Article Related To epf-withdrawals

In addition to his call for no further withdrawals, Anwar has also proposed that the EPF increase its domestic investments to 70% of its total investments, up from 64% last year.

Amirudin said the remaining savings of contributors are becoming more worrying following several special withdrawal initiatives.

Anwar said the people had already been allowed to make several EPF withdrawals before, which caused their retirement amount to decline.

Previous withdrawals have already left millions without pension savings, forcing them to work beyond retirement.

PM Anwar said the government will have to consider the plight and the future of EPF contributors before they are allowed another round of special withdrawals.

EPF withdrawals, at a time when the people are facing uncertainties caused by the COVID-19 pandemic, must be considered a dire and emergency need, UMNO youth chief Datuk Dr Asyraf Wajdi Dusuki said.

A rule of thumb every employed person should abide by is not to touch his or her retirement fund, no matter what happens.

The negative impact from portfolio balancing by the EPF due to withdrawals by its members has caused the borrowing cost of the government to increase due to added interest payments.

EPF withdrawals should not be made too easy as it is a form of savings for the contributors' future, said Opposition Leader Datuk Seri Anwar Ibrahim.

Mohd Shahar denied that the withdrawals had a negative impact on investments in the Malaysian Government Securities.

For the B40 households and informal sector workers, measures to safeguard people's savings also need to be considered.

Ahmad Fadhli Shaari (PAS-Pasir Mas) said this was because the two items were matters of policy and could be announced by the government at any time.

Some employees are still affected by salary cuts, dismissed, cannot get a better job and they need help.

Almost 200 residents from 60 homes in Kampung Tanjung Kala have ended up stuck when their 200-metre (m) long concrete bridge flooded.

The draft finance deal criticised by both developed and developing nations.

This was following the discovery of a suspected prohibited item in luggage.

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.

The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.

The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.