11th October 2019 - 1 min read
The Government has revealed that it plans to review the Employment Act 1955, as a measure to remain relevant to the current needs of the labour market.
As the workforce evolves, the Government believes it should also modernise the local labour market and enhance the employment conditions of workers in the country. As such, it has announced plans to review the Employment Act 1955 on the following:
In addition to the review, the Government is also looking to increase the minimum wage in major cities around the country to RM1,200 per month, effective 2020, to counter the higher cost of living in those areas. This comes a year after it announced a minimum wage of RM1,100 applicable nationwide in Budget 2019.
Subscribe to our exclusive weekly newsletter and we’ll bring you the week’s highlights of financial news, expert tips, guides, and the latest credit card and e-wallet deals.
Stay tuned for what’s to come next in the personal finance world