Bank Muamalat Malaysia Berhad chief economist Afzanizam Abdul Rashid said the decision to implement progressive wages would be commercially driven theSun theSundaily employers wages increase workers economy Malaysia
Yeah said the government may also create a conducive environment for the B40 and M40 groups to raise their income through upskilling so that they could earn progressive wages. – AFPPIX: Various factors determine wage increases in tandem with the rising cost of living, said Sunway University economics professor Dr Yeah Kim Leng.
“Malaysia’s inflation eased further in May this year with the consumer price index slowing to 2.8% from 3.3% in April. He added that this could be done through government initiatives, public-private partnerships, and the establishment of business incubators and accelerators. Bank Muamalat Malaysia Berhad chief economist Afzanizam Abdul Rashid said the decision to implement progressive wages would be commercially driven.
“So we are not just looking at employees’ salaries per se, but also the total package such as performance bonus, medical and insurance coverage.”
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