Current minimum wage can be revised in stages


MALAYSIA’s current monthly minimum wage of RM1,200 can be revised upwards as the government has the capacity to accommodate the increment, said former Minister in the Prime Minister’s Department, Tan Sri Abdul Wahid Omar.

Abdul Wahid, who is also the chairman of Bursa Malaysia Bhd believes what is important is for the government to set a long-term or medium-term target so that businesses will have ample notice to plan accordingly.

“This would also encourage them to enhance automation and improve their processes, subsequently creating more high-value jobs for local workers.

“It is important for all employers to ensure that their employees are sufficiently remunerated and are provided with good facilities, as well as a safe and conducive working environment,” he told a virtual press conference on the sidelines of the virtual 2021 APAC Summit today.

The minimum wage was last revised on February 1, 2020, with a RM100 hike. The planned increase was part of the government’s 2020 budget and part of the drive to modernize the country’s workforce.