KUALA LUMPUR, – The exemption of micro, small and medium enterprises (PMKS) from the implementation of the new minimum wage rate increase is seen to be able to balance the survival of business with the growth of the national economy.
Head of MBSB Research, Imran Yassin Md Yusof said, the move gives PMKS room to re-strengthen operations when faced with the pressure of increased input costs following the conflict in West Asia.
According to him, the increase in energy and diesel prices as well as the increase in input costs in other sectors can add pressure to business operations, especially when supplies are also reduced.
“This is because they can also face higher input costs due to the conflict in West Asia. Energy prices, diesel prices and so on are increasing.
“In addition, input costs from other sectors are also increasing and supply is decreasing. So, this may be able to balance the situation so that their costs are not too depressed. I see this as a balanced approach,” he told RTM.
