Malaysian Deputy Prime Minister said that the government had reached an agreement with the private sector on the need for a minimum wage policy. Based on a certain website, it was rumored that the Cabinet had agreed to set a minimum wage of below RM1,000 for the 3.2million workers in the private sector, with a RM100 difference between states in the peninsula and East Malaysia.
The opposition has however said that the minimum wage should be set higher at between RM1,000 and RM1,200. The Democratic Action Party's (DAP) Charles Santiago said, "A higher increase in minimum wage will increase productivity and innovation."
I am not sure how a higher minimum wage increases productivity and innovation. Anyone has any idea?
-
Civil servants or public officers in Singapore are expected to declare their financial standing when they first join and every year thereaft...
-
Trying to compile the salary pay scale for the Singapore civil service. Somehow, I only managed to find the figures for 2011. There are p...
-
In my previous article , I compared an endowment plan with an ILP. Many might think that an ILP is a silly way to save for my child's ed...
-
Not too long ago, I wrote a post about how much to give for Chinese wedding dinners. It was pretty well received so I thought a good fo... -
Many young graduates who are seriously considering joining the civil service are likely curious to find out what is the starting pay or sala...
-
Everybody loves free stuff. So as part of the Christmas Celebrations, I am giving away MONEY! ANYONE can earn it. Just leave a comment on th...
-
“We are more than that; we are in the business of creating time.” - Tay Liam Wee Mr Tay Liam Wee has an estimated networth of around S$135m.... -
Here are some frequently asked questions about sgfinancialfreedom: Q: How do you compute your networth? A: I compute my networth by adding m...
-
A frequent question that is often asked by many people is this: "How much to give in terms of money for a Chinese wedding?" For th... -
Amazon is celebrating Prime members with a multitude of deals during Prime Day. The event will offer more deals than ever before, with new d...
“The Government guarantees that it will continue to listen to the biggest trade union and employers' federation before making any decision on issues of minimum wage.
ReplyDelete“There is no hidden agenda by the Government. We take this step to ensure workers will get the wages they deserve,” said Subramaniam, pointing out that having a minimum wage had benefitted socio-economic development in the United States, China, Taiwan and other countries
Malaysian Deputy Prime Minister said that the government had reached an agreement with the private sector on the need for a minimum wage policy. Based on a certain website, it was rumored that the Cabinet had agreed to set a minimum wage of below RM1,000 for the 3.2million workers in the private sector, with a RM100 difference between states in the peninsula and East Malaysia.
ReplyDelete