Minimum EPF contribution by employees to be reduced by 4% from 11% to 7%, with effect from Apr 1 to Dec 31, 2020. This will potentially unlock up to RM10 billion worth of private consumption. Malaysian workers have the option to opt out from the scheme and maintain...
The document underlines the importance of having a balanced ecosystem at work so that no worker feels exploited or demotivated in terms of their wages. The act aims to ascertain the correct and corresponding wages for all employees irrespective of the gender; thereby, ensuring a social balance as...
IB Corp SB: Payroll Package Scheme for Salaried Class Account for employees of corporate firms. Following are the features of the account: Initial Deposit: Nil Average Monthly Minimum Balance: Nil Withdrawals: Unlimited withdrawals. However, there is a withdrawal limit of INR 50,000 per day. Ove...