Palm oil industry urges govt to reconsider mandatory EPF contribution for foreign workers


PETALING JAYA: The government should reconsider its decision to mandate a 2% Employees Provident Fund (EPF) contribution for foreign workers, say palm oil industry players.

The group of 13 business associations affiliated with the palm oil supply chain said that while the 2% contribution may seem minimal, with an estimated 336,500 foreign workers employed in the plantation sector, the industry would collectively bear an additional cost of approximately RM137mil annually.

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