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Yahoo
19-06-2025
- Business
- Yahoo
DOSM: Average Malaysian salary grew to RM3,332 in 2022, but disparity across sectors and skills persists
KUALA LUMPUR, June 19 — The average monthly salary and wages of Malaysian employees stood at RM3,332 in 2022, reflecting an annual growth rate of 3.7 per cent as compared to RM2,590 in 2015, the Department of Statistics Malaysia (DOSM) has revealed. According to the Economic Census 2023 Employment and Salaries & Wages Statistics report released today, those employed in the mining and quarrying sectors earned the highest monthly wages at RM9,422 in 2022 (2015: RM7,980). This was followed by the manufacturing (RM3,513), services (RM3,493), and construction (RM2,536) sectors — all reflecting steady wage growth since 2015. The agriculture sector remained the lowest-paid, with average monthly wages at RM1,827 in 2022, compared to RM1,463 in 2015. In terms of skill levels, semi-skilled workers made up the majority of full-time employees in 2022, comprising 59.8 per cent or 5.6 million of the total full-time paid workforce of 8.6 million. Skilled workers accounted for 22.3 per cent, recording a 3.1 per cent annual growth rate since 2015, while low-skilled workers made up 17.9 per cent of the workforce with a 3.5 per cent annual growth rate. Average monthly salaries for skilled workers stood at RM6,967 in 2022 (2015: RM6,277), reflecting a compound annual growth rate (CAGR) of 1.5 per cent. Semi-skilled workers earned RM2,548 in 2022 (2015: RM1,832), with a CAGR of 4.8 per cent, while low-skilled workers saw their wages rise to RM1,798 (2015: RM1,280), with a CAGR of 5 per cent. Geographically, the workforce remained heavily concentrated in Selangor, the Federal Territories of Kuala Lumpur, and Johor — which together accounted for 56 per cent of the national total in 2022. By establishment size, Micro, Small and Medium Enterprises (MSMEs) continued to dominate employment in the services sector, with 6.5 million people employed in 2022. In contrast, large enterprises employed 3.5 million people, or 34.8 per cent of the workforce. Within MSMEs, 70.2 per cent of employees were engaged in the services sector, particularly in wholesale and retail trade, as well as food and beverage subsectors. 'The salaries and wages gap between MSMEs and large enterprises in Malaysia remained substantial, reflecting structural differences in scale and productivity. 'Workers in large enterprises earned on average 47.5 per cent more than those in MSMEs. 'Average monthly salaries and wages of employees in large enterprises stood at RM4,145, compared with RM2,810 in MSMEs,' the report stated. Chief Statistician Datuk Seri Mohd Uzir Mahidin said the report offered a clear snapshot of the nation's labour landscape. 'A deeper understanding towards labour cost and employment patterns is key to inclusive growth development and uplifting the nation's competitiveness,' he said. The full report is available on DOSM's official portal.
Barnama
26-05-2025
- Business
- Barnama
CPO Futures End Higher On Stronger Soybean Oil Prices
By Nur Athirah Mohd Shaharuddin KUALA LUMPUR, May 23 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Friday, supported by stronger soybean oil prices, said palm oil trader David Ng. However, he noted that gains were limited by concerns over rising production in the coming weeks, which could increase the country's overall stock level. 'We see support at RM3,750 per tonne and resistance at RM3,900 per tonne,' he told Bernama. At the close, the new spot month June 2025 contract rose RM2 to RM3,824 per tonne, July 2025 increased RM3 to RM3,836 per tonne, and August 2025 went up RM7 to RM3,827 per tonne. September 2025 advanced RM12 to RM3,821 per tonne, October 2025 gained RM21 to RM3,824 per tonne, and November 2025 rose RM22 to RM3,831 per tonne. Trading volume declined to 54,070 lots from 66,842 previously, while open interest fell to 244,075 contracts from 247,462 contracts. The physical CPO price for June South slipped by RM10 to RM3,880 per tonne. -- BERNAMA
Express Tribune
24-02-2025
- Automotive
- Express Tribune
Pak Suzuki announces price hike for Alto variants
Listen to article Pak Suzuki Motor Company has announced a price hike for its car models, with increases reaching as high as Rs120,000, effective from February 25, 2025. The automaker cited upgrades to its Suzuki Alto variants as the reason for the price revision. The Suzuki Alto VXR MT now costs Rs2,827,000, reflecting a rise of Rs120,000. Meanwhile, the Alto VXR AGS and Alto VXL AGS see an increase of Rs95,000, bringing their new prices to Rs2,989,000 and Rs3,140,000, respectively. The price of the Suzuki RAVI pickup has also risen by Rs100,000, now priced at Rs1,956,000. In a statement, the company emphasized its commitment to providing high-quality products, with the upgrades aimed at improving safety and comfort to meet customer expectations. Alongside the price hikes, the Pakistan Automotive Manufacturers Association (PAMA) reported a notable surge in car sales in January 2025, with sales up by 73% month-on-month to 17,010 units. Year-on-year, car sales have increased by 61%, signalling a robust recovery in the country's automotive market.
