MalayMail-Oct 25
While tabling Budget 2025, Prime Minister Datuk Seri Anwar Ibrahim announced that the minimum monthly wage in Malaysia will be increased to RM1,700. This was not the first time that Malaysia has mandated, and increased its minimum wage through a Minimum Wage Order, which was first issued in 2013. The Minimum Wage Order was introduced following the enactment of the National Wages Consultative Council Act 2011, which established a council — the NWCC — to advise the federal government on the matter. Last week following the announcement, Human Resources Minister Steven Sim said this is a part of a mechanism to cater for the welfare of workers, particularly low-income earners, and will be uniform across the country. Sim said this move will ensure the welfare of workers, particularly those with low incomes, while prioritizing the public and elevating their dignity.He also said that this new rate was unanimously agreed upon by representatives of employers, workers, and the government in the NWCC. How does this compare with other countries?
With this raise, Malaysia’s minimum wage is the highest among its regional neighbors. However, it is still low in value compared to developed economies in East Asia. It should be noted that not all countries in Southeast Asia mandate a minimum wage. Singapore, for example, does not have one. Read more at: https://www.malaymail.com/news/malaysia/2024/10/25/fair-earnings-where-does-malaysias-minimum-wage-of-rm1700-stand-in-comparison-to-other-countries/154608
