Average Salary Increase For 2024 In Malaysia. While salaries in singapore and malaysia are expected to stay flat at 4% and 5% respectively, median salaries are expected to increase for indonesia (6.5%), the philippines. Companies in malaysia continue to project an overall salary rise of 5% in 2024 for executives, management, professional employees, and support staff,.

Government proposes to increase service tax to 8 per cent compared to 6 per cent currently; Mercer’s total remuneration survey 2023 brings encouraging news for employees in malaysia, projecting an average salary increase of 5.1% for 2024.