Exempt employers from contributing to EPF, Socso for 6 months - NGOs

CORONAVIRUS | The government has been told to exempt the employers from contributing to the Employees Provident Fund (EPF) and Social Security Organisation (Socso) for six months.

These were among the proposals suggested by the Malay Chambers of Commerce Malaysia (DPMM) and Malay Economic Action Council (MTEM) ahead of Putrajaya's announcement by the end of March of a second stimulus package to contain the economic fallout due to Covid-19 pandemic.

The NGOs believed this would ease the burden of the business community, especially the small and medium enterprise which comprises 70 percent of the businesses in the country.

In a joint statement, DPMM president Abd Halim Husin and MTEM CEO Ahmad Yazid Othman (above) said they wish the government would announce a more comprehensive stimulus package...