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FMM shocked by govt’s move to deduct EPF for migrant workers

FMM In The News: FMT, PETALING JAYA,  October 21, 2024 -  
The Federation of Malaysian Manufacturers (FMM) has expressed disappointment over the government’s 
unexpected
 announcement that all foreign workers would be required to contribute to EPF from 2025.  

FMM president Soh Thian Lai said it was caught off guard by the announcement when the 2025 budget was tabled last Friday, saying the government did not engage stakeholders prior to this.  

Soh also lamented the lack of clarity on the plan, saying this has caused great concern within the business community.

“Industry players feel disappointed and sidelined, as they were not given the opportunity to provide input or voice their concerns on the potential impact of such a policy on business operations, costs and workforce management.  

“Its implementation should be delayed, preferably for another two years, to allow sufficient time for comprehensive stakeholder consultations and for businesses to adjust to the impending financial commitments.