Malaysia: National minimum wage to increase next year

The 2016 budget announced recently by Malaysia’s Prime Minister, Najib Abdul Razak, includes a proposal to raise the national minimum wage from the current 900 ringgit (209 US dollars) to 1,000 ringgit (233 US dollars) per month, with effect from July 1st next year. The highest rate of income tax will also be raised from 25% to 26–28%.

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