RM2,000 minimum wage, new income framework to boost workers' earnings
KUALA LUMPUR: More than four million workers are expected to benefit from a 17.6 per cent increase in the minimum wage to RM2,000 a month from June 2027, Human Resources Minister Datuk Seri R. Ramanan said.
The Malaysian government plans to increase the minimum wage to RM2,000 per month by June 2027, a 17.6% rise from the current RM1,700. This move is part of Budget 2027's efforts to boost workers' earnings, strengthen social protection, and develop a more skilled workforce. Micro, small, and medium enterprises with annual sales below RM50 million will be exempted from the increase.
Additionally, a new income framework will set a minimum wage of RM2,500 a month for semi-skilled workers and graduates, aiming to reward them more fairly as they build their careers. The government also announced a RM160 million joint financing package for gig workers, including e-hailing drivers and p-hailing riders, and a 70% incentive for self-employed people in 17 sectors.
Furthermore, RM8 billion has been allocated for technical and vocational education and training to prepare Malaysians for future jobs.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
