RM1,500 minimum wage from May 1, GE15 to be discussed: PM


THE government will implement RM 1,500 minimum wage starting May 1 nationwide, says Prime Minister Datuk Seri Ismail Sabri Yaakob .

In his winding up speech at Umno general assembly today, Ismail Sabri, who is also the party’s vice president said the implementation of this minimum wage only involves private sector employers with five or more employees.

“The cost of living is rising. This will put pressure on the B40 group. I listened to the debates brought up by the delegates and the grievances of the people out there. Therefore, today I would like to announce in this sacred hall, the government has approved the implementation of a new minimum wage rate of RM1,500 per month from May 1, 2022 nationwide.

“The impact study has been carried out in depth this decision was made including its impact on small-medium enterprises,” said Ismail Sabri.

Read more:Fresh graduates worst hit as minimum wage debate continues

Apart from that, he said Bantuan Keluarga Malaysia (BKM) to benefit more people, especially almost 9 million recipients with financial implications amounting to RM8.2 billion at the end of this month.

“The Covid-19 pandemic made us realise that the nation’s Social Safety Net has been in trouble for so long. ` A total of 4.4 million or 54 per cent of Bumiputera EPF contributors now have savings of less than RM10,000. In fact, another 2.6 million or 25 percent have less than RM1,000 or almost empty savings,” he said, adding that the EPF withdrawal is one of Umno’s struggles to help alleviate people’s burden.

Read more: EPF withdrawal only for members below age 55, payment from April 20

On the proposed dissolution of the parliament to make way for the 15th General Election, the Bera MP said that the decision will be discussed with the party’s “Top Five” leaders.

“This will also be discussed with the MKT and the cabinet before being presented to the Yang di-Pertuan Agong for His Majesty’s approval.,” said Ismail Sabri.

Read more: PM not expected to call for GE15 soon