Anwar tables fifth Madani Budget, setting Malaysia’s 2027 spending direction
KUALA LUMPUR, Oct 9 — Prime Minister Datuk Seri Anwar Ibrahim began tabling the Supply Bill (Budget) 2027 in the D...
On October 9, 2026, Finance Minister Datuk Seri Anwar Ibrahim announced that the minimum wage in Malaysia will be raised from RM1,700 to RM2,000, beginning in June 2027. This move aims to address the disparity between productivity and workers' wages, as well as to counteract the impact of rising living costs on employees' incomes.
According to Anwar, workers' wages have not kept pace with the increase in prices, and employee compensation accounts for only 33.9% of Malaysia's gross domestic product (GDP). In an effort to provide SMEs with sufficient time to adapt to the new wage requirement, those with annual sales below RM50 million will be exempt from the new minimum wage regulation.
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