SMEs, manufacturers see red over proposal for higher EPF contribution
The SME Association of Malaysia says businesses will suffer with any increase in employers' EPF contributions. – The Malaysian Insight file pic, May 3, 2023.
INCREASING employers’ Employees Provident Fund contribution could negatively impact businesses and the economy, industry players said. They said the proposal for the increase, which came from the Union Network International-Malaysia Labour Centre , would lead to substantial burdens for employers, especially those of small and medium enterprises .
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