The implementation of minimum wage and Employees Provident Fund (EPF) contributions for foreign workers can help reduce the government’s financial burden in the long run, Glomac Bhd Group managing director and chief executive officer Datuk Seri Fateh Iskandar Mohamed Mansor said.

Foreign Workers’ Minimum Wage and EPF Contributions Could Ease Government’s Financial Burden: Glomac MD

In response to Budget 2025 after the company’s 40th annual general meeting today, Fateh Iskandar told the media that the rationale behind the government’s decisions is that similar policies are also being implemented in other countries.

“But we were hoping for more lead time. For example, starting this in 2026 would have given us time to prepare, rather than introducing it in the next two or three months,“ Fateh Iskandar said.