The Malaysian Employers Federation (MEF) has thanked Prime Minister Datuk Seri Anwar Ibrahim for addressing the high cost of living and making serious efforts to control the prices of basic goods and services.
However, its president Datuk Dr Syed Hussain Syed Husman told theSun that the government’s salary hike for civil servants of up to 15% under the Public Service Remuneration System, will further increase the cost of living in the country.
Salary Rise Coming as Cost of Living Increasing
Syed Hussain also called on the government to include all stakeholders in discussions to manage the wage pressures vis-a-vis the rising cost of living.
He said using research data or the opinions of academics who have never run a business is dangerous, and theoretical views do not help entrepreneurs who are struggling with cost increases and reduced business margins.
Syed Hussain said many SMEs are living from hand to mouth, and this is the reality on the ground.
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