GEORGE TOWN: The implementation of a 2% Employees Provident Fund (EPF) contribution rate for both employers and non-citizen employees is a fair and balanced step aimed at ensuring social justice while maintaining Malaysia's international reputation, Human Resources Minister Steven Sim says.
He said the move, which came into effect last month, is in line with international labour standards, including those set by the International Labour Organization (ILO), and is essential to upholding Malaysia's credibility in the global market.
