Malaysia to Raise Government Salaries by a Record, PM Says [Yahoo! Finance]
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Source: Yahoo! Finance
Most Read from Bloomberg Tesla Axes Supercharger Team in Blow to Broader EV Market NYPD Arrests Over 300 Protesters in Crackdown on College Campuses Fed to Signal Delay of Interest-Rate Cuts The Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Economy Lilly Soars as Forecast Boost Shows Weight-Loss Drugs' Power More than 10 billion ringgit ($2.1 billion) will be allocated for what is set to be the biggest wage bump for government staff in the nation's history, Anwar said in Kuala Lumpur on Wednesday. Civil servants will also get a minimum monthly income of more than 2,000 ringgit, he added, from 1,795 ringgit currently. Malaysia's economy quickened by the most in a year during the January-March period from a year ago, signaling that a firmer recovery is underway in the Southeast Asian nation. However, the ringgit continues to trade near a 26-year low, making imports more expensive. There are concerns that price pressures may flare up on Anwar's plann
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