Playing catch-up: People spending their weekend at the Pavilion Kuala Lumpur in the city centre. Malaysia’s CE to GDP ratio is lagging at a low 35% as of 2021 behind Singapore’s 48.7% and the United States at 55%.
THE wage quandary that Malaysia is facing has come to the forefront again after Economic Affairs Minister Rafizi Ramli dropped hints about a possible wage model of mandatory increments for workers.
Acknowledging that the unveiling of such a proposal could be “unpopular”, Rafizi said his ministry would be presenting a progressive wage model (PWM) to the government next month.
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