Malaysia's civil servant salary increase expected to boost economy, benefiting SMEs.

Malaysia's Housing and Local Government Minister Nga Kor Ming expects the upcoming salary increase for civil servants to significantly boost the country's economy, benefiting Small and Medium Enterprises (SMEs) in property and retail sectors. The increased income for civil servants will promote domestic consumption, create business opportunities for SMEs, generate employment, and stimulate economic growth. The number of employed individuals has reached a historic high, and the unemployment rate has fallen to 3.3%.

August 15, 2024
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