The implementation of the new Minimum Wage Order, effective today, is seen as a significant step to ease the burden of workers in the country and improve their living standards.
Bursa Malaysia is expected to see increased trading activity, driven by improved sentiment in regional and global markets as investors gear up for post-festive bargain hunting, said an analyst.
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The ringgit is expected to trade cautiously next week, moving between RM4.41 and RM4.44 against the US dollar, amid rising concerns over US tariff policies.
A total of 4.37 million workers in Malaysia will now receive a minimum monthly wage of RM1,700, up from RM1,500, following the official implementation of the Minimum Wage Order today.