14th March 2022 - 2 min read
Prime Minister Datuk Seri Ismail Sabri Yaakob has called on all companies in the private sector to pay a minimum monthly salary of RM1,500 to their employees.
“Realising the challenges faced with the increasing cost of living, the government has ensured all public servants receive a salary and allowance amounting to at least RM1,500 monthly. Similarly, we urge companies in the private sector to do the same as a means to help especially those from low-income groups,” said Datuk Seri Ismail Sabri.
Aside from the private sector, the prime minister also urged both government linked companies (GLCs) and government-linked investment companies (GLICs) to do the same for their permanent staff. Other corporate entities, too, should strive towards a similar goal, he further said during the launch of the GLC Open Day 2022.
The current minimum wage was set at RM1,200 per month for cities and towns across the country since 1 February 2020, while rural areas had a slightly lower rate of RM1,100 per month.
In addition to the matter of minimum wage, Datuk Seri Ismail Sabri also took the opportunity to encourage listed GLCs to achieve specific goals that align with announcements made during Budget 2022 and the 12th Malaysia Plan. These include ensuring at least 30% women participation in a GLC’s board of directors, and implementing medium-term goals to help Malaysia become a carbon-neutral nation by 2050.
(Source: The Star)
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