Saturday, October 19, 2024

Budget 2025: RM1,700 minimum wage aims to uplift low-income workers and drive economic growth, says Steven Sim

 

                       Human Resources Minister Steven Sim Steven Sim Chee Keong said the minimum wage increase from RM1,500 to RM1,700 announced in Budget 2025 is part of the government’s efforts to ensure the welfare of workers, particularly those with low incomes, while prioritising the people and elevating their dignity. — Picture by Miera Zulyana


PUTRAJAYA, Oct 19 — The minimum wage increase from RM1,500 to RM1,700 announced in Budget 2025 is part of the government’s efforts to ensure the welfare of workers, particularly those with low incomes, while prioritising the people and elevating their dignity, says Human Resources Minister Steven Sim.

He said this initiative also offered employers the opportunity to benefit from the subsequent rise in consumer purchasing power.

“I am pleased to announce that this new rate was unanimously agreed upon by representatives of employers, workers, and the government in the National Wages Consultative Council (NWCC). The rate will be uniform across the country, regardless of region,” he said in a statement today.

Prime Minister Datuk Seri Anwar Ibrahim, when tabling Budget 2025, announced that the government had agreed to raise the minimum wage from RM1,500 per month to RM1,700 per month, effective Feb 1, 2025.

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