New minimum wage should be rolled out progressively, says Bank Negara governor

Published on 30 Mar 2022 2:55:55 PM

The minimum wage increase to RM1,500 effective May 1 should be done progressively to prevent disruptions to the country’s economy, said Tan Sri Nor Shamsiah Mohd Yunus.

The Bank Negara Malaysia governor said that at a virtual press conference to publish its 2021 Annual Report on Wednesday (March 30), added that the implementation of the policy must take into account the uneven recovery across industries from the Covid-19 pandemic, as well as increasing global uncertainties due to the geopolitical tensions between Ukraine and Russia.