Research Reveals Malaysia Ranks 4th in Average Salary Among Southeast Asian Countries, Following Singapore, Thailand, and Brunei
There has been considerable discussion and debate surrounding salary issues in our nation recently. UNICEF has expressed concern, stating that a minimum wage of RM1,500 isn't sufficient for struggling Malaysians, while CUEPACS hopes that the proposed over 13% salary increase for civil servants won’t lead to a surge in the cost of living.
Given these concerns, have you ever pondered what the average monthly salary in Malaysia is and how it stacks up against other countries in the region?
Well, data from the cloud-based time and productivity software Time Champ, as cited by Tempo, sheds light on this. Malaysia ranks fourth in terms of average salary among Southeast Asian nations, trailing behind only Singapore, Thailand, and Brunei.
Notably, Singapore leads the pack with an impressive SGD8,480 or RM29,714, well above the global average. Thailand secures the second spot, with an average salary of THB97,300 or RM12,551. Following closely is Brunei, boasting an average monthly salary of BND3,230 or RM11,317.
The full list is as follows:
- Singapore
- Thailand
- Brunei
- Malaysia
- Philippines
- Indonesia
- Vietnam
- Laos
- Cambodia
- Myanmar
- Timor Leste
Regarding Malaysia, Time Champ highlights that our country offers competitive salaries compared to others in the region, with numerous appealing job prospects across various sectors for Malaysians. The average salary in Malaysia is disclosed to be RM6,610.