Trade and markets
 

Detail

Area
Malaysia
Commodity Group
Oilseeds, oils and meals
Commodity
Plantation crops
Date
18/09/2018
Policy Category
Other
Policy Instrument
Labour policy
Description
Announced a new minimum wage that will take effect nationwide on 1 January 2019.
Notes
The Malaysian Government announced that a new minimum wage of MYR 1 050 (USD 253) per month will take effect nationwide on 1 January 2019, adding that, over the next four years, pays are set to reach MYR 1 500 (USD 361). Currently, the minimum wage stands at MYR 1 000 in Peninsular Malaysia and MYR 920 in Sabah and Sarawak. According to industry sources, the new wage policy eased the concerns of employers in the labour-intensive plantation industry, as wages paid in the sector tend to exceed the newly stipulated level.