About 300,000 Malaysians working in Singapore may soon be covered under a social security protection scheme, Malaysia's Ministry of Human Resources has announced.

Before this scheme is introduced, according to a report by Bernama, Human Resources Minister M Kulasegaran said the Ministry will first await the release of a study on the matter, conducted by the Social Security Organisation.

"This study to protect Malaysians working in Singapore is aimed at finding the pros and cons of the scheme, the benefits and risks they face. After that, we will see what we can do."

Citing an earlier study done, he added that the "lucrative pay" available in Singapore was a major factor that drew Malaysians to work in the country. That said, he added that there are currently about one million Malaysians working around the world, which shows their desire to work abroad.

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