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KUALA LUMPUR, July 28 (Bernama) -- Bank Negara Malaysia (BNM) sees the country’s wage growth has lagged productivity growth and believes there is a need to review its wage-setting system, particularly how adjustments to the minimum wage translate into wages at higher levels.
PUTRAJAYA, July 28 (Bernama) -- Malaysia’s immediate priority right now is to raise people’s incomes and address the country’s structural wage issue before broadening the tax base, Economy Minister Akmal Nasrullah Mohd Nasir said.
By Rosemarie Khoo Mohd Sani
KUALA LUMPUR, June 30 (Bernama) -- Malaysia has crossed another important economic milestone, with nominal gross domestic product (GDP) per capita surpassing the US$15,000 (US$1 = RM4.06) mark in 2026, according to the International Monetary Fund (IMF).
GEORGE TOWN, June 18 (Bernama) -- Malaysia can no longer rely on low prices as a competitive advantage, as the low-cost business model also limits the ability of small and medium enterprises (SMEs) to offer higher wages, said Entrepreneur Development and Cooperatives Minister Steven Sim Chee Keong.
