Bank Negara Malaysia Introduces iTekad Employment Initiative
The central bank has launched a new programme aimed at addressing the persistent skills and employment gap in the country.

Bank Negara Malaysia has officially launched iTekad Employment, a strategic initiative designed to bridge the existing divide between professional skills and job opportunities within the Malaysian labour market. The programme seeks to facilitate better alignment between the capabilities of the workforce and the demands of employers.
According to NST Online, the initiative is positioned as a targeted effort to improve employment outcomes for participants. By focusing on the intersection of skills training and job placement, the programme addresses structural challenges that often hinder job seekers from securing stable, long-term employment.
The iTekad Employment framework is structured to support individuals in navigating the complexities of the modern job market. By enhancing the professional readiness of candidates, the initiative intends to create a more efficient recruitment landscape that benefits both the workforce and businesses across various sectors.
This programme holds significant importance for the Malaysian economy as the country continues to refine its human capital development strategies. Addressing the skills gap is a critical factor in maintaining national productivity and ensuring that the local workforce remains competitive in an evolving economic environment. By formalising this support, Bank Negara Malaysia is taking a proactive step toward fostering more inclusive growth and long-term economic stability for citizens.
Source
Originally reported by NST Online. Read the original report →
Join the conversation
We post stories like this all day on Threads. Discuss this story on Threads →
More in Money
Wise Connects to Malaysia’s National Payments Network
The international money transfer platform has completed an integration with the PayNet system to enhance its local service capabilities.

Bank Negara Reports Resilient Credit Growth As Business Lending Accelerates
Malaysia’s banking sector shows stability as credit demand remains steady, led by a notable rise in business financing throughout June.

China settles Malaysian fruit trade payment outside of SWIFT system
A recent transaction for fruit exports marks a shift in how China handles cross-border payments with Malaysia.

Wise Secures Direct Access to Malaysian Payments Infrastructure
The international money transfer provider has integrated with Malaysia's national payments network.
