KUALA LUMPUR: The Cabinet has agreed to increase the minimum wage to RM1,500 effective May 1 2022.
Prime Minister Datuk Seri Ismail Sabri Yaakob said the implementation of the policy for now would only involve private sector companies with a minimum of five workers.
In his winding up speech at the 2021 Umno general assembly here today, Ismail Sabri said the government was aware of the increase in the cost of living that affects the people especially those in the B40 category.
“There, I would like to announce that the minimum wage of RM1,500 a month will begin on May 1 nationwide,” he said.
Ismail Sabri added that discussions will be held between the Human Resources Ministry and the Entrepreneur Development and Cooperative Ministry to allow small and micro companies to postpone the implementation of the minimum wage since they may not have the financial ability to adopt the policy.