News about salary

KUALA LUMPUR (Aug 19): Former 1Malaysia Development Bhd CEO Mohd Hazem Abdul Rahman (pictured) today denied that he failed to disclose to the company’s directors about a purported buyback agreement with a fake company to protect his salary and annual bonus amounting to RM2.

KUALA LUMPUR (March 3): Genting Malaysia Bhd’s senior management team has taken a temporary voluntary 20% salary cut for three months, and the company has written to staff for them to consider a variation in their employment contract with a suggested variation staggered depending on job grade from 15% to 20% reduction in salary or one day no pay leave per week, according to a letter sighted by The Edge.

KUALA LUMPUR (May 14): Hatten Group will be closing its non-performing business units, which would see affected employees being placed on temporary lay-off scheme until the global economic situation recovers, upon which the company will arrange for their potential return.

KUALA LUMPUR (March 26): Prime Minister Tan Sri Muhyiddin Yassin, along with all federal ministers and their deputies, are taking a two-month pay cut, with the savings to be donated to Putrajaya’s COVID-19 Fund, the Malay Mail reported today.

KUALA LUMPUR (April 16): The government should focus on raising civil servants' salaries to boost domestic aggregate demand instead of being fixated on price levels when it comes to addressing the high cost of living, according to the Malaysian Institute of Economic Research (MIER).

KUALA LUMPUR (March 28): Bank Negara Malaysia does not foresee any turbulence in the labour market this year, as it expects continued employment and income growth, underpinned by the steady expansion of the services and manufacturing sectors.

KUALA LUMPUR (March 27): Malaysians are not being paid enough for the level of productivity they are producing, with many of the country’s workers underpaid, said Bank Negara Malaysia (BNM).