Retail in Asia

In People

Minimum wage put 4m jobs at risk in Malaysia, say employers

Some 200,000 Malaysian small businesses will be hard-pressed to continue operations if a blanket minimum wage is implemented, putting up to four million jobs at risk, employers say.

The Malaysian Employers’ Federation (MEF) told The Malaysian Insider on Monday that the proposed floor wage, set to be announced later this month, should be introduced in stages to allow productivity to increase instead of a one-time shock to the market.

MEF executive director Shamsuddin Bardan said some 200,000 small companies with 4 million employees would be affected by the policy.