Federal Government and MSMEs Discuss National Minimum Wage Policy
What happened
The federal government and MSMEs held discussions on September 28, 2026, concerning national minimum wage policy. Economy Minister Akmal Nasrullah Mohd Nasir stated that any decision to increase the minimum wage to RM2,000 should be announced during Budget 2027 by Prime Minister Datuk Seri Anwar Ibrahim. The Minister noted that the government is considering the impact on micro, small and medium enterprises to ensure employers can sustain higher operating costs.
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Why it matters
The review of the national minimum wage directly affects the operating costs and labor expenses of small businesses and MSMEs. The government is balancing the need to support workers while ensuring the financial sustainability of employers.
The federal government is currently reviewing the national minimum wage, which is being set at N70,000.
From thestar.com.my
Who's involved
- federal governmentHighest, central level of government in a federation
- Bello Muhammad GoronyoServes as Minister of State for Works within the federal government
- Emory UniversityPrivate research university in Atlanta, Georgia, United States
- Bola Ahmed TinubuPresident, whose leadership and policies define the direction and operational capacity of the federal government
- NigeriaSovereign state in West Africa
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The entities involved
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federal government
highest, central, level of government in a federation