Maldives Establish Minimum Wage of MVR6400

Saturday 22nd of February 2020

Maldives Establish Minimum Wage of MVR6400

Minimum wage advisory board has recommended MVR 6,400 to be the minimum wage in the Maldives which has been forwarded to the parliament for discussion.

Minister Fayyaz said International Labour Organization (ILO) advised to establish a minimum wage between MVR 6,000 and MVR 6,500 in the Maldives.

“This may not be the most ideal amount but have to check the capacity of the employers to meet this wage. Micro and Small Businesses have expressed their concerns regarding the currently implemented minimum wage rate as well.” stated the Minister.

It is important that an appropriate amount is fixed as minimum wage or else companies that are not able to meet the finances may end in bankruptcy, thus eliminating the possibilities of employment opportunities.