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As prices hike, increments and bonuses will slump

MP SPEAKS The six factors of corruption and crime, minimum wage policy, hikes in petrol price, power tariffs and highway toll charges, will not only lead to inflation but also negatively impact salary increment and bonuses for 14.2 million Malaysian workers in 2014.

The Department of Statistics has indicated a softening of the Malaysian economy, with the seasonally adjusted unemployment rate for October 2013 increasing to 3.5 percent from 3.1 percent in September 2013.

With ensuing inflation from price hikes, the smaller salary increments and bonuses will only make livelihood of ordinary Malaysians worse off...

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