13-month salary proposed by MP in Parliament

Published on 22 Oct 2024 11:02:01 PM

A lawmaker has proposed a 13-month salary system to boost citizens' capital and encourage investment.

Sim Tze Tzin (PH-Bayan Baru) suggested in the Dewan Rakyat on Tuesday (Oct 22) that the additional month’s salary could be used for investments with greater returns, as well as for expenses like back-to-school shopping.

He urged both private companies and the government to consider the idea, noting that some private companies have already adopted the model, which is also common in other countries.

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