Minimum Wage In Malaysia 2016
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.
Minimum wage in malaysia 2016. Malaysia s minimum wage was last changed in 1 jul 2016. 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. How does malaysia s minimum wage compare to the minimum wage in other countries.
International currency is a measure of currency based on the value of the united states dollar in 2009. Minimum wage in malaysia was raised to reduce dependence on foreigners while the government has given sufficient time to factory operators to reduce the number of foreign workers it seems their numbers had instead increased. This is part of the government s new economic model which aims to make malaysia a high income economy by 2020.
A minimum wage of rm1 000 a month or rm4 81 per hour has been set for private sector workers in peninsular malaysia and rm920 a month or rm4 42 per hour for workers in sabah sarawak and federal territory of labuan effective 1 july 2016. 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.
