Employees and MSMEs will suffer with insurance premium hikes, says MEF

PETALING JAYA: A proposed surge in insurance premiums could severely impact businesses, particularly micro, small and medium-sized enterprises (MSMEs), says the Malaysian Employers Federation (MEF). Its president Datuk Dr Syed Hussain Syed Husman said any cost increase could greatly strain working capital, hinder cash flows, and discourage crucial investments in digitalisation, tech adoption and operational expansions. "Such...

Malaysia a magnet for expats

PETALING JAYA: Malaysia has become a magnet for skilled foreign professionals, with the number of expatriates entering the country surpassing pre-pandemic levels. According to the Immigration Department’s data, a total of 154,155 expatriate passes were issued last year – the highest since 2018. As of March, the department has issued a total of 38,197 passes – compared...