KUALA LUMPUR, May 3 — The Small and Medium Enterprises Association of Malaysia (Samenta) has urged the government to reject demands to increase employers’ EPF contributions in...
KUALA LUMPUR, May 3 — The Small and Medium Enterprises Association of Malaysia has urged the government to reject demands to increase employers’ EPF contributions in a statement released today.
“We urge the Cabinet to reject this opportunistic demand by that fringe workers group, and instead focus on creating higher value jobs for Malaysians and helping Malaysian businesses and workers to be more productive,” he said. “A responsible government cannot keep being held hostage by opportunistic groups, and our businesses must not partake in this ‘give and take’ approach every time a non-sensical proposal is fielded,” he said.
“We must remember that our SMEs have had to endure two rounds of increment in minimum wages since 2020, despite Covid-19, despite a severe dip in our GDP and despite a drop in labour productivity.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FMM group not in favour of proposed increase in EPF contributionsPETALING JAYA: Mandating all employers to provide a higher Employees Provident Fund (EPF) contribution rate will be detrimental, especially for small and medium enterprises (SMEs) that make up 97% of businesses, say business owners.
Read more »
Cabinet to discuss increasing employers’ EPF contribution, says PMThere have been calls by various unions to boost employees’ retirement savings.
Read more »
Cabinet will discuss increasing employers’ EPF contribution, says PM AnwarPUTRAJAYA, May 1 — Prime Minister Datuk Seri Anwar Ibrahim today said that the Cabinet will discuss a proposal to increase employers’ contribution to the Employees Provident...
Read more »
Cabinet to discuss increasing employers’ EPF contribution, says PM | The Malaysian InsightThis follows calls by groups to bolster workers’ retirement savings.
Read more »
Calls for employers to contribute 20% to employees' EPF will be discussed, says PMPUTRAJAYA: Calls by workers for employers to contribute 20% towards the Employees Provident Fund (EPF) will be discussed, says Datuk Seri Anwar Ibrahim.
Read more »