KUALA LUMPUR: Six government-linked investment companies (GLICs) have implemented a monthly living wage policy of around RM3,100 for all permanent Malaysian employees, BFM reported.
The six GLICs are Khazanah Nasional Berhad, Permodalan Nasional Berhad (PNB), Employees Provident Fund (EPF), Retirement Fund (KWAP), Armed Forces Fund Board (LTAT), and Lembaga Tabung Haji.
The new living wage nearly doubles the RM1,700 minimum wage introduced in February this year.
window.googletag = window.googletag || {cmd: []};googletag.cmd.push(function() {googletag.defineSlot('/22826383987/dailyexpress_inline', [1, 1], 'gpt-passback').addService(googletag.pubads());googletag.enableServices();googletag.display('gpt-passback');});The Finance Ministry described the move as a major step towards inclusive economic growth.
It added that the policy reflects a commitment to the well-being and dignity of Malaysian workers.
