From what i know from colleagues, very little absorbed.
So, my personal opinion is if got higher offer from other company, even from lower tier company compare to Pet, just go. At least the salary baseline have increased, and can be leverage for future hiring negotiation.

Me personally think gov should abolish this kind of program la.
I know it's to help fresh grad.

But what happen is, business capitalise on it as the standard starting salary, offsetting/delaying the appropriate compensation to the youngsters. Better just let the market determine it own range.

Maybe few years back, 2k is good number, but with the current price and inflation, 2k is stretching too thin la.