RHB Research estimated that for every 10% rise in the minimum wage, planters’ earnings would be impacted by about 2% to 5%.
PETALING JAYA: The minimum wage in Malaysia could be raised to RM1,800 to RM2,000 per month in Budget 2025, up from RM1,500 currently.
The hike, however, will be detrimental to planters’ earnings, cautioned RHB Research.
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