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Lower EPF Contribution For Foreign Workers Reduces Overall Wage Expenditure

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Feb 5 (Bernama) -- The government’s decision to set the Employees Provident Fund (EPF) contribution rate for foreign workers at two per cent — lower than the initially proposed 12 per cent — helps employers reduce overall wage expenditure.

Revised Two Pct EPF Contribution For Foreign Workers A Fair Move - ACCCIM

KUALA LUMPUR, Feb 4 (Bernama) -- The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) views the government’s proposed revision to set employers’ Employees Provident Fund (EPF) contributions at two per cent for non-Malaysian workers as reasonable.

Malaysia Remains Committed To Being An Open Economy Amid US Policy Changes - Mohamad

KUALA LUMPUR, Feb 4 (Bernama) -- The government has reaffirmed its commitment to maintain Malaysia as an open economy that relies on international trade and is taking strategic steps to reconcile the country's interest with policy changes under the new United States (US) administration.

Govt’s Two Pct Contribution For Foreign Workers Balances Welfare And Business -- FMM

KUALA LUMPUR, Feb 3 (Bernama) -- The government's proposal to implement a mandatory Employees Provident Fund (EPF) contribution rate of two per cent for foreign workers from the initially proposed 12 per cent reflects an effort to balance worker welfare and business sustainability, said the Federation of Malaysian Manufacturers (FMM).

Govt Proposes Mandatory Two Pct EPF Contribution For Foreign Workers - PM Anwar

KUALA LUMPUR, Feb 3 -- The government has proposed to implement a mandatory two per cent Employees Provident Fund (EPF) contribution rate on foreign workers, said Prime Minister Datuk Seri Anwar Ibrahim.

Malaysia The Gateway Into Southeast Asian Market - Tengku Zafrul

KUALA LUMPUR, Jan 19 (Bernama) -- Malaysia is the perfect gateway into Southeast Asia, especially with the participation of the United Kingdom (UK) in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) of which Malaysia is also a member.

Malaysia Strengthens Its Position As Leading Foreign Investment Destination - Fahmi

PUTRAJAYA, Jan 15 (Bernama) – Malaysia continues to strengthen its position as a leading foreign investment destination even as the Abu Dhabi Investment Authority (ADIA) expresses its commitment to increase investments in Malaysia, said Communications Minister Fahmi Fadzil.

MY-UAE CEPA Will Also Focus On Developing The Islamic Economy

ABU DHABI, Jan 15 (Bernama) -- The Malaysia-UAE Comprehensive Economic Partnership Agreement (MY-UAE CEPA) signed by Malaysia and the United Arab Emirates (UAE) on Tuesday (Jan 14) will also focus on efforts to develop the Islamic economy.

Govt To Lease More Rolling Stocks To Boost Perlis-JB Rail Capacity to 50 Pct - Rafizi

KUALA LUMPUR, Jan 9 (Bernama) -- The government will lease more rolling stocks for the Padang Besar, Perlis, to Johor Bahru train services to boost current rail capacity to 50 per cent by 2030, said Economy Minister Rafizi Ramli.

MRL, CCCECRL Jointly Operate And Maintain ECRL Project

PUTRAJAYA, Dec 18 (Bernama) -- Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction (ECRL) Sdn Bhd (CCCECRL) today created an operating company (OpCo) with a 50:50 interest ratio for the purpose of operating and maintaining the East Coast Rail Link (ECRL) project.

Key Projects Make Rapid Progress, Changing Malaysia’s Transportation Landscape

KUALA LUMPUR, Dec 18 (Bernama) – Malaysia’s infrastructure landscape is undergoing significant changes, with major transportation projects driving greater connectivity and growth while transforming the skyline of cities and townships in an unprecedented manner.

JS-SEZ Draft Agreement: Review In Final Stage, To Be Finalised By Next Month - Rafizi

KUALA LUMPUR, Nov 28 (Bernama) -- The review of the Johor-Singapore Special Economic Zone (JS-SEZ) draft agreement between the Malaysian and Singaporean governments is in the final stage and is expected to be finalised by December, said the Ministry of Economy.