AmInvestment forecasts RM1.7b boost to Malaysia’s equity market from non-citizen employees’ EPF contributions
The report states that the proposed EPF contribution rate for non-citizen employees with a new contract of employment is 11 per cent for employees and 12-13 per cent for employers, depending on salary compensation. “This assumes annual inflows to equities of RM30-40 billion and that the domestic equity market share is maintained at 57 per cent ,” it said.
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