MALAYSIA
Employment
Revised minimum wage may be implemented sooner
THE government has proposed to implement the new minimum monthly wage of RM1,500 sooner, rather than its initial plans by the end of 2022.
Human Resources Minister Datuk Seri M Saravanan said the proposal considers the country’s current economic situation, which has improved with most businesses seen growing and recovering.
“The government takes note of the demands of some parties to expedite the increase of the new minimum wage due to the current economic situation and the rising cost of living,” Saravanan told the Dewan Rakyat yesterday.
He also said Malaysia’s GDP registered an increase of 3.6% in the fourth quarter of 2021 and is expected to increase this year.
“This can be achieved with the government’s financial assistance so employers can continue and maintain their business operations.
“Based on Budget 2022’s projections, this performance is expected to grow at a rate of 5.5% to 6.5% in 2022,” he said.