With PM Anwar secure after polls for six states over, he must focus on expanding economic growth Read more at straitstimes.com.
the Malaysian government is expected to drive the country faster towards economic reforms including raising wages for workers and easing of ways to do business, economists say.
Datuk Seri Anwar said recently that there will be some “major announcements” before the government presents Budget 2024 in October.which he said would transform the industrial sector by 2030 with estimated investments of RM95 billion , mostly by the private sector. Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz said later that the part of the government’s NIMP’s allocations, totalling some RM9.5 billion, will be revealed in the 2024 Budget that will be presented on Oct 13.
The fundamental expectations of Malaysians have not changed, as they want the government to control cost of living and increase job opportunities and wages.Anwar unveils plan to raise wages, boost Malaysia’s economy ahead of state elections Labour statistics show that around 75.7 per cent of 6.45 million formal employees earn less than RM5,000 monthly. Out of these, a third makes less than RM2,000 a month, lower than the national poverty rate of RM2,589 and below a month.
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