KUALA LUMPUR (June 26): Prime Minister Datuk Seri Ismail Sabri Yaakob on Sunday expressed concern over the increasing number of bankrupts among youths. In view of the situation, Ismail Sabri said he will hold discussions with Bank Negara Malaysia governor Tan Sri Nor Shamsiah Mohd Yunus on measures to curb the problem. "I am concerned when looking at the latest statistics on bankruptcy among youths and I am also concerned that the numbers will rise further. Ismail Sabri said the closure of several economic sectors increased the country's unemployment rate to 5.3% in May 2020, the highest monthly (unemployment) rate ever recorded. This year alone, Ismail Sabri said, the government is targeting up to 600,000 job opportunities, with an allocation of RM4.8 billion, through the Malaysian Family Job Guarantee initiative.

Source: The Edge Markets June 26, 2022 15:41 UTC