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EconomicMalaysia·Unpinned9 Oct 2026

Malaysia to raise minimum wage and expand tax relief in 2027 budget

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On October 9, 2026, Malaysian Prime Minister and Minister of Finance Anwar Ibrahim unveiled a RM459.8 billion expansionary budget for 2027, an increase from the RM444.1 billion allocated for the previous year. The government pledged to raise the minimum wage from RM1,700 to RM2,000 starting in June 2027 and introduced a minimum starting salary of RM2,500…

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Channel NewsAsia
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Nikkei Asia
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Investing.com
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