GUA MUSANG: The recent salary adjustment for civil servants aligns with the Human Resources Ministry's initiative to strengthen and reform the private labour market, aiming for progressive wage increases that match national productivity.
Deputy Minister Datuk Seri Abdul Rahman Mohamad (pic) said the salary hike complements the National Progressive Wage Policy, alongside the Minimum Wage Policy and the Productivity Linked-Wage System (PLWS).
"This will enhance national productivity and help achieve a more balanced income distribution. The private sector is expected to follow suit, as over 1,000 employers have responded positively to similar initiatives," he told reporters at Kampung Jeram Tekoh here.
On Friday (Aug 16),Prime Minister Datuk Seri Anwar Ibrahim announced a 15% salary adjustment for civil servants in the implementing, management and professional groups and 7 per cent to those in top management.
The adjustment will be implemented in phases, starting from Dec 1, 2024 for Phase 1, and from Jan 1, 2026 for Phase 2. - Bernama
https://www.thestar.com.my/news/nation/2024/08/17/civil-servants-pay-hike-to-drive-wage-reforms-says-hr-ministry
Created by savemalaysia | Aug 17, 2024
Created by savemalaysia | Aug 17, 2024
Created by savemalaysia | Aug 17, 2024
Created by savemalaysia | Aug 17, 2024
Created by savemalaysia | Aug 17, 2024
Created by savemalaysia | Aug 17, 2024
Created by savemalaysia | Aug 17, 2024
Did government leaders know why many big business from Malaysia are actually moving their business out of Malaysia.
Our Government actually treat foreign investment better than our own business owned by non-bumiputra when it come to business expansion.
1 hour ago
Insas already sold 100 million M&A shares at below market price to Bumiputra investor and now still need time extension to comply with the Bumiputera Equity Condition.
Description M & A EQUITY HOLDINGS BERHAD ("MAEH" OR "COMPANY")
(I) DISPOSALS;
(II) SPECIAL DIVIDEND AND/OR CAPITAL REPAYMENT;
(III) ACQUISITION;
(IV) RIGHTS ISSUE;
(V)RESTRICTED ISSUE;
(VI) EXEMPTION; AND
(VII) CHANGE OF NAME
(COLLECTIVELY, THE "PROPOSALS")
(Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcement dated 15 May 2024 (“Announcement”).)
We refer to the Announcement in relation to the proposals to comply with the Bumiputera Equity Condition.
On behalf of the Board, Malacca Securities is pleased to announce that the SC had, vide its letter dated 24 July 2024, resolved to grant the Company an extension of time until 30 September 2024 to comply with the Bumiputera Equity Condition. The Bumiputera Equity Condition was imposed pursuant to the Proposals, as contained in the SC’s decision letter dated 14 December 2022.
This announcement is dated 24 July 2024.
59 minutes ago
ks55
That is the easiest way to come out from Middle Income Trap. Everyone get higher salary, everything increase in price, GDP shoots through 10% growth rate, GDP per capita go up to USD 20k. Everyone is happy. Property developers with large land bank lagi happy. Can sell houses for higher price. Bank also very happy. Can loan out more to the same person when his pay becoming higher. Car dealers are happy. They can sell more cars now.
1 hour ago