Business

RM1,500 min wage could be approved in month or two: Saravanan

HR minister agrees with Datuk Seri Anwar Ibrahim that study must be done on gig economy

Updated 4 years ago · Published on 17 Mar 2022 2:36PM

RM1,500 min wage could be approved in month or two: Saravanan
Human Resources Minister Datuk Seri M. Saravanan says the government is aware of the fact that the minimum wage needed to be reviewed every two years, but notes that the matter still needs to be studied rationally, given the job demand situation in the gig economy sector at the moment. – Bernama pic, March 17, 2022

by Ian McIntyre

KUALA LUMPUR – The implementation of the RM1,500 minimum wage could be approved in a month or two, Human Resources Minister Datuk Seri M. Saravanan (Tapah-BN) told the Dewan Rakyat today.

He added that he will be providing an update on the matter next month after being questioned by opposition leader Datuk Seri Anwar Ibrahim (Port Dickson-PH) over its implementation timeline.

Meanwhile, the minister agreed with Anwar that a study must be carried out on the gig economy as it is popular among the youth.

Saravanan said this could be because jobs in the gig economy are paying more than the current RM1,200 minimum wage.

Earlier, Anwar said the country’s unemployment rate is distorted as the ministry did not include contract workers, part-timers and those employable under the gig economy.

He added that the ministry needs to provide comprehensive data to reflect the employment situation in the country.

Three days ago, Saravanan told the lower house that the government would implement a new minimum wage rate of RM1,500 in the near future, not at the end of this year.

“The government is actually ready to announce, but we are still looking into some things, because we do not want other employers to take the opportunity to try and reduce employees,” he said during Ministers’ Question Time.

Saravanan said the government is aware of the fact that the minimum wage needed to be reviewed every two years, but noted that the matter still needs to be studied rationally, given the job demand situation in the gig economy sector at the moment.

Last February, Saravanan was reported to have said that workers in the country were expected to enjoy the new minimum wage of around RM1,500 a month before the end of this year.

The last time the minimum wage was raised was on February 1, 2020, with an increase of RM100 from RM1,100 to RM1,200 per month, during the presentation of the 2020 Budget. – The Vibes, March 17, 2022

Related News

Malaysia / 1mth

MIC still remains a core BN party, says Ahmad Zahid

Opinion / 2mth

The hidden unemployment no one talks about

Malaysia / 2mth

If MIC remains silent, it is deemed they rejected our offer – PN sec-gen

Malaysia / 3mth

Google investment expected to generate US$3.2 billion, 26,500 jobs

Malaysia / 4mth

MIC welcomes PPP back into the BN coalition

Events / 4mth

BolehJe officially launched, new platform empowers gig opportunities and youth income

Spotlight

Business

Tycoon Vincent Tan trims BCorp stake further in RM115m share sale

Malaysia

UMNO’s solo gamble in Johor: A show of strength or risky miscalculation?

By The Vibes Says

Malaysia

Nik Aziz’s grandson allegedly slapped by senator: Father ready to take case to court

Malaysia

Lorry driver jailed a day, fined for making obscene gestures, dangerous driving (video)

Malaysia

PKR leader defends MyKhas access suspension for PJ, Subang MPs, cites ‘political choices’

Opinion

Social media set to dominate Johor polls as election kingmaker

Malaysia

Man charged in Butterworth parang attack case that left victim fearing permanent disability

Malaysia

Teen mothers must return to school, says Fadhlina as education remains priority

Malaysia

Penang water tariffs to increase from July 1 after year-long deferment

You may be interested

Business

SpaceX targets historic US$75 billion IPO in record-breaking market debut plan

Business

Tengku Zafrul defends DC investments, says economic value goes far beyond job creation

Business

SC tightens oversight of investment-linked trust structures, requires licensing beyond incidental activity

Business

Private capital set to power AI data centre boom as global tech capex forecast raised to US$5.3 trillion

Business

Tycoon Vincent Tan trims BCorp stake further in RM115m share sale

Business

Ringgit gains as US trade policy concerns offset strong American economic data

Business

Ringgit eases against US dollar as strong American data and Gulf tensions boost greenback

Business

Time for banks to step up and do their part, stresses former finance minister

By Ian McIntyre