Author Topic: SOCSO AND KWSP MERGING GOOD FOR MALAYSIA AND CAPITAL MARKET  (Read 194 times)

Offline andromeda

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SOCSO AND KWSP MERGING GOOD FOR MALAYSIA AND CAPITAL MARKET
« on: October 23, 2019, 10:03:32 AM »


https://themalaysianreserve.com/2019/10/21/epf-socso-merger-on-the-cards/


SOCSO AND KWSP TO MERGE TO REDUCE HUGE ADMINISTRATIVE COST WHERE BOUGHT AGENCIES ARE DOING THE SAME TASK. THE COST OF ADMINISTRATION CAN SAVE UP TO BILLIONS. MERGING BOTH ORGANIZATION CAN ALSO REDUCE DUPLICATION OF BENEFITS GIVEN TO WORKERS WHEREBY SAVING MALAYSIA CONTRIBUTORS TAXPAYER MONEY UP TO BILLIONS OF RINGGIT.

A SINGLE MERGE ENTITY CAN GIVE BETTER BENEFITS TO WORKERS AFTER REDUCING HUGE PUBLIC WASTAGE AND TO ENHANCE EFFICIENCY OF SERVICES.