minimum wage malaysia
This is not the time to implement any increase in minimum wage. As it came into force two different sets of minimum wage rates have been applied in Malaysia.
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KUALA LUMPUR Feb 22.
. Prior to this Aeon raised the minimum wage from RM1100 to RM1200 per month on 1 February 2020 during the presentation of the 2020 Budget. The government is in the process of reviewing and revising the minimum wage rate for employees in accordance with the National Wages Consultative Council Act 2011 Act 732 said Human Resources Minister Datuk Seri M SaravananCurrently the minimum wage for employees in areas under city halls and municipal. The RM1500 minimum wage will push up the cost of goods and services and operation costs will definitely increase.
Not everyone agreed to raise the minimum wage. Aeon Co M Bhd has announced the implementation of minimum wage hike for its Grade G employees from RM1200 to RM1500 per month effective from January 1. Employers should take note that the new minimum wage only applies to the following 16 City Council and 40 Municipal Council areas.
Previously Human Resources Minister Datuk Seri M Saravanan said the minimum wage should be raised to RM1500 as soon as possible before the year ends. This table provides a summary comparision of international minimum wage rates with a calculated yearly minimum wage rate for each country in International Dollars a measure of currency based on the United States dollar in 2009. The Minimum Wages Order 2020 2020 Order was gazetted on 10 January 2020 and came into operation on 1 February 2020.
The RM1500 minimum wage would mostly go to foreign labour as the locals are already paid higher wages than this and the outflow of money will further increase.
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