PETALING JAYA: The government's proposal to reduce the Employees Provident Fund (EPF) contribution from 12% to 2% for foreign workers is reasonable, says the Associated Chinese Chambers of Commerce and Industry (ACCIM).
It addresses the high operating costs and the tough business environment.
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- PM: Foreign workers’ EPF set at 2%
- Employers welcome 2% EPF rate for foreign workers as economic relief
- Keep foreign workers' EPF rate at 2% for reasonable period, urges FMM
- Mandatory EPF contributions for foreign workers capped at 2%, says Sim
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