ROME (Reuters) - Defending champions Inter Milan stormed to a 6-0 win at Lazio in Serie A on Monday with quick-fire goals either side of halftime.
PETALING JAYA: Employer groups warn that the looming rise in insurance premiums may compel businesses to scale back on employee benefits, including health insurance and related perks.
“The projected increase in insurance premiums will be unaffordable for most micro, small and medium-sized enterprises . He added that such reductions could challenge the retention of skilled employees and negatively impact workforce morale, productivity and competitiveness. SME Association of Malaysia president Chin Chee Seong said SMEs are concerned about the potential financial strain on businesses due to significant increases in insurance premiums.
The Associated Chinese Chambers of Commerce and Industry of Malaysia president Datuk Ng Yih Pyng said any increase in insurance premiums has to be reasonable and affordable without burdening the payers, including employers. ACCCIM treasurer-general Datuk Koong Lin Loong said many businesses, including SMEs, buy group insurance as part of benefit-in-kind, or for the benefit of employees.
Insurance Premiums Medical Insurance SME Businesses Capital Business Costs
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