99 Speed Mart Retail Holdings Bhd has addressed concerns over its employee compensation structure, asserting that wages offered to staff are not only ‘fair’ but also in compliance with the Employment (Amendment) Act 2022.
According to New Straits Times, chief operating officer Yong Eng Kwang, emphasised that while the mini-market sector presents distinct challenges, comparisons to other industries must factor in these differences.
99 Speed Mart Defends Salaries, Highlights Managers Earning Over RM4K
“Under the Employment (Amendment) Act 2022, the national minimum wage is set at RM1,500 per month. This assured that 99 Speedmart not only meets this legal requirement, but in fact, we pay more than that,“ he was quoted as saying.
The statement follows public discussions about employee satisfaction after the company’s founder became one of Malaysia’s wealthiest individuals post-listing.
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