MEF claims RM1.5k minimum wage will derail economic recovery

The Malaysian Employers Federation (MEF) reiterated that now is not the right time to increase the cost of doing business and the proposed RM1,500 new minimum wage implementation would derail the economic recovery.

President Syed Hussain Syed Husman (above) said the majority of Malaysian businesses are not ready and not in a position to implement the proposed new minimum wage as they are still reeling from the economic shock brought about by Covid-19 and the devastating impact of the recent major floods.

“More efforts should be directed towards business...