Monday, April 20, 2015

MALAYSIA:::Private sector in need of a Cola policy - MTUC

 The Malaysian Trades Union Congress (MTUC) has called on Prime Minister Datuk Seri Najib Abdul Razak to announce a monthly RM300 cost of living allowance (Cola) for private sector employees to meet the rising costs of living.
MTUC secretary-general Gopal Kishnam said there is a need for a Cola policy in the private sector as the cost of goods has gone up by 20% to 30% since the implementation of the Goods and Services Tax (GST).
The figures are based on those given in the Federation of Malaysian Consumers Association (Fomca) website, he added.