Gig workers bill aims to make PERKESO contribution for gig workers compulsory, says Sim

KUALA LUMPUR: The Human Resources Ministry will work to ensure the Gig Workers Bill is passed and enforced soon to make it mandatory for gig workers to contribute to the Social Security Organisation (PERKESO). Human Resources Minister Steven Sim said currently, only 26% of Malaysia's 1.16 million gig workers contribute to the Self-Employment Social Security Scheme...

Experts: Regular savings more important to grow your EPF

PETALING JAYA: Even a small voluntary contribution into the Employees Provident Fund (EPF) can snowball over time and workers in the informal sectors should not miss out, say financial experts. The power of “compound interest”, they pointed out, would increase even with the minimum RM10 contribution to EPF. ALSO READ: EPF continues to be flexible for long-term gains When...