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Malaysia’s Anwar unveils record public pay hike amid ringgit’s slide

Anwar Ibrahim Malaysia

Malaysian Prime Minister Anwar Ibrahim has called on companies making large profits to share their gains with employees [Ebrahim Noroozi/AP]

Malaysian Prime Minister Anwar Ibrahim has announced a record hike in civil servants’ pay of more than 13 percent, amid rising prices and a weakening local currency.

In a speech to mark Labour Day on Wednesday, Anwar said 10 billion ringgit ($2.10bn) would be allocated to support the “best increase in history” from December.

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