MEF urges Govt to review certain policies to cut costs

PETALING JAYA: The Malaysian Employers Federation (MEF) is urging the Government to review certain policies to help bring down costs for employers and reduce the need to lay off workers amidst an economic slowdown.

They include temporarily allowing employers to reduce contribution to the Employees Provident Fund (EPF) by 1% to 2% from the current 13%, and reduce the Human Resource Development Fund contribution from 1% to 0.5%.