Minimum Wage In Malaysia 2016

Minimum wage in malaysia 2020 september.

Minimum wage in malaysia 2016. In malaysia minimum wage refers to lowest gross wage per month and it does not apply to apprentices and domestic servants. As per the guidelines for the minimum wages order 2012 the minimum wage rate are based on calculations of total working hours of a maximum of 48 hours a week. The minimum wage order 2016 was gazetted on 29 april 2016 in accordance with subsection 23 1 of the national wages consultative council act 2011. Malaysia s yearly minimum wage is 4 735 00 in international currency.

How does malaysia s minimum wage compare to the minimum wage in other countries. As of july 1 the new minimum wage rate will come into effect. International currency is a measure of currency based on the value of the united states dollar in 2009. Come july the minimum wage will be raised to rm1 000 for workers in peninsular malaysia and rm920 for those in sabah sarawak and labuan as announced in budget 2016.

A minimum wage policy is always resisted by employers and it is no different in this country. The introduction of minimum wage had actually helped malaysia to address the incidence of relative poverty as statistics shows that in 2014 the figure dropped to 15 6 from 19 2 in 2012. It took quite some time before employers would meet their obligation when a minimum wage was introduced. Since first implementing a minimum wage in january of 2013 the malaysian government further increased minimum wage payments to workers as of july 1 2016.

Kuala lumpur nov 2 after workers protested against the minimum wage quantum set at rm1 050 monthly the government today raised it to rm1 100 starting january 1 next year. In peninsular malaysia a hike of rm100 takes it to rm1 000 or rm4 81 per hour. Malaysia s minimum wage was last changed in 1 jul 2016. The minimum wage was was announced in october 2010 and introduced in january 2013 as one of the government s policy instruments vide new economic model nem to ensure inclusiveness by transforming the economy from a middle income to a high income economy by the year 2020.

Come july the minimum wage will be raised to rm1 000 s 342 for workers in peninsular malaysia and rm920 for those in sabah sarawak and labuan as announced in budget 2016.