Monday, April 30, 2012

Malaysia introduces minimum wage for the first time

Worker in a Malaysian factory

Malaysia has introduced a minimum wage for the first time in a move to support low income households and amid speculation that the government may call elections soon.

Private sector workers in peninsula Malaysia will receive a minimum salary of 900 ringgit ($297; £183) a month.

Workers in the states of Sabah and Sarawak will get 800 ringgit.

Malaysia, South East Asia's third-largest economy, has set a target to achieve rich nation status by 2020.

"The introduction of the minimum wage is a historic moment for Malaysia," said Prime Minister Najib Razak.

"The lowest-paid will now be guaranteed an income that lifts them out of poverty and helps ensure that they can meet the rising cost of living."



Source & Image : BBC

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