I3! Employers can continue to pay RM30 to bangla! 1.5k minimum wage only applies to malaysians! Anyway, before you mock banglas, they are now world biggest producer of branded goods! Yeah, that expensive Gucci bag that your wifey want you to buy, made by banglas!
DHAKA, Jan. 26 (Xinhua) -- Bangladesh's foreign exchange reserves reached over 46 billion U.S. dollars by the end of December 2021 despite the COVID-19 pandemic, the latest central bank data showed.26 Jan 2022
Our USD reserves keep flowing out due to millions of bangla, indon bring back to hometown....sooner, bangla will have more USD reserves beating us.....
Collect loh....people are cheering for min pay increase by 25% to Rm 1500....but the chief beneficiary are foreigners loh!
The cost is be prepare to pay 10% for everything we buy for this silly policy loh!
U see....if u want to help the B40....u can target the area that can help them...like increase the min employer EPF contribution base on Rm 2200 salary mah!
Rising cost of living is the biggest challenge for average Malaysians. The average Malaysian is struggling. Though measures are introduced to control inflation, the costs have not fallen.
Salaries are too low and have consistently failed to keep pace with inflation; there is a downtrend in the national saving rates and rising household debt levels in Malaysia. Malaysians are saving less and borrowing more to maintain their lifestyles. The workers salaries have been too low for too long.
The other truth is many businesses simply cannot afford to pay more, as they are not getting sufficient returns on their total capital employed, which have been falling for some years now.
1.5k basic wage is a poverty wage to be honest! Our ringgit value is total joke to foreigners! Productivity very low! 5 working days is not suitable for developing country like Malaysia! Take Singapore for example, their cleaners basic salary is as high as our bank managers! Singapore already becoming semi fully developed while Malaysia remain developing! Cost of living in Malaysia is quite high! Property prices are beyond reach even for middle income group!
I tell you, Bangladesh will overtake Malaysia in a decade! Don't laugh at the banglas! Eventually none of them will come to work here as Bangladesh offer better wages!
1. Have confidence in the ability of our Central Bank (BNM) in doing its jobs. Our BNM is not poor and earning monies from all the profitable commercial banks in Malaysia. The reserve, for foreign currencies is at a comfortable level. Otherwise it won't be able to stay so long at RM4.20/USD1 for so long.
2. Malaysia has so many natural resources/production that Sri Lanka does not have namely oil, palm oil, rubber...
3. The human resources in Malaysia is of higher productivity. Take a look at the number university and the quality of the infra-structure that connecting the factories to the ports.
4. Look at our export products and compare the sale volume generated from the effort of our Malaysia entrepreneurs and the foreign-owned factories/businesses.
5. Compare the tax collected by their government and our government...
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Posted by DickyMe > 2022-04-18 21:40 | Report Abuse
Sorry LKS, It is already sailing in that direction, fast.
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