Malaysia to focus on living costs, raising wages

Bloomberg

Prime Minister Anwar Ibrahim is exploring how to boost wages for Malaysian workers, as gloomy economic prospects pose headwinds to his fledgling administration.
Malaysia plans to set a wage growth target for all workers and formulate policies to support this, Economy Minister Rafizi Ramli told a press conference. The National Economic Action Council will meet in March to discuss this in a meeting chaired by the prime minister, he added.
“The inflation problem still needs to be managed properly, while the people’s wages still haven’t reached the right levels,” said Rafizi in the briefing in the administrative capital of Putrajaya.
“It requires an integrated approach and we can no longer work in silos.”
How Malaysia handles an increasingly challenging economic outlook could be key for Anwar’s survival amid looming tests to his staying power.