Summary of recent changes to minimum wage legislation in Asia

RECENT CHANGES TO MINIMUM WAGE (MW) LEGISLATION IN ASIA
Country	Key Points
China	Plan to raise MW to 40% of average urban salary by 2015. Average 15% rise in MW across 13 provinces in 2012.
Hong Kong	Government approves 7% MW hike to HKD30 (US%3.86) in February 2013. Set to impact 250,000 workers, or 7% of workforce.
India	Nominal MW level varies on state-by-state basis. Carpet 3.3% increase for workers enacted in October 1 2012.
Indonesia	MW in Jakarta raised by 44%. 30-45% hikes on a region-by-region basis.
Malaysia	Monthly MW of MYR900 (US$289) came into effect on January 1 2013.
Philippines	Daily MW increased by 4.7% to PHP446 (US$10.9) in 2012. Further hikes expected in 2013.
Singapore	Workfare Income Supplement for all workers earning below SGD1,900 (US$800) and other measures under discussion.
South Korea	Outgoing government increased 2013 MW by 6.7% to KRW4,860 (US$4.50) in August 2012.
Taiwan	MW to be increased to TWD109 (US$3.70) in 2013 if real GDP growth exceed 3% for two quarters and jobless rate below 4%.
Thailand	MW raised across the board in 2013. Will rise by 35% nationwide to match the THB300 (US$10) daily wage in Bangkok.
Vietnam	MW to rise 16-18% in 2013 across the country as a whole. Ho Chi Minh to see 35% increase to VND2.7mn (US$130) per month.
Source: BMI, Local Newspaper Reports, Bloomberg