Kuala Lumpur: According to the management of the Bumiputra Program (TERAJU), only 73,400 Bumiputara graduates (or 27 percent) were employed in the private sector in 2020, up from 103,900 (40 percent) in 2019.
A study by the agency reduced the decline in job opportunities by 29.3% over two years.
The study entitled “The Impact of the Pandemic on Employment Opportunities for Bumiputra Graduates” by the Teraju Research, Analysis and Information Technology (RAIT) Division stated, “If you look closely, this is caused by the COVID-19 pandemic.”
These results were obtained in two ways: first, to determine the racial composition and compare the years of Bumiputera (IPTA) and private (IPTS) graduates, as well as the impact of the COVID-19 pandemic on the youngest graduates.
Second, examine the inequality of job opportunities in a given year and compare it with the number of Bumiputra graduates in that year.
Unemployment Survey Report, 2020 Bumiputera Data and Fourth Quarter 2020 Employment Data from the Ministry of Statistics, Malaysia (DSM), Ministry of Manpower, Peninsular Malaysia (JTKSM), and Ministry of Human Resources (KSM), Malaysia. secondary data.
Based on this study, and based on IPTA and IPTS data from 2017-2020, Bumiputera graduates increased by 84% (259,659), China by 12% (35,904), and India by 4% (12,055).
Referring to DOSM graduate data for 2020, the survey also found that the number of unemployed graduates rose 22.5 percent (202,400) in 2020 from 165,200 in the previous year and 70 percent were boomers.
The survey found that most of the unemployed belong to the B40 and M40 groups, who depend on wages and salaries as a source of income.
“With that in mind, graduates – and Bumiputera in particular – are vulnerable to negative economic shocks such as unemployment due to recession, etc.
“This is due to Bumiputer’s large income disparity and limited financial resources,” the study found.
According to Teraju, based on last year’s special DOSM study on the impact of COVID-19 on the number of Bumiputera and non-Bumiputera, IPTA and IPTS graduates – around 270,00 Bumiputera graduates, an increase of about 10 percent compared to 2018
“This corresponds to an increase in the number of graduates in Malaysia by 316,000 in 2020 compared to 300,000 in 2018, which corresponds to a 5.4% increase,” the study said.
Citing DOSM, the study also found that employment declined from the third quarter of 2019 to the fourth quarter of 2020.
“Skills with skilled workers fell in the second quarter of 2020 from more than 12,000 in the same period last year to 3,600, down 70%.”
Therefore, Teraju took the initiative to increase Bumiputera’s participation in the skilled labor market as part of the upcoming Bumiputera 2030 Action (TPB 2030).
“As the main coordinating body for Bumiputera’s socio-economic development, Teraju has established the Bumiputera Center of Excellence (CE), which offers education from the very young to the most advanced.
“It also offers advanced training programs such as financial literacy and entrepreneurship, as well as courses in multiple disciplines,” the study said. Barnam