New minimum wage of RM1,500 a month from May 1 — PM
KUALA LUMPUR (March 19): The government has increased the minimum wage to RM1,500 per month and it will be implemented nationwide for certain companies effective May 1, according to Prime Minister Datuk Seri Ismail Sabri Yaakob.
The prime minister said the new minimum wage would initially apply to big companies and government-linked companies.
“For micro companies with few workers and low income, the human resources minister (Datuk Seri M Saravanan) will discuss with Tan Sri Noh Omar (the entrepreneur development and cooperatives minister) to seek a postponement [of enforcement] for these small firms,” said Ismail Sabri, who is an Umno vice-president.
Ismail Sabri announced this when winding up the debate at the Umno general assembly 2021 here on Saturday (March 19).
The minimum wage was last revised on Feb 1, 2020. It was increased by RM100 to RM1,200 during the tabling of Budget 2020.
In the same session, Ismail Sabri also announced that proposed amendments to the Prevention and Control of Infectious Diseases Act 1988 (Act 342) would no longer be tabled in Parliament.
After considering the views of Umno's supreme council, it was decided that the compound rates in the Act would be maintained, he said.
“[Under] Act 342 on control of infectious diseases, the [proposed] RM10,000 fine for individuals breaching the SOPs (standard operating procedures) and RM50,000 for companies will not be brought to Parliament. The old Act will stay, with the fine maintained at RM1,000,” said Ismail Sabri.
The bill to amend Act 342 was tabled for first reading by Health Minister Khairy Jamaluddin in December last year to, among others, increase the compound for violation of the SOPs from RM1,000 to RM10,000 for individuals and to RM50,000 for companies.
The bill was due to be tabled for second reading at the current Dewan Rakyat sitting, which ends on March 24.
Ismail Sabri also stressed the protection given to women, including in alimony cases they won in court.
“We have decided that banks would freeze the accounts of former husbands who did not pay alimony. After the ruling has been obtained, the bank will make a direct deduction from the ex-husband's account. If the rate is RM1,000, for example, the bank will deduct it directly and pay to the former wife,” he said.
He said recently widowed women would be allowed to work from home during edah (the waiting period of four months and 10 days) and employers cannot force them to work from the office during that period.
On another note, the prime minister also reiterated that the government would always stand firm in upholding and defending the country's sovereignty and Sabah's position in Malaysia.
“We will file applications in court in Paris, France to set aside whatever claims made by the Sulu Sultan,” he said.
“As a party which fought for independence, Umno will never pawn the country's sovereignty to those who are daydreaming,” he added.
http://www.theedgemarkets.com/article/new-minimum-wage-rm1500-month-may-1-%E2%80%94-pm
Singapore Investment
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
SingTel – Healthy core business1 day ago
-
-
-
Retire in Japan: The Complete Guide2 days ago
-
-
-
-
-
-
-
-
-
-
-
-
-
Finance Investment Movement 453 days ago
-
-
-
-
-
-
-
-
Quick Update6 days ago
-
Would you rather…6 days ago
-
-
-
Market Weekly Outlook1 week ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Post-BTO Sales Liquidity1 week ago
-
-
Monthly IBKR Update – Apr 20241 week ago
-
-
-
-
-
-
China’s going downhill?2 weeks ago
-
-
No new investment for retirees2 weeks ago
-
-
The Story Behind Maybank2 weeks ago
-
Mar 2024 Portfolio2 weeks ago
-
-
-
Portfolio Summary for April 20242 weeks ago
-
Portfolio (April 30, 2024)2 weeks ago
-
Summary of April 20242 weeks ago
-
Portfolio -- Apr 20242 weeks ago
-
-
-
-
-
That Restless Night…3 weeks ago
-
-
-
-
-
-
-
-
-
-
-
-
-
2024 (Portfolio Update)1 month ago
-
-
1Q 2024 Investment Strategy Update1 month ago
-
-
-
Burnt out!1 month ago
-
-
Feb 2024 Expenditure1 month ago
-
-
New Bitcoin All Time High Before Halving2 months ago
-
-
-
-
-
-
The Market Is A Scam!2 months ago
-
-
-
-
-
Options Trading Journal Jan 20243 months ago
-
-
-
-
-
End of 2023 Review4 months ago
-
-
Year 2023 DIYQuant Portfolio Performance Report4 months ago
-
Monthly Summary of November 20235 months ago
-
3 Simple Poker Strategies for Beginners5 months ago
-
Migration of website5 months ago
-
-
-
-
-
-
-
-
-
August 2023 Portfolio Updates8 months ago
-
-
-
-
Hello SP Group, I'm Back!10 months ago
-
-
-
-
A New Light1 year ago
-
-
-
-
-
-
-
Demoralized1 year ago
-
2022 Thoughts, Hello 2023!1 year ago
-
Series of Defaults for Maple Finance1 year ago
-
Takeaways from “Sea Change”1 year ago
-
-
Greed is Coming Back1 year ago
-
-
-
-
-
-
-
-
-
-
-
What is Overemployment1 year ago
-
-
-
-
-
-
-
-
-
-
-