Malaysia's Prime Minister announces 2025 Budget to tackle inflation, increase wages, and raise civil servant salaries for first time in 12 years.
Prime Minister Anwar Ibrahim announced that Malaysia's Budget 2025, to be presented on October 18, will tackle inflation and focus on increasing wages. Despite essential goods being cheaper than in neighboring countries, the government seeks to improve income levels, as wage growth has not kept pace with productivity. A key initiative includes raising civil servants' salaries, marking the first adjustment in 12 years, addressing stagnant wages amid current economic challenges.
October 05, 2024
3 Articles