fbpx
Connect with us

News

Tun M is Urging Employers to Pay Their Staff Better If They Are Making More Profits

Published

Pay - World Of Buzz 5
Source: The Star & Malay Mail

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Take note, if you know your company is making money! 

“A country’s development is not solely measured by its Gross Domestic Product or the stock market, but also the people’s standard of living,” said Prime Minister Tun Dr Mahathir Mohamad during his keynote address at Invest Malaysia 2019 held at Shangri-La Hotel on Tuesday (March 19).

According to The Star, Dr Mahathir pointed out that higher living standards among Malaysians should be taken into consideration, adding that the income disparity between different groups in the workforce is widening.

Pay - World Of Buzz 2

Source: The Star

He was quoted by the daily as saying,

“I urge all of you to have a stakeholder mindset. Pay your workers better if you make more profits.”

“We noticed that the pay for CEOs has been increasing multiple fold, but workers’ wages had been slow to rise if not stagnant. This is not right.”

He was also worried about the country’s growing income gap. He said that if this is not properly examined, it could create tension and hostility, or might even result in confrontations among Malaysians.

“We cannot have one group succeeding, dominating, or monopolising everything while others lag behind. The gap between the haves and haves-not must be narrowed,” he added.

During the event, he reminded the investment community of its role in eliminating corruption.

“The least you can do is not to buy shares or make deals with directors or companies that are involved in corrupt practices.”

Dr Mahathir went on to say that the government should also play its part in ensuring no active politicians are being appointed as Malaysian head of missions in any listed GLCs (government-linked companies).

“We are also in the process of undertaking new initiatives which require amending the Constitution and certain Acts,” he added.

Pay - World Of Buzz 4

Source: malay mail

During a dialogue session, he said that all Malaysian youths must also understand that in order to obtain more pay, they need to work harder.

“If they are productive, they can have more pay, simply because they are productive through better education and training.”

“But, simply because you are powerful, you have the union, you can go on strikes and destroy the whole economy. The end result is they will lose out.”

What do you think of Tun M’s statements? Do you agree with him? Share your thoughts with us in the comments section!

 

Also read: Dr Mahathir Says Malaysia is Successful Thanks to Chinese Business Community

Pay - World Of Buzz


Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

My Post 2022 01 19T172144.360 My Post 2022 01 19T172144.360
News5 hours ago

World No. 7 Shuttler Lee Zii Jia Resigns From Badminton Association of Malaysia

National No.1 badminton singles player, Lee Zii Jia has officially parted ways with Badminton Association of Malaysia (BAM) and will...

My Post 2022 01 19T163129.700 My Post 2022 01 19T163129.700
News5 hours ago

Here’s Everything You Need To Know About The 2022 Chinese New Year SOPs

Everyone is excited for the upcoming Chinese New Year celebrations, but we still have to keep in mind and adhere...

Cervical Cancer 3Rd Most Common But Low Test Rate Cervical Cancer 3Rd Most Common But Low Test Rate
News7 hours ago

Testing Rate For Cervical Cancer Still Low But It’s The 3rd Most Common Cancer Affecting M’sian Women

Cancer is a very terrifying thing and it’s always sad to hear about it affecting someone.   Cervical cancer has...

Collage 1 3 Collage 1 3
News1 day ago

PLUS: Teams Will Manually Scan RFID Tags For Users Stuck At Toll Booths & Offer Detection Diagnostic

“Contactless transactions” have been the norm ever since the pandemic struck in order to curb the spread of the virus....

My Post 2022 01 18T103700.566 My Post 2022 01 18T103700.566
News1 day ago

KJ: M’sia May Completely Ban Cigarettes & Other Tobacco-Products For Future Generations

The Ministry of Health (MOH) is planning to enact a new legislation known as the Tobacco and Smoking Control Act...

Ft Mydin Ft Mydin
News2 days ago

Mydin’s Boss Says Prices For Dry Goods & Clothing Expected to Increase by 10% in 2022

Although the Prime Minister had previously announced that the prices of some goods will stabilise this year, our favourite eateries...

My Post 2022 01 17T114424.433 1 My Post 2022 01 17T114424.433 1
News2 days ago

Massive Congestion Caused By RFID Reported On Multiple Toll Roads Around KL & Selangor

Videos and images have surfaced online, of a massive congestion allegedly caused by the use of Radio Frequency Identification (RFID)...

Ft Sri Muda Ft Sri Muda
News2 days ago

Over 100 Taman Sri Muda Residents Will Be Suing Federal & S’gor Govt For Negligence Over Flash Floods

The sudden flash floods which hit many parts of the country had claimed plenty of lives. Following the government’s alleged...

Announcement

Latest Videos



TRENDING TODAY