PETALING JAYA: The extra money employees receive with the three percentage point reduction to their Employees Provident Fund (EPF) contribution is a welcome move, say economists.
Chief economist at Alliance Bank Manokaran Mottain said the main objective of the revised Budget 2016 was to spur growth.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
Related stories:
- Welcome news for SMEs and startups
- Ali: Civil servants should raise productivity
- Liow: Government will help tourism industry to thrive
- China tourism industry players welcome visa-free policy
- Scholarships for top 20 in SPM
- EPF contributions can stay at 11%
- GDP growth revised down slightly
- PM: Revised budget to ensure growth
- Bursary recipients in tears after budget revision
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Thank you for your report!
