The initial phase will concentrate on two employee categories—entry levels and non-entry levels. An annual allocation for cash incentives aims to incentivise business participation, especially from small and medium enterprises (SMEs). Entry-level posts may receive up to RM200 monthly for 12 months, while non-entry-level posts are proposed to receive up to RM300 monthly for the same duration.

Government allocation for cash incentives will be contingent on fiscal considerations, with disbursement following a first-come, first-served basis. The proposed allocation, ranging from RM2 billion to RM5 billion, will benefit between 1.05 million to 2.62 million wage earners. An elaborate structure involving quarterly payments to employers and criteria based on wage documentation and employee skill-upgrading courses is outlined.

Executing the progressive wage system will involve cross-ministerial collaboration. The proposed structure includes the establishment of a Progressive Wage Policy Implementation Executive Committee, supported by four working committees focusing on policy development, system development, skills improvement, and annual wage increment. A special Cabinet committee, chaired by Deputy Prime Minister II, will oversee policy direction and implementation strategy.

The White Paper outlines three potential scenarios with varying government allocations and corresponding impacts. Anticipated benefits encompass increased GDP growth, additional contributions to the Employees Provident Fund (EPF), higher income tax revenue, reduced unemployment rates, and a potential rise in the number of taxpayers. However, inflation is expected to marginally increase as consumption and purchasing power rise.

Economy Minister Mohd Rafizi Ramli announced plans to present salary guidelines for Cabinet approval in the first quarter of 2024. Interested companies can register before the pilot project's commencement in June. The initial phase, involving 1,000 companies, aims to refine the approach before expanding to the entire sector. An impact assessment will be conducted, and findings will be presented to the Cabinet before full-scale implementation, expected post-December 2024. The initiative reflects Malaysia's commitment to progressive wage structures and economic inclusivity.

The BMCC looks forward to supporting the Malaysian government in its next steps to implement the progressive wage policy. 

Date: 8 December 2023

Time: 5.30 pm - 8.30 pm

Venue: EQ Kuala Lumpur,

Level 3, Conservatory

Hurry, email us at Comms@bmcc.org.my for the best deal!

Visitors from Australia, Brunei, Germany, Japan, South Korea, New Zealand, Saudi Arabia, Singapore, US, and the UK are eligible to use autogates at Kuala Lumpur International Airport (KLIA) for immigration clearance.

Autogates at KLIA's Terminal 1 or Terminal 2 can be utilised by eligible visitors for both arrival and departure. First-time visitors must submit MDAC three days before arriving and enroll/verify their passport at the manual counter during their initial trip.

Visitors eligible for autogate usage must submit MDAC three days before each visit to Malaysia.

Successful enrolment is required for visitors to use autogates for immigration clearance during subsequent visits.

The implementation of MDAC aims to streamline entry procedures, providing a digital and efficient process for foreign nationals entering Malaysia. Autogate usage for eligible countries further enhances the overall entry experience at KLIA.

Find the link to register and submit MDAC here. 

In October 2023, Malaysia's total trade rose to RM239.5 billion, up from September's RM224.4 billion. However, exports experienced a 4.4% decrease, amounting to RM126.2 billion, compared to the same period last year.

Noteworthy export declines were recorded in states such as Johor, Sarawak, Sabah, Melaka, Negeri Sembilan, Labuan, Kuala Lumpur, and Perlis. In contrast, Kedah, Selangor, Terengganu, Pahang, Penang, Perak, and Kelantan saw increased export figures.

Penang maintained its position as the top exporter, commanding a 30.9% share, followed by Johor, Selangor, Sarawak, and Kuala Lumpur. Despite the overall dip, these regional variations highlight the diverse export landscape across Malaysian states.

Imports in October 2023 registered a marginal 0.2% decline, amounting to RM113.3 billion. Lower imports were observed in states like Johor, Penang, Kedah, Melaka, Sarawak, and Kelantan. In contrast, Kuala Lumpur, Selangor, Negeri Sembilan, Pahang, Perak, Labuan, Sabah, Terengganu, and Perlis reported increased import figures.

Selangor continued to dominate Malaysia's imports, commanding a 25.9% share, followed by Johor, Penang, Kuala Lumpur, and Kedah. The marginal decline in overall imports suggests stability in the country's import activities, influenced by varying trends across regions.

These trade insights offer a comprehensive view of Malaysia's economic activities in October, revealing the nuanced performance of exports and the overall stability in imports. The regional disparities underscore the diverse economic landscapes shaping Malaysia's trade narrative.

Despite the challenges, the BMCC looks forward to further economic growth and is more than ready to contribute our services for the advancement of the nation.

The British Chambers of Commerce in SE Asia, alongside the UK Department for Business and Trade and UK Foreign Commonwealth and Development Office, would like to invite you to a webinar explaining the sanctions, and outlining the obligations of British companies and individual professionals based in SE Asia. There will be time allotted for questions and discussion.

Date: Dec 6

Time: 4.00 pm - 5.30 pm (GMT +8)

Register: Here

Immerse yourself in a day filled with inspiration, innovation, and invaluable insights as they bring together leading experts from IMU, dynamic speakers, and passionate students like yourself to share the wonders of the medical world.

Engage with Esteemed Professionals: Connect with experienced physicians, researchers, and healthcare professionals who will guide you through their experiences, share pearls of wisdom, and answer your questions.

Global Perspectives on Health: Gain a global perspective on health and medicine by delving into discussions on healthcare systems around the world.

Interactive PBL Workshops and Demos: Participate in hands-on workshops and live demonstrations that bring medical concepts to life. Whether it's trying your hand at basic CPR skills or experiencing the use of cutting-edge medical devices.

Networking Opportunities: Connect with like-minded peers who share your passion for medicine and medical-related careers. Build friendships and forge connections that may shape your future academic and professional endeavours.

Student Showcase: Students will have the opportunity to present their PBL cases to an expert panel at the conference and receive recognition and prizes for their problem-solving skills and creativity.

Limited Spaces Available: Seize the opportunity to be part of this transformative experience! Register now to secure your spot at the Medical Conference of the year.

Registration link here!

Don't miss out on this chance to fuel your curiosity, ignite your passion, and take your first steps towards a future in medicine and medical-related careers!

Slated to open in Q1 2026, the hotel is situated next to the sprawling Paya Indah Discovery Wetlands within the thoughtfully planned Gamuda Cove. Spanning 1,530 acres, Gamuda Cove will also include vibrant residential and commercial areas to complement a range of eco-friendly tourism attractions, such as the already operational SplashMania Waterpark and Discovery Park, all designed with sustainability and a low carbon footprint in mind.

With over 150,000 vacancies in the health and social care sector in the U.K, it's crucial to address the global healthcare challenges that are intensifying this shortage. And a Skills for Health Report tells us that within the next 10 years, we will need to fill almost 500k vacancies to keep up with our aging workforce and population. The demand for qualified personnel worldwide is outpacing the available workforce, making effective training a key factor in addressing this challenge. 

This webinar is designed for individuals seeking to enhance their employability prospects within the U.K. and globally. Organisations within in the healthcare and education sectors will also benefit as we delve into skills solutions to tackle the pressing issue of workforce shortages.

We are delighted to have industry experts sharing their insights, including DR Ram Senasi MRCS FRCR, Consultant Paediatric and Neonatal Radiologist (or simply Ram, as he prefers), Steve Morris LCG's Group Commercial Director and training and employment solutions specialist, and Craig Wade, Senior Health, Science and Social Care Manager from the awarding organisation NCFE; who, together, will bring a wealth of knowledge about the industry.

Click here for more information and to register!