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Wednesday, November 9, 2011

RM1,500 minimum wage for Selangor gov't firms

Selangor today beat the federal government in a race to implement a minimum wage policy, with a pledge to pay RM1,500 in wages for state owned companies beginning next year.

The announcement was made in Menteri Besar Abdul Khalid Ibrahim’s speech when tabling the state’s budget for next year at the Selangor state assembly today.

Khalid said employees of financially stable state-owned companies will be the first beneficiaries of the policy before it is expanded.

These companies includes Perbadanan Kemajuan Negeri Selangor (PKNS), Perbadanan Kemajuan Pertanian Selangor (PKPS), Permodalan Negeri Selangor Berhad (PNSB) and Worldwide Holdings Bhd.

As for companies with an unstable financial status, Khalid said the state government will provide RM10 million to support the increase in wages.

In contrast, the federal government is still far from implementing a minimum wage policy, which unionists and Pakatan Rakyat claims was necessary to deal with poverty and help the country deal with an increasingly evident middle-income trap.

[More to follow]

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