Press Statement - "STA Says No to the Unutlised 30% of Levy Contributions from Employers for 1MalaysiaGrip to Consolidated Fund on 1 April 2016"

The Association is disappointed with the lack of transparency and consultation on how Pembangunan Sumber Malaysia Berhad (PSMB) manages the above fund contributed by employers pursuant to PSMB Act (2001).

Since June 2015, 30% of the total fund paid by Pembangunan Sumber Malaysia Berhad (PSMB) registered employers has been placed in employer’s individual 1Malaysia Globally Recognised Industry Professional Certificate Programme (1MalaysiaGrip) account.  The objective of the 1MalaysiaGrip is to encourage employers to train their employees under 1MalaysiaGrip and 1MalaysiaGrip will be supported with a matching grant from the Government.

The Association has received many complaints from members since beginning of the year expressing their disappointment. 

The Association objects to PSMB plan to transfer the unutilised RM71.1 million employers’ fund to a consolidated fund on 1 April 2016.

Please click here for the complete Press Statement.

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