By Luqman Amin / theedgemalaysia.com 07 Nov 2024, 02:41 pm KUALA LUMPUR (Nov 7): A group of 14 Malaysian plantation organisations have jointly urged the government to reconsider the upcoming mandatory Employees Provident Fund (EPF) contribution for foreign workers, stating that the policy could overburden planters and potentially contradict the EPF Act. The ...
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KUALA LUMPUR: A total of 14 palm oil industry associations have called on the government to reconsider the government’s 2025 Budget proposal to mandate Employees’ Provident Fund (EPF) contributions for foreign workers, warning of severe cost pressure. The associations include Malaysian Palm Oil Association (MPOA), Malaysian Estate Owners’ Association (MEOA), ...
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PETALING JAYA: Just when Malaysians are getting used to the strengthening trend of the ringgit against the US dollar in recent times, October so far seems to suggest the greenback is regaining some of its strength. From a close of RM4.1190 to the dollar on Sept 30, the greenback has ...
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PETALING JAYA: While Budget 2025 introduced several key measures aimed at fostering economic growth and social equity, its implications on the labour-intensive sectors like plantations, particularly the palm oil industry, are raising concerns about the rising cost implications they face. Among industry representatives who spoke to StarBiz, there’s growing concern ...
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KUALA LUMPUR (Oct 19): The upward adjustment to the windfall profit levy (WPL) threshold for crude palm oil (CPO) announced in Budget 2025 “does not address the financial burdens” posed by the mechanism, the Malaysian Palm Oil Association (MPOA) said. The industry association had called for WPL to be imposed ...
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KUALA LUMPUR (Oct 5): Although the palm oil sector has been the backbone of the Malaysian economy for over five decades, in recent years it has been beset by a myriad of problems, from rising production costs to stagnating yields to labour shortages. Against this backdrop, the industry has been ...
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