Wage reform concerns


FMM's Soh emphasised the need for clear long-term policies.

PETALING JAYA: As Malaysia grapples with economic strains and a complex tax landscape, concerns are mounting within the business community over proposed wage reforms.

National Chamber of Commerce and Industry of Malaysia president Tan Sri Soh Thian Lai expressed concern that implementing both a minimum wage policy and a progressive wage model (PWM) could impose additional burdens on business owners, especially when coupled with the strain of multiple taxes on businesses.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Watts from water
Singapore’s financial sector a big winner
Up in Arms - or up the value chain?
Asia bonds for diversification
Smart city can’t beat the traffic
Powering a new reinvestment cycle as demand surges
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read