Name: Malaysia Minimum Monthly Wages
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Malaysia,Minimum Wages,data,chart,actual,historical,values,calendar,forecast,graph,2022,2023,2024

Minimum Wages in Malaysia for employers who have five workers or more remained unchanged at 1500 MYR/Month in 2023 from 1500 MYR/Month in 2022, while those with less than five staff members are set to increase to 1500 MYR/Month on July 1st 2023. source: Ministry of Human Resources Malaysia

Minimum Wages in Malaysia averaged 1109.09 MYR/Month from 2013 until 2023, reaching an all time high of 1500.00 MYR/Month in 2022 and a record low of 900.00 MYR/Month in 2014. This page provides - Malaysia Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Minimum Monthly Wages - values, historical data and charts - was last updated on June of 2023.

Minimum Wages in Malaysia is expected to reach 1500.00 MYR/Month by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Minimum Monthly Wages is projected to trend around 1600.00 MYR/Month in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Minimum Wages	1500.00	1500.00	MYR/Month	Dec 2023

Malaysia Minimum Monthly Wages

In Malaysia, minimum wage refers to lowest gross wage per month and it does not apply to apprentices and domestic servants. The minimum wage was was announced in October 2010 and introduced in January 2013 as one of the Government’s policy instruments vide New Economic Model (NEM) to ensure inclusiveness by transforming the economy from a middle-income to a high-income economy by the year 2020.