New RM1,500 Minimum Wage To Be Enforced Starting 1 May

With the rising price of dwelling, Prime Minister Ismail Sabri Yaakob has introduced {that a} new minimal wage coverage will come into impact on 1 Might. The upcoming minimal wage might be raised to RM1,500 a month, with particulars to be finalised quickly.

Ismail mentioned the Human Sources Ministry and the Entrepreneur Improvement and Cooperatives Ministry might be holding discussions to establish small and micro companies that may’t afford to pay RM1,500. Whereas no particular circumstances have been revealed but, the Prime Minister mentioned that chosen small companies will have the ability to “delay” paying the brand new minimal. This means that they will even be subjected to the coverage ultimately.

This isn’t a significant shock seeing because the transfer has been teased for months. Simply final week, Human Sources Minister M. Saravanan revealed that the minimal wage enhance can be in place “quickly” as a substitute of the top of the yr. Nonetheless, not all events help the rise, such because the Malaysian Employers Federation (MEF) which claims that solely international staff within the nation profit from the elevate.

The minimal wage was first enforced in 2013 below Minimal Wages Order 2012, which was set at RM900. The Nationwide Wages Consultative Council is required to assessment the minimal wage each two years. The final time it was revised was in 2020, when it was hiked to RM1,200 in 56 cities and cities, however remained at RM1,100 all over the place else.

(Supply: UMNO On-line/Fb)