Mechanics of minimum wage to be announced soon


The prime minister says the new minimum wage of RM1,500 will initially apply only to big firms and government-linked companies. – The Malaysian Insight file pic, March 20, 2022.

THE detailed mechanism and implementation of the RM1,500 minimum wage will be announced soon, said Human Resources Minister M. Saravanan.

He said the move was agreed upon during a cabinet meeting on March 11.

“It is clearly in line with the government’s commitment to increase wages and boost workers’ well-being. It is expected to stimulate the economy via workers’ increased purchasing power,” he said in a statement today.

Prime Minister Ismail Sabri Yaakob yesterday announced that the government will increase the minimum wage to RM1,500 a month, and that the move will be implemented for certain companies from May 1.

He said the new minimum wage will initially apply to only big firms and government-linked companies.

The minimum wage was last revised on February 1, 2020, when it was increased from RM1,100 to RM1,200 during the tabling of Budget 2020. – Bernama, March 20, 2022.


Sign up or sign in here to comment.


Comments