Make Epf Contribution For Informal Workers Mandatory Says World Bank


 
World Bank country manager for Malaysia Yasuhiko Matsuda said the government should formulate policies that can ensure informal workers feel secure and well-protected. (Bernama pic)KUALA LUMPUR: The government should make automatic contributions to retirement savings mandatory for informal workers on income earned via digital platforms, says the World Bank.
“Informal workers are vulnerable, which hinders their ability to invest further in skills enhancement or take risks in starting new businesses.
“Therefore, the government should formulate policies that can ensure these people feel secure and well-protected in case of accidents or business failures, enabling them to continue engaging in the labour market,” World Bank country manager for Malaysia Yasuhiko Matsuda said.
He was speaking at the launch of the bank’s report, Informal Employment in Malaysia: Trends, Challenges and Opportunities for Reform.
He said tracking earnings is more manageable in today’s digital landscape compared with the past, when transactions were primarily cash-based.
The World Bank defines informal workers as people who are in occupations not covered by formal pensions, retirement savings, such as EPF, or employment injury insurance like the Social Security Organisation (Socso).
The report highlighted that informal workers, lacking adequate security and protection, often resort to reducing food consumption and borrowing money as coping mechanisms when faced with a sudden financial problem.
In contrast, the report said, formal workers are more inclined to rely on other means, such as borrowings from banks, personal savings, retirement funds or other pension savings.
Matsuda said some informal jobs are highly productive, including those in the gig economy, which was valued at RM1.33 billion in the third quarter of 2023.
Other suggestions in the report include establishing a convening body to bring stakeholders in informal employment together, providing skills training, and mandating digital platforms to provide work-related insurance (via Socso) for high-risk occupations, to safeguard informal workers.
Economy deputy secretary-general Zunika Mohamed, who attended the launch, said the ministry will look into the World Bank’s suggestions ahead of the 13th Malaysia Plan.
“Improving the welfare of informal workers will continue to be one of the priorities for the government as highlighted in the mid-term review of the 12th Malaysia Plan,” she said. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2024/02/make-epf-contribution-for-informal.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Find The Funds For 70 District Medical Scheme Says Syed Saddiq

Find The Funds For 70 District Medical Scheme Says Syed Saddiq

papar berkaitan - pada 4/3/2024 - jumlah : 213 hits
Under the Madani medical scheme the B40 lower income group could seek treatment at private clinics at subsidised rates PETALING JAYA The government should find the budget to ensure the Madani medical scheme is available in 70 districts acro...
Construction Company Blacklisted For Abandoning Bangladeshi Workers In Cheras

Construction Company Blacklisted For Abandoning Bangladeshi Workers In Cheras

papar berkaitan - pada 26/2/2024 - jumlah : 267 hits
Home Minister Datuk Seri Saifuddin Nasution revealed that investigations uncovered the abandonment of these workers left without employment or adequate accommodation by their employers NSTP MOHD FADLI HAMZAHKUALA LUMPUR A construction compa...
Too Early To Celebrate Record Approved Investments For 2023 Says Pkr Mp

Too Early To Celebrate Record Approved Investments For 2023 Says Pkr Mp

papar berkaitan - pada 24/2/2024 - jumlah : 197 hits
Petaling Jaya MP Lee Chean Chung says the foreign investments have yet to be fully realised A PKR MP has cautioned against prematurely celebrating Prime Minister Anwar Ibrahim s announcement of the record approved investment of RM329 5 bill...
Amid Claims Of Irregular Procedure Lawyer Says No Need For Putrajaya To Intervene In Kelantan Constitutional Challenge

Amid Claims Of Irregular Procedure Lawyer Says No Need For Putrajaya To Intervene In Kelantan Constitutional Challenge

papar berkaitan - pada 13/2/2024 - jumlah : 166 hits
The lawyer for Nik Elin Zurina Nik Abdul Rashid and her daughter Tengku Yasmin Natasha Tengku Abdul Rahman has denied any procedural irregularity in challenging Kelantan shariah enactment saying that including the federal government as a re...
No Need For Bersatu 6 To Vacate Seats Says Dewan Rakyat Speaker

No Need For Bersatu 6 To Vacate Seats Says Dewan Rakyat Speaker

papar berkaitan - pada 19/2/2024 - jumlah : 297 hits
Speaker Johari Abdul said the fact that six Bersatu MPs declared their support for Prime Minister Anwar Ibrahim s leadership doesn t mean anything to me KUALA LUMPUR The six Bersatu MPs backing the government need not vacate their seats so ...
Malaysia Important In Fighting For Palestinian Cause Says S African Envoy

Malaysia Important In Fighting For Palestinian Cause Says S African Envoy

papar berkaitan - pada 20/2/2024 - jumlah : 158 hits
South Africa s high commissioner to Malaysia David E Malcomson said he knows Malaysia will be consistent in its stand on Palestine PETALING JAYA South Africa regards Malaysia as a key ally in advocating Palestinian rights and self determina...
As Rally Ends Bersih Says More To Come In Push For Reforms

As Rally Ends Bersih Says More To Come In Push For Reforms

papar berkaitan - pada 28/2/2024 - jumlah : 141 hits
PAS information chief Ahmad Fadhli Shaari meanwhile says something must be wrong with the government if Bersih is rallying against it As Bersih s rally outside Parliament here ended this morning its chairman Faisal Abdul Aziz said it was th...
Epf Likely To Declare Dividends Of Up To 5 6 For 2023

Epf Likely To Declare Dividends Of Up To 5 6 For 2023

papar berkaitan - pada 28/2/2024 - jumlah : 201 hits
The EPF is likely to give a bigger payout this year thanks to the good performance of its overseas investments PETALING JAYA The 16 million contributors to the Employees Provident Fund may well have cause to celebrate this year A source tol...
Opposition Equally To Blame For Depreciating Ringgit Says Ex Minister

Opposition Equally To Blame For Depreciating Ringgit Says Ex Minister

papar berkaitan - pada 23/2/2024 - jumlah : 225 hits
The opposition is equally to blame for the falling ringgit value and the current state of the economy said Salleh Said Keruak According to the former minister from BN this was because the opposition was constantly talking about toppling the...
Anwar Slams Hypocritical Criticism Over His Response To Najib S Apology

A Sucker Punch For Rm1 000 What S The Value Of Dignity In Malaysia

Makan Malam Tiga Beranak Di Adam Kitchen

Rakyat Malaysia Jadi Tentera Upahan Di Ukraine Dipercayai Masih Hidup Kpn

Tan Sri Vincent Tan Dan U Mobile

Empat Sekawan Dipenjara Tiga Tahun Culik Budak Perempuan

Pengalaman Anak Kena Prolonged Jaundice

Keluar Sekejap Kerugian Fashionvalet Kartel Nafas Rangkaian Kedua 5g Buli Upnm


echo '';
Biodata Terkini Penyanyi Illa Sabry Peserta Gegar Vaganza 2024 Musim 11 GV11

Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council


30 Lagu Bakal Berentap Dalam Muzik Muzik 39 Separuh Akhir Siapa Akan Mara Ke Ajl 39

Celebrity Legs And Feet In Tights Variety Pack 143

Cucur Sayur

Kedah Jheaik Siasat Tok Kadi Buli Pengantin

Seorang Wanita Tergamak Penggal Kepala 2 Anak

Anwar Selar Kritikan Hipokrit Atas Respons Mohon Maaf Najib