Minimum wage increase important labour market reform, says EPF
The Employees Provident Fund (EPF) in Malaysia has welcomed the government's decision to increase the minimum wage to RM2,000. The move is seen as a vital reform to improve worker livelihoods and retirement savings adequacy.
Why it matters
This policy change reflects broader efforts to address cost-of-living pressures and retirement security in the Malaysian economy.
KUALA LUMPUR: The increase in the minimum wage to RM2,000 is an important labour market reform that will improve workers’ livelihoods and support better retirement adequacy for Employees Provident Fund (EPF) members, its chief executive officer, Ahmad Zulqarnain Onn, said.
"It is also a meaningful step towards labour’s share of national income, ensuring the benefits of economic growth are shared more widely.
"EPF also supports the initiative to increase the threshold for living wage at government-linked investment companies (GLICs) to RM3,400, and is committed to full implementation,” he said, reacting to the Budget 2027 tabled in Parliament here today.
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