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EPF pays out RM708 mln to govt additional contribution incentive to 1.4 mln members

EPF pays out RM708 mln to govt additional contribution incentive to 1.4 mln members

According to EPF, the incentive was allocated to individuals with EPF savings of RM10,000 and below in their Account 1 as of Feb 24, 2023.
Wed Jan 10 2024
Consideration on EPF withdrawal should focus on long-term needs - Economist

Consideration on EPF withdrawal should focus on long-term needs - Economist

The consideration on not to allow the withdrawal of RM10,000 from the EPF account 1 to be used by the people facing the COVID-19 endemic is not a matter of whether the government can afford it.
Tue Nov 02 2021
EPF: i-Citra designed for members to withdraw from Account 2 first

EPF: i-Citra designed for members to withdraw from Account 2 first

Amir Hamzah said if the amount in Account 2 is inadequate, then we will allow depositors to access Account 1.
Thu Jul 01 2021
'Leaving just RM100' - 30 per cent of EPF members withdraw almost all of Account 1 savings

'Leaving just RM100' - 30 per cent of EPF members withdraw almost all of Account 1 savings

"We find that many members' savings have decreased, we believe about 30 per cent of them have withdrawn almost all of their retirement money in Account 1."
Sat Feb 27 2021
EPF simplifies i-Sinar approval beginning March 8

EPF simplifies i-Sinar approval beginning March 8

EPF said the approval includes new applications received after that date, subject to their available Account 1 balance.
Thu Feb 18 2021
EPF contributors must beware of scam activities - Tengku Zafrul

EPF contributors must beware of scam activities - Tengku Zafrul

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today urged Employees Provident Fund (EPF) contributors to beware of scam activities and always protect their personal information.
Wed Dec 16 2020
EPF offers further details on i-Sinar in response to media query

EPF offers further details on i-Sinar in response to media query

The Employees' Provident Fund (EPF), in response to media query, provided the following information on the i-Sinar withdrawal facility.
Sat Dec 05 2020
EPF to announce details of i-Sinar programme Wednesday - Tengku Zafrul

EPF to announce details of i-Sinar programme Wednesday - Tengku Zafrul

The confusion over the process of withdrawal from Account 1 of the Employees Provident Fund (EPF) under the i-Sinar programme is expected to be cleared next Wednesday (Dec 2).
Sat Nov 28 2020
Not an easy decision to expand i-Sinar scheme - Johan

Not an easy decision to expand i-Sinar scheme - Johan

The agreement to extend the withdrawal of the i-Sinar scheme from Account 1 of the Employees Provident Fund (EPF) to all members whose income is affected was not an easy decision.
Fri Nov 27 2020
Govt focused on COVID-19 and its effects in drafting Budget 2021

Govt focused on COVID-19 and its effects in drafting Budget 2021

Under the i-Sinar programme, eligible EPF members can apply for an advance payment from their Account 1 starting next month.
Fri Nov 20 2020
EPF's i-Sinar a stop-gap measure for unprecedented times - Analyst

EPF's i-Sinar a stop-gap measure for unprecedented times - Analyst

Replenishing Account 1 would be a good measure once the individuals have recovered their earning ability and resume their EPF contribution.
Tue Nov 17 2020
Two million affected EPF members will have access to i-Sinar - EPF CEO

Two million affected EPF members will have access to i-Sinar - EPF CEO

The Employees Provident Fund (EPF) expects the i-Sinar facility to benefit 2 million eligible members with an estimated advance amount of RM14 billion to be made available.
Mon Nov 16 2020
EPF to announce Account 1 withdrawal details on Nov 18

EPF to announce Account 1 withdrawal details on Nov 18

The Employees Provident Fund (EPF) will announce the details of access to the members' Account 1 facility, known as i-Sinar, on Nov 18, 2020 (Wednesday).
Sat Nov 14 2020
Government willing to expand EPF Account 1 withdrawal eligibility - Finance Minister

Government willing to expand EPF Account 1 withdrawal eligibility - Finance Minister

The government is willing to expand the eligibility of contributors for withdrawals from Account 1 of the Employees Provident Fund (EPF).
Sat Nov 14 2020
Tengku Zafrul wants EPF to be flexible in allowing withdrawals from account 1

Tengku Zafrul wants EPF to be flexible in allowing withdrawals from account 1

Tengku Datuk Seri Zafrul has advised the EPF management to allow more contributors to allow more contributors to withdraw from Account 1.
Sun Nov 08 2020
ISIS Malaysia's perspective of Budget 2025

ISIS Malaysia's perspective of Budget 2025

An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Fri Oct 18 2024
Budget 2025: Record increase in STR, SARA aid initiatives

Budget 2025: Record increase in STR, SARA aid initiatives

The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Fri Oct 18 2024
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
Fri Oct 18 2024
What policies to expect from Indonesia's new President Prabowo

What policies to expect from Indonesia's new President Prabowo

Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Fri Oct 18 2024
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Fri Oct 18 2024
Israel sends more troops into north Gaza, deepens raid

Israel sends more troops into north Gaza, deepens raid

Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Fri Oct 18 2024
Indonesia ramps up security ahead of Prabowo's inauguration

Indonesia ramps up security ahead of Prabowo's inauguration

Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Fri Oct 18 2024
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
NFOF will be operational in November 2024 with funding of RM1 bil

NFOF will be operational in November 2024 with funding of RM1 bil

PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Fri Oct 18 2024