In The Spotlight

An Important Message from HRDF

6 Sep 2017

Effective 1st April 2017, the PSMB Act 2001 has been expanded by abolishing the Paid-up Capital and streamlining the eligibility criterion to all employers employing a minimum of ten (10) local employees across all sub-sectors within the Manufacturing, Services, Mining & Quarrying. This expansion is crucial towards the overall development of Malaysia’s Human Capital in increasing the number of skilled workers from the current 31% to 35% by the year 2020.

In view of the expansion, the Human Resources Development Fund (HRDF) or Pembangunan Sumber Manusia Berhad (PSMB) believes that more employers especially those within the ambit of the British Malaysian Chamber of Commerce will now be covered under the PSMB Act 2001 and it is mandatory by law to register with the Human Resources Development Fund (HRDF) effective 1st April 2017. HRDF has offered all employers affected by the expansion, an amnesty period of up to 30th September 2017. Failure to register within the amnesty period, the employer shall be liable to a fine not exceeding RM 10,000 or imprisonment for a period not exceeding one (1) year or both if convicted under Section 13(2) of PSMB Act 2001.

The employer registration forms can be downloaded from our website www.hrdf.com.my and completed forms together with all required documentations (please refer to the website for the list of documents) must be submitted to the HRDF office for processing and approval.

HRDF officers can be contacted via TOLL FREE LINE at 1800 88 4800 for further information or clarification.

For BMCC Members requiring assistance or further clarification, please email Sridaran Sabapathy at sridaran@bmcc.org.my