‘New base salary will derail economic recovery’


PETALING JAYA: The implementation of the proposed new RM1,500 minimum wage will increase the cost of doing business and derail economic recovery, says the Malaysian Employers Federation (MEF).

Its president Datuk Syed Hussain Syed Husman said the majority of Malaysian businesses, which were made up of micro, small and medium enterprises, was still reeling from the economic impact caused by Covid-19 and the recent floods.

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