What I meant was fixed gross. Like lets say Basic 400, but fixed allowances like transport allowance, site allowance, makan allowance all add up to meet the minimum wage. This does not include overtime which is not fixed.

This way overtime or additional production does not cost extra from before. And fixed costs are easier to manage, where the company has a fixed objective and can concentrate on other cost cutting measures like medical benefits, cheaper insurers, less uniforms etc.

If basic = minimum wage, overtime of staff to meet production deadlines will have an impact on production costs. And these costs can vary according to the amount of production needed, public holiday overtime, different payscale of employees etc.

Edit:

Because employees didn't suddenly improved, there is a justification not to pay the basic = minimum wage if the delta is high.

PUTRAJAYA: THE minimum wage deals only with the basic salary while employees and employers would have to discuss the additional benefits.

Human Resources Minister Datuk Seri Dr S. Subramaniam said this had been the practice in Malaysia "all the while".

Subramaniam was commenting on concerns raised by the Malaysian Employers Federation (MEF) executive director Shamsuddin Bardan that workers could lose their additional incentives and allowances once the minimum wage policy was implemented.

Classic example! Beauty of dividends & long term investment. 
I did the same way, too. 

Yes I am. 

Keeping cash in your HL trust fund will earn you higher interest than normal bank current/saving accounts!!! 

Hello Bunny - did you buy PERSTIM last time? Not sure if the dividend yield will be substainable for long term. I need to check out the latest timah price and the world forecast supply and demand first.

PS. can I ask for ang pow from you? I am "return"newcomer that bought some shares today! Hehe 

Skid,
Based on the news, Min wages is on basic only, so OT rate also will be affected.

http://www.nst.com.my/opinion/letters-to-t...-salary-1.56880

I lost trust in their trust fund. 
Prefer to manage ownself.
At least so far the returns far exceed their returns. 

Yeah, the employers will suffer as adjustments will be more complicated. And employees will not benefit unless there is overtime. I guess the work harder, get paid more mantra is the philosophy.

The outcome can be inflation, which is highly possibly, which in the end of the day, nobody gain, but lose-lose situation.

No productivity gain, with wages increment, is factor for inflation to hit.

In fact, even the employee getting payrise, but inflation looming and serious hit, all payrise is back to square one, and life can become more difficult due to inflation instead better.

dun mind to share ?

Share what ah david gor?

NCB : A Single Tier Special Interim Dividend 56.0 Sen

Current price 3.90, eq to > 14% yield

Share price appreciation not much. Another purely makan divvy counter.

Mmmmm yummy. 

Skid you have NCB share? Over the long run is lucrative.

Last year they give 59c. Even more.

Skid you have NCB share? Over the long run is lucrative.

Last year they give 59c. Even more.

Wow this is a very good counter to keep for long term 

wow today this thread moves quite fast..means market is getting better?

wow today this thread moves quite fast..means market is getting better?

is becuz less fruit to kacau!! btw i tot ice also busy to make some apple icecream?

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Added on April 26, 2012, 6:07 pm
is becuz less fruit to kacau!! btw i tot ice also busy to make some apple icecream?