Latest news with #PembangunanSumberManusiaBerhadAct2001
BusinessToday
2 days ago
- Business
- BusinessToday
Govt Grants One-Year Training Levy Exemption For Private Education Sector Starting 2026
YAB Perdana Menteri, Dato' Seri Anwar Ibrahim, menyampaikan ucapan khas semasa Dialog Shangri-la 2025: Persidangan Keselamatan Asia di Singapura. 31 Mei 2025. IZZUDDIN ABD RADZAK/Pejabat Perdana Menteri. NO SALES; NO ARCHIVE; RESTRICTED TO EDITORIAL USE ONLY. NOTE TO EDITORS: This handout videos may only be used for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the visual or facts mentioned in the caption. Reuse of the videos may require further permi The government has announced a one-year exemption from training levy payments for all private educational and training institutions, effective Jan 1, 2026, to strengthen the nation's education and training ecosystem. Prime Minister Datuk Seri Anwar Ibrahim made the announcement during the National Training Weeks (NTW) 2025 at Bukit Jalil National Stadium on June 14. The exemption, he said, is part of the MADANI government's strategy to support education providers and focus resources on raising training quality. 'This exemption allows private institutions, from preschools to universities and vocational centres, to channel their efforts into enhancing skills development for our youth,' said Anwar, adding that the decision followed extensive feedback from the sector. The levy, mandated under the Pembangunan Sumber Manusia Berhad Act 2001 (Act 612), typically supports the Human Resource Development Corporation under the Human Resources Ministry (KESUMA). Anwar said he has instructed the secretaries-general of the Education Ministry and KESUMA to ensure quality standards are upheld despite the levy waiver, and also urged oversight on large corporations to contribute more meaningfully to employee training. Reinforcing the MADANI Economic Framework, Anwar emphasised the importance of preparing Malaysia's youth for high-growth industries such as artificial intelligence, digital transformation and semiconductor manufacturing, areas where Malaysia is already a key regional hub. 'This is not the time to be stuck in outdated methods. We must train our future workforce in the technologies that define the global economy,' he said. Related
The Sun
2 days ago
- Business
- The Sun
Private educational institutions to get one-year training levy waiver from 2026
KUALA LUMPUR: For the first time, the government has announced a one-year exemption from training levy payments for all private educational institutions, effective Jan 1, 2026. Prime Minister Datuk Seri Anwar Ibrahim said the exemption covers all institutions, including preschools, primary and secondary schools, vocational education centres, institutions of higher learning, and general training institutes. 'After receiving numerous views from (private) education and training institutions, the MADANI government has sought the best solution to train our young people. This (exemption) is intended to allow them to focus on improving quality,' he said. He said this when officiating at the highlight of the National Training Weeks (NTW) 2025 at the Bukit Jalil National Stadium grounds here today. Also present was Human Resources Minister Steven Sim. At the same time, the Prime Minister directed the secretaries-general of the Ministry of Education (MOE) and the Ministry of Human Resources (KESUMA) to monitor and ensure that these training institutions offer quality training following the granting of the levy waiver. 'Also monitor private companies with high profits to ensure they give something back to their workers,' he added. Under the Pembangunan Sumber Manusia Berhad Act 2001 (Act 612), employers are required to pay a levy to the Human Resource Development Corporation (HRD Corp), an agency under the Ministry of Human Resources (KESUMA), for training and skills development. Anwar also stressed the need to train the younger generation in new fields using current methods, in line with the MADANI Economic Framework, and not remain stuck in outdated training approaches. He said these include areas such as digital transformation, artificial intelligence (AI), semiconductors and chip manufacturing. 'Malaysia's semiconductor industry is not small — the country is regarded as a hub and base for the ASEAN region. Nearly all of the world's largest semiconductor and AI companies are based in Malaysia,' he said.
The Sun
2 days ago
- Business
- The Sun
Govt Announces Training Levy Exemption for Private Institutions
KUALA LUMPUR: For the first time, the government has announced a one-year exemption from training levy payments for all private educational institutions, effective Jan 1, 2026. Prime Minister Datuk Seri Anwar Ibrahim said the exemption covers all institutions, including preschools, primary and secondary schools, vocational education centres, institutions of higher learning, and general training institutes. 'After receiving numerous views from (private) education and training institutions, the MADANI government has sought the best solution to train our young people. This (exemption) is intended to allow them to focus on improving quality,' he said. He said this when officiating at the highlight of the National Training Weeks (NTW) 2025 at the Bukit Jalil National Stadium grounds here today. Also present was Human Resources Minister Steven Sim. At the same time, the Prime Minister directed the secretaries-general of the Ministry of Education (MOE) and the Ministry of Human Resources (KESUMA) to monitor and ensure that these training institutions offer quality training following the granting of the levy waiver. 'Also monitor private companies with high profits to ensure they give something back to their workers,' he added. Under the Pembangunan Sumber Manusia Berhad Act 2001 (Act 612), employers are required to pay a levy to the Human Resource Development Corporation (HRD Corp), an agency under the Ministry of Human Resources (KESUMA), for training and skills development. Anwar also stressed the need to train the younger generation in new fields using current methods, in line with the MADANI Economic Framework, and not remain stuck in outdated training approaches. He said these include areas such as digital transformation, artificial intelligence (AI), semiconductors and chip manufacturing. 'Malaysia's semiconductor industry is not small — the country is regarded as a hub and base for the ASEAN region. Nearly all of the world's largest semiconductor and AI companies are based in Malaysia,' he said.
