Budget 2025: ‘Minimum wage increase, EPF contribution for foreign workers will threaten survival of SMEs in Malaysia’

LocalPolitics
22 Oct 2024 • 7:22 PM MYT
Twentytwo13
Twentytwo13

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Small and Medium Enterprises (SME) Association of Malaysia president Chin Chee Seong expresses grave concerns over the proposed wage increase and mandatory Employee Provident Fund (EPF) contributions announced in Budget 2025. Chin urges policymakers to consult stakeholders to ensure future policies align with the realities on the ground.