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This employer helps workers repay PTPTN loans as an incentive | Malay Mail

This employer helps workers repay PTPTN loans as an incentive

10.9.2019

This employer helps workers repay PTPTN loans as an incentive

KUALA LUMPUR, Sept 10 — Industrial network company owner Hii Ding Sin has found a novel way to retain employees — by helping them pay back their PTPTN loans. The managing director of Vector Infotech Sdn Bhd said he came up with the idea as he did not want to lose good interns to other...

KUALA LUMPUR, Sept 10 — Industrial network company owner Hii Ding Sin has found a novel way to retain employees — by helping them pay back their PTPTN loans.

“After the completion of their internship, they will be offered employment at my company and judging from their immediate superior’s feedback, the company will help them to repay their PTPTN loans,” he added.

Hii also said that the company did not tie the employees down with a contract despite the company helping them to repay their study loans.

Meanwhile, PTPTN Deputy Chief Executive (Policy and Operations) Mastura Mohd Khalid said the corporation began offering tax relief for employers under Budget 2019. It is valid until December 31 this year.

Saying the incentive was a win-win situation for employers and employees, Mastura said employers get their tax relief while their employees will be more productive.

Read more: Malay Mail

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