[LIVE] PM Anwar set to table 2027 Budget at 3.30pm
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim is set to table the 2026 Budget in the Dewan Rakyat today.
![[LIVE] PM Anwar set to table 2027 Budget at 3.30pm](/img/13056336)
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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