SUBSCRIBE: Newsletter

Human Resources

Toggle

Article

Malaysia Flag

Tun Mahathir: What to expect for Malaysia’s workforce in the next 100 days



Uncover and learn about complex HR innovation tools and strategies at Accelerate HR from Thailand's largest employers including Agoda, DKSH, Fonterra, FWD, Kasikornbank, Minor Food, Nissan Motor and more.
Happening in Bangkok on 26-27 November, group discounts when you bring your team.

Ministers in Malaysia’s new government began their first day at work today (22 May), having promised a slew of economic and financial reforms in the lead up to the election win – as reported in The Straits Times.

According to the report, prime minister Tun Dr. Mahathir Mohamad’s government has vowed to fulfil some of those promises in its first 100 days. When it comes to the workforce in Malaysia, some of the key reforms include:

  • Introducing the Employee Provident Fund (EPF) contribution schemes for housewives.
  • Equalising the minimum wage to RM1,500 ($505.61) a month for the whole country, and to review the rate every two years. To reduce cost pressure on employers, the government will bear half the cost of raising salaries.
  • Introducing a healthcare scheme which allocates RM 500 a year for the low income group to receive basic healthcare in registered private clinics.
  • Reviewing the tax systems to make income and corporate tax rates competitive compared with other Asean countries. Tax rates for companies, small businesses and part-time workers will also be reviewed.
  • Reducing the number of foreign workers from six million to four million; will validate the status of United Nations High Commissioner for Refugees (UNHCR) card holders as refugees to allow them to work in Malaysia and reduce the country’s dependency on foreign workers.

In a separate report by Bernama, deputy prime minister Datuk Seri Dr Wan Azizah Wan Ismail said the government will be setting up a task force to implement Pakatan Harapan’s (PH) election manifesto promises that are to be delivered within 100 days. Speaking at a press conference, she said: “The welfare of senior citizens and EPF contribution for housewives also heads the list of priorities.”

Photo / 123RF

HR Vendors of the Year Awards is back again for its 5th year with a fascinating gala night to celebrate the best HR vendors in Hong Kong. Winning is both an affirmation of the exceptional quality of your work in the industry and among peers. Enter Awards now
Contact us now for more details.

Read More News

Trending