HRD Corp achieves record RM2.3bil levy collection in 2024

The Star

The Human Resources Ministry, through the Human Resource Development Corporation (HRD Corp), has collected a record-breaking levy, says Steven Sim.  Speaking at the joint Chinese New Year open house on Sunday (Feb 9), Sim stressed that the goal is not just to collect levies but to ensure they are fully utilised.  Looking ahead, the ministry also aims to enhance business efficiency, including speeding up grant approvals, he added.  Read more at https://tinyurl.com/43czdt6h  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00Finish in touch, finish in touch.

00:02One, two, three.

00:05Wow, perfect.

00:11In the year 2024,

00:17the levy that has been approved,

00:20the levy that has been, first we talk about the collection.

00:24The Kutipan levy in 2024

00:28has reached a new record,

00:32the highest in history,

00:34as much as 2.3 billion ringgit.

00:38The highest Kutipan in history,

00:40compared to 2023,

00:422.1 billion ringgit.

00:44Some people ask,

00:45what's the point of collecting levy?

00:47You're good at collecting levy,

00:49but it's useless.

00:50Yes, for us, the matter is very clear.

00:52We are not here just to collect your levy.

00:55That's right, FMM.

00:56We are not here to collect your levy.

00:57We want to ensure this levy is being utilised.

01:01Therefore, in 2024,

01:04the allowance given for the use of levy

01:08is 98%,

01:11which is an increase of almost 30%,

01:14compared to 2023.

01:16As much as 2.27 billion ringgit.

01:21So we've managed to approve

01:23almost 98% of levy to be utilised.

01:27By whom?

01:28By the employers.

01:30And,

01:31that's the approval,

01:32but the disbursement,

01:34the approval,

01:36we managed to give that money.

01:39After paying,

01:40we paid back to the employer,

01:42to the trading provider,

01:43to run the business.

01:4785% levy disbursement last year,

01:51which is also higher than 2023.

01:54Also 30% higher than 2023.

01:57Congratulations to all the members of HRD Corp.

02:05We understand that,

02:06if we want to move forward,

02:08it's very important to

02:10not only have a good foundation,

02:15but we must continue to ensure

02:17that our process continues to move forward.

02:20So,

02:21this year,

02:23through the re-engineering foundation,

02:29we want to make sure,

02:31if we want to get a levy pass,

02:35to get a grant pass,

02:37it takes about one week.

02:39Okay? One week.

02:41And if we want to get it after the pass,

02:44after the course,

02:46to get the payment,

02:47it takes about seven days.

02:49That's all.

02:50This year,

02:51we want HRD Corp.

02:54to give a levy pass

02:58from one week

03:01to one hour.

03:08If you clap harder,

03:09then you will give more pressure to HRD Corp.

03:13And we all should give more pressure.

03:17So,

03:18if we want to get a levy pass,

03:20one week,

03:21we are aiming for one hour.

03:23If we want to get a payment,

03:25it takes about one week or so,

03:27seven days.

03:28This year,

03:29we are aiming to cut that lead time

03:32from seven days

03:33to three days.

03:35Three days.

03:39Clap harder,

03:40so that you give them more pressure.

03:43So, the pass,

03:44from seven days

03:46to one hour.

03:47Payment back,

03:48payment to IP,

03:51from seven days,

03:53now we want to reach three days.

03:56So, I hope,

03:57this is the aspiration,

03:58the reformation,

04:00the order,

04:01which is supported,

04:03which is inspired

04:04by the Honorable Minister of Finance.

04:07All departments,

04:10all departments,

04:13all departments,

04:14all agencies,

04:15must move fast,

04:17because the 21st century world

04:20is not waiting for any country.

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