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

Cypark fully redeems Tranche 1 perpetual sukuk musharakah worth RM235mil
Pharmora raises Apex Healthcare stake to 94.94% in takeover offer
Genting Vista issues RM3bil unrated medium-term notes
Ringgit ends firmer vs US$, major currencies
Late buying lifts Bursa Malaysia's key index to close firmer
HeiTech Padu to supply ICT equipment to Hospital Miri for RM17.62mil
TT Vision unit bags contracts valued at combined RM7.11mil
Shareholders approve all resolutions at Propel Global EGM
Economist Madeline Berma passes away
Gold bounces from two-week low as thin trade sparks volatile moves

Others Also Read