This is a win-win solution for all. The losers here are actually Chinamen companies that are a bigger traitors to the country's economy.

1. More money for EPF. After several withdrawals EPF needs to replenish from the time being and considering that there are at least 3 mil foreigners, it's basically a large pool of money EPF can tap to.
2. Our ringgit becomes stronger. No joke, but banglas earning 4-5k a month from overtime/under the table money and remittance to their own country means that our ringgit is weakening as there are more outflows than inflows. By ensuring that EPF is mandatory, a decent sum of money shall be kept within the country instead of flying off to another country.
3. Less low skill foreign worker. The EPF alone made sure that it's cheaper to hire locals than foreigners and its more harder to run than LHDN. It means it is far harder to pay in cash unless you're an illegal worker.