The Board of Directors of Vantris Energy Berhad  is pleased to announce the Company’s formal adoption and implementation of a living wage policy for all its permanent employees.

This strategic initiative is in full support of the Government’s Ekonomi MADANI framework and aligns with the GEAR-uP initiative led by the Ministry of Finance (“MOF”). The GEAR-uP initiative aims to create synergised efforts across Government-Linked Investment Companies (“GLICs”) and their ecosystem to catalyse sustainable growth in key economic sectors, with the dual objectives of “raising the ceiling” and “raising the floor” for the Malaysian economy and its people.

The living wage benchmark has been set at RM3,100 per month, determined through a comparative analysis of industry wages and the cost-of-living standards outlined in the Belanjawanku 2024/2025 Expenditure Guide.

The living wage approach empowers employers to offer a comprehensive total compensation package that extends beyond the base salary, encompassing a range of benefits that enhance an individual’s quality of life, including healthcare, retirement plans, and other savings mechanisms.

VTEB confirms that all its permanent employees currently receive a total compensation package that meets this living wage benchmark.

The implementation of the living wage reflects Vantris Energy’s unwavering commitment to employee welfare, social responsibility, and sustainable business practices. By ensuring fair compensation for all permanent employees, the Company aims to enhance quality of life, foster a resilient and motivated workforce, and strengthen employees’ contribution to Vantris Energy’s long-term growth, and Malaysia’s economic aspirations.