Summary
Labor Market Insight: Budget 2025 – Final Sprint under RMKe-12 by EU-ERA explores Malaysia’s Budget 2025, emphasizing labor market interventions within the 12th Malaysia Plan framework. The report highlights RM74.7 billion investments across education, job creation, and industry, aiming to generate 510,000 new jobs and improve wages and productivity. Key focuses include addressing wage stagnation, gender inclusion, TVET empowerment, and workforce inclusivity. While progress is evident in unemployment and wage policies, challenges like skills mismatches persist. The recommendations advocate integrated reforms and non-formal education to ensure a resilient, future-ready Malaysian workforce.
