Budget 2025: Minimum wage to go up to RM1,700

According to Datuk Seri Anwar Ibrahim, the government has decided to raise the minimum salary from the existing level of RM1,500 to RM1,700, effective February 1, 2025.

The Prime Minister also announced that companies with fewer than five employees will have a six-month delay, until August 1, 2025, when he presented the Budget 2025 to the Dewan Rakyat on Friday.

The Human Resources Ministry will also release a set of standards for the starting salaries of mechanical engineers (RM3,380), industrial and production technicians (RM2,290), and professional creative content designers (RM2,985), according to Anwar, who is also the Finance Minister.

He added that after the Progressive Wage Policy pilot program in June. It will be fully implemented the following year with an RM200 million budget that will help 50,000 people.

To combat extreme poverty, Anwar said that RM250 million would be given to the People’s Income Initiative (IPR).

“Next year, RM250mil will be allocated to increase the participation of more individuals from the extreme poor group in the IPR programme to enhance their income,” he said.

He added that Skim Perlindungan Tenang will keep working with Bank Negara and the takaful and insurance sectors to help the two million Sumbangan Tunai Rahmah beneficiaries.

A RM30 voucher can be used by those who qualify to partially pay for Perlindungan Tenang goods. It cover general risks including fire and floods, personal accidents, and death.

READ MORE:

Violating minimum wage, employers compounded over RM260,000

Workers to march for living wage on Labor Day

Thousands protest for workers’ rights on Labor Day

---

Don’t Miss the MyCareerFair at KLCC – October 26 & 27, 2024!

Looking for your next career opportunity? Bring your resumes and join us at the MyCareerFair at Kuala Lumpur Convention Centre (KLCC) to meet hiring managers from top companies actively recruiting at the event!

 Event Dates: October 26 & 27, 2024

 Time: 10:00 AM – 6:00 PM

 Location: Hall 1-2, Kuala Lumpur Convention Centre (KLCC)

Entry is FREE, so don’t wait! Download the Jobstore app now to pre-register and secure your spot. This is your chance to apply for jobs and network with employers face-to-face. See you there!