KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has agreed to become the first government-linked company (GLC) to respond to the government's decision to raise minimum wages to RM1,700, said Prime Minister Datuk Seri Anwar Ibrahim.
"After the recent 2025 Budget, the board of directors and senior management of TNB agreed to be the first GLC to respond to the government's call to raise the minimum wage.
"TNB will not only increase the minimum wage... the board of directors and senior management of TNB have also approved a salary and income increase for all TNB employees," he said at TNB's 75th anniversary celebrations.
Anwar said this salary and income increase should align with the dedication and performance improvements of TNB staff to continue being a primary catalyst for the country's development and progress.
However, the specific amount of the increase and the timeline were not disclosed.
Anwar, who is also the finance minister, announced an increase to the minimum wage from RM1,500 to RM1,700 during the 2025 Budget announcement on Oct 18.(https://www.nst.com.my/news/nation/2024/10/1121817/2025-budget-minimum-w...)
The increase will take effect on Feb 1.
Commenting on the matter, TNB chairman Tan Sri Abdul Razak Abdul Majid said whatever the company offers to the employees is something that can be afforded in terms of financials.
"We make sure that whatever we offer to the employees is something we can afford in terms of our financials, how much we have to spend in terms of our operating cost and how much we think is a very fair amount of reward we want to give the employees.
"So far, it has been good, before we can do anything, we have to go to finance to make sure it is okay, take it to the board and the board has agreed that we can lift a little bit of the minimum wages.
"Whatever the implications will be, if you raised the floor of course you may have to adjust the ceiling as well," he said.