TARGETED WAGE SUBSIDY PROGRAMME (PSU 5.0)

Dear Members,

Kindly be informed of the Targeted Wage Subsidy Programme (PSU 5.0), the financial assistance paid to the employer of each enterprise for each local employee as  implemented by the Government through PERKESO / SOSCO. Employers and Enterprises from tourism and related sectors with a decrease rate of 30% or more of total sales or revenue.

The PSU 5.0 is an assistance of RM 600 per month for 3 months, starting from 1 Jan 2022. The main conditions are as follows:

  • Employers must have experienced a decrease in sales/revenue of at least 30%
  • Registered and contribute to SOCSO before 1 Jan 2022
  • Registered with SSM/PBT before 1 Jan 2022
  • Employers must retain all the employees that are listed in the application of PSU 5.0

Please click the links below for reference:-

1. Website MOF:
https://budget.mof.gov.my/manfaat/en/faq/psu.html
    
2. Website SOCSO:
https://psu.perkeso.gov.my
    
3. List under tourism sector:
https://psu.perkeso.gov.my/Erpc-portlet/lampiran/SENARAI%20AKTIVITI%20SEKTOR%20PELANCONGAN.pdf


Kindly be informed of the PSU 5.0 as above.

Thank you.

PHUA TAI NENG
Chief Executive Officer