MALAYSIA BUSINESS BAULKS AT NEW MINIMUM WAGE REGULATIONS
July 1st, 2016
Malaysia officially raised its minimum wage on July 1, and some business leaders are already warning that it may have far-reaching effects on both consumer prices and staffing levels.
“The impact will be quite great,” said Ho Su Mong, president of the Malaysia Singapore Coffee Shop Proprietors’ General Association. Ho warned that the members of his group, numbering some 20,000 businesses, would probably have to raise prices to counter the new labour costs.
“In view of the increase, I think our members cannot make both ends meet without adjusting the ...
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