KUALA LUMPUR: Businesses in Malaysia are expecting employee salaries to increase over the next 12 months, says a survey conducted by Grant Thornton International Business Report (IBR). Employee salaries and other key economic indicators, including revenues, exports, selling prices, employment and profits are expected to improve despite the less-than-optimistic outlook for the year ahead, a company statement said today. Malaysia has the highest proportion of businesses in the Asean region expecting to offer employees a pay rise in next 12 months. "Exchange-rate fluctuations topped the list as Malaysia's biggest constraints to business expansion, with 76 per cent of business executives highlighting this as a challenge. "Selling prices and profitability are also expected to increase over the next 12 months, with 20 per cent of businesses expecting an increase in selling prices," it added.

Source: New Strait Times January 09, 2017 05:36 UTC