Former Finance Minister Says Mandatory EPF Contribution For Foreign Workers Unreasonable
THE Federal Government’s recent Budget 2025 announcement, mandating businesses to contribute to the Employees’ Provident Fund (EPF) for their existing foreign workers, is unreasonable, says former Finance Minister and Member of Parliament from the Unity Government Lim Guan Eng. The new requirement will start at a 2% contribution rate, eventually increasing to 11% for employees […]