THE government is sourcing funds to cover some of the salary adjustments for private sector workers, said Prime Minister Anwar Ibrahim today.

“For example, factories make billions of ringgit in profits but salaries have yet to reach the minimum wage. Our move is to find new methods and mechanisms to ensure workers’ salaries are increased,” he said.

Anwar said this during a meeting with entrepreneurs at Dewan Konvensyen Taman Tamadun Islam in Kuala Terengganu today.

As for public sector workers’ salary adjustment, Anwar said he will announce the new wage rate either in Budget 2024 or early next year, while more specific allocations for entrepreneurs will be announced with the budget.

Also present at the event was Entrepreneur Development and Cooperatives Minister Ewon Benedick. – Bernama, August 10, 2023.