Malaysian civil servants’ pay could endanger credit score

13 Jun 2007

Standard & Poor’s said this week that it is evaluating the effect that Malaysia’s recent hike in government employee salaries will have on the sovereign’s fiscal position.

On May 21, the Malaysian government announced pay increases of 7.5%-35.0% for more than one million of its employees. The increases, which ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial