Kuala Lumpur – The Malaysian Employers Federation (MEF) has commended the management team of the Human Resource Development Corporation (HRD Corp) for achieving a stable financial position with profits amounting to RM389.95 million as of December 31, 2022.

MEF President, Datuk Dr. Syed Hussain Syed Husman, echoed the sentiments of the Auditor General’s Report (LKAN) 2/2024, which acknowledged HRD Corp’s very stable financial position at present.

Dr. Syed noted that HRD Corp’s stable financial status will strengthen all the human capital training programs needed by businesses operating in the country.

“Congratulations to the HRD Corp management team for this achievement. We, as employers, will continue to collaborate to develop the nation’s economy, particularly in empowering human capital, which is one of the main pillars of business,” he said in a statement.

For the record, HRD Corp recorded accumulated profits of RM389.95 million as of December 31, 2022.

Additionally, HRD Corp reported unrealized net investment gains of RM69 million as of the end of December 2023.

This amount represents approximately 98.7% of HRD Corp’s total investment portfolio, valued at RM3.6 billion.

He also praised HRD Corp for maintaining a stable financial position despite ongoing investigations by the Malaysian Anti-Corruption Commission (MACC) following the findings of the Public Accounts Committee (PAC).

“For employers, this is certainly good news as we can rely on HRD Corp’s management to provide training to improve the skills and expertise of our employees,” he added. – MalayaDailyToday