Macro Analysis /
Malaysia

MY : Strategy - New minimum wage and potential GE15

    Ivy Ng Lee
    Ivy Ng Lee

    Head of Malaysia Research, Regional Head of Agribusiness

    CGS-CIMB
    25 March 2022
    Published by

    Malaysia to implement new minimum wage of RM1,500/mth from 1 May. UMNO delegates want top 5 of the party to find most suitable time to call for GE15. Companies will be negatively affected by higher labour costs but are likely to attempt to pass on higher prices while GE15 may lead to heightened market volatility.