BFM Podcast

Unpacking Malaysia's Progressive Wage Policy: A Leap Towards Economic Revival?

Tan KW
Publish date: Mon, 14 Aug 2023, 03:27 PM
Unpacking Malaysia's Progressive Wage Policy: A Leap Towards Economic Revival?

14-Aug-23 12:00

Firdaos Rosli, Chief Economist, Bank Islam Malaysia

Today, we take a look into Malaysia's proposed progressive wage policy, a potential solution to stagnated salary growth and rising living costs. Prime Minister Anwar Ibrahim champions this voluntary, incentive-based system, aiming to rejuvenate the labour market.

We're joined by Firdaos Rosli, Chief Economist of Bank Islam Malaysia, to provide insights on the policy's implications, benefits, and challenges.

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