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Putrajaya: Malaysia will implement a minimum wage for the private sector of RM900 or RM4.33 an hour for peninsular and RM800 or RM3.85 an hour for Sarawak, Sabah and Labuan.
Prime Minister Datuk Seri Najib Razak said the minimum wage scale would cover all economic sectors except for domestic services such as maids and gardeners.
"Once the Minimum Wage Order is gazetted, employers have six months to implement it.
"However, for employers of micro enterprises, they are given 12 months to do so as we understand they will need more time to make necessary adjustments and also to ensure their businesses will not be affected," he said.
The 12-month extension, however, will not apply to professional firms such as clinics, dental clinics, law firms, architecture firms and consultation firms, although they only have five staff or less.
Najib believed the time given to make the transition would be ample for employers to restructure their workers' salary scales and their operations.
The policy will benefit some 3.2 million workers in small- and medium-enterprise sector who earn on average less than RM700 a month.
They represent 33 per cent of the workforce who live below the poverty line of RM763.
The prime minister said the government was aware of employees' demand to set the minimum wage higher between RM1,200 and RM1,500.
"But for a start and as what were proposed by the National Wages Consultative Council and based on World Bank's study, the minimum wage cannot be set too high.
"If it is set above RM900 (basic salary), the impact can be detrimental to the nation's economy, labour market and foreign investment into Malaysia.”
3 April 2013
WHEN it comes to scholarships in Malaysia, they generally fall into one of two categories: corporate or government, or collegebased. Corporate or government scholarships are often a student’s best bet to study overseas, as many of them cover not only tuition costs, but living, computer and travel expenses as well. At the same time, they encourage their scholars to pursue their degree overseas and those that are for SPM school-leavers cover pre-university programmes.
26 May 2013
SLUMP: The Western world has seemingly succumbed to a severe case of economic defeatism and is not trying to solve problems
MULTIRACIAL PARTY: The need to refresh the BN brand is seen to be more vital after the recent p ...
NO LAUGHING MATTER: Some signs at places of interest will move you to tears
FAILING TO SEE: It can run economically by ignoring things that are not needed, creating il ...
26 May 2013
BENAZIR Bhutto, Margaret Thatcher, Julia Gillard, Indira Gandhi, Aung San Suu Kyi. When I reflect upon these names, I see the superiority of women political leaders over the men.
1 February 2013
PUTRAJAYA: Working in a big, bustling city has its drawbacks - from the symphony of sounds with cars honking and drivers swearing, to the never ending traffic jams and zero parking.
26 May 2013
KELANTAN slammed in four late goals to remain on track to reach the FA Cup final after a 4-1 win over Terengganu in the semi-final first leg in Kota Baru while Darul Takzim edged Pahang 1-0 for a nervy win in Johor Baru yesterday.
26 May 2013
INDONESIA'S revival began immediately after their failure to win a medal in the London Olympics and it is now being spearheaded by Rexy Mainaky, a coach rejected by the BA of Malaysia (BAM).
25 May 2013
GEORGE TOWN: THE state government and local authorities are again facing questions about a 27-storey luxury suite project in Pulau Tikus from a non-governmental organisation here.
26 May 2013
In celebrating a bountiful rice harvest, the Kadazandusuns are unwavering in their ties to their rich heritage. Evangeline Majawat observes as they prepare for the Harvest Festival
21 December 2012
TOP PERFORMERS: Most Asian REIT markets achieved higher returns, lower risk and superior risk-adjusted performance than their respective stock markets, especially since the Global Financial Crisis (GFC), according to a recent report by the Asia Pacific Real Estate Association (APREA), which was authored by Professor Graeme Newell, University of Western Sydney.
24 May 2013
FOREX DILEMMA: When purchasing overseas property, make sure you pay the loan in the right currency denomination as exchange rate movements may affect your return on investment