Minimum wage pushing SMEs to raise prices, industry leaders say | The Malaysian Insight

Industry experts say small and medium enterprises are set to adjust their prices by 25% to 30% in an attempt to stay afloat, now with the added pressure of paying the new minimum wage of RM1,500 to workers. – The Malaysian Insight file pic, June 2, 2022.

SMALL and medium enterprises are set to adjust their prices by 25% to 30% in an attempt to stay afloat, now with the added pressure of paying the new minimum wage of RM1,500 to workers, industry experts said. They have been contending with the increasing cost of raw materials and other logistics, made worse by Russia’s war on Ukraine, which has further inflated prices and their overheads.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Industry to wait and see as chicken ceiling price ends on SundayPETALING JAYA: Stakeholders, industry players and chicken sellers are waiting to see what happens next after June 5 when the ceiling price of chicken of RM8.90 ends.
La source: staronline - 🏆 4. / 75 Lire la suite »