, aimed at supporting micro, small, and medium enterprises (MSMEs) and start-ups. The Self-Employment Social Security Act 2017 will be updated to extend Perkeso protection to Malaysians working abroad, starting with cross-border workers between Malaysia and Singapore. Prime Minister Anwar has given ministers a two-week deadline to submit detailed reports on these initiatives. These reports must then be presented to the Cabinet within three weeks of the announcement.
The new measures aim to strengthen worker protections, improve skills training, and provide financial relief for those affected by job losses. With funding spread across multiple programmes, the government expects the PACE package to enhance employment stability and economic resilience for Malaysian workers.
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