minimum wage

Any decision will probably be announced when PM winds up the debate on the budget for the Ministry of Finance later, says Fahmi Fadzil.

The government is called upon to provide suitable incentives for businesses, particularly micro, small, and medium enterprises.

Steven Sim says the increase in the minimum wage is intended as a basic wage for workers with lower academic qualifications and skills.

The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.

Key factors in determining the minimum wage include the poverty line income, productivity growth, and the consumer price index.

A recent report showed 10 percent of formal workers receiving wages below the minimum rate of RM1,500 per month.

Turkiye decided to ramp up the monthly minimum wage by 49 per cent to 17,002 Turkish liras (US$578.4) starting the first day of 2024.

Thailand will increase its minimum wage in January, confirming a previous deal while planning to raise it further in March.

The minimum wage is for unskilled workers, not skilled workers, said Economy Ministry Rafizi Ramli.

The enforcement of the RM1,500 minimum wage for employers with fewer than five workers took effect on July 1 this year.

Employees voiced out their pressing concerns about the rising cost of living and labour shortage.

PM Anwar Ibrahim said the minimum wage is still difficult to implement and its implementation is also a bit chaotic.

The starting monthly salary under this MoU cannot be less than the minimum wage currently in force in Malaysia which is RM1,500, KSM said.

The implementation of the Minimum Wage Order (PMG) for employers with less than five workers has been postponed again from Jan 1 to July 1, 2023.

South Korean truckers voted to end their strike today as it entered a third week with public support waning and the govt refusing to budge.