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EPF special withdrawals totalling RM101 bln benefit 7.34 mln members - MOF

EPF special withdrawals totalling RM101 bln benefit 7.34 mln members - MOF

Three special withdrawals from the EPF, namely i-Lestari, i-Sinar and i-Citra have benefitted 7.34 million members or 58 pct of 12.6 million members under 55 years old.
Thu Mar 03 2022
i-Citra: Najib pushes for withdrawals; Tajuddin calls for Cabinet decision to be respected

i-Citra: Najib pushes for withdrawals; Tajuddin calls for Cabinet decision to be respected

A government MP today said that the Cabinet's decision to not allow withdrawals from the EPF's i-Citra scheme should be respected for the benefit of people's welfare.
Wed Mar 02 2022
EPF i-Citra withdrawal not best solution for contributors when disaster strikes - Expert

EPF i-Citra withdrawal not best solution for contributors when disaster strikes - Expert

Ahmed Razman said this withdrawal would only reduce their EPF savings for old age.
Sun Jan 09 2022
Govt should not allow further withdrawal from EPF, retirement saving is vital - MEF

Govt should not allow further withdrawal from EPF, retirement saving is vital - MEF

The MEF said there should not be any more withdrawal schemes from the EPF savings prior to its members reaching their retirement age of 60 to ensure they have adequate savings.
Wed Dec 15 2021
Low EPF savings among the young adults and middle-aged  possible cause of bankruptcy?

Low EPF savings among the young adults and middle-aged possible cause of bankruptcy?

Tough measures are needed to deal with the low savings issue that may then morph into a possible bankruptcy crisis.
Fri Nov 26 2021
EPF withdrawals of RM101 bln will not affect domestic financial markets - Mohd Shahar

EPF withdrawals of RM101 bln will not affect domestic financial markets - Mohd Shahar

Mohd Shahar denied that the withdrawals had a negative impact on investments in the Malaysian Government Securities.
Wed Nov 24 2021
Najib proposes maximum withdrawal for EPF i-Citra to be raised to RM10,000

Najib proposes maximum withdrawal for EPF i-Citra to be raised to RM10,000

The government has been urged to raise the maximum withdrawal for the Employees Provident Fund (EPF) i-Citra facility to RM10,000.
Mon Nov 01 2021
EPF to focus on rebuilding members savings following withdrawal facilities

EPF to focus on rebuilding members savings following withdrawal facilities

The withdrawal facilities were exceptional in nature and were introduced when the pandemic had severely impacted the local economy.
Mon Nov 01 2021
i-Sinar and i-Citra not heavily impacting EPF investment at the moment

i-Sinar and i-Citra not heavily impacting EPF investment at the moment

Nurhisham Hussein said the fund has a plan in terms of managing the liquidity as well as the cashflow of EPF.
Fri Aug 06 2021
EPF i-Citra withdrawal application starts July 12

EPF i-Citra withdrawal application starts July 12

According to the EPF, the first payment is expected to be credited into the respective member bank accounts in August 2021.
Sun Jul 11 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
i-Sinar withdrawal  a case of desperate times calling for desperate measures now and also in the future?

i-Sinar withdrawal a case of desperate times calling for desperate measures now and also in the future?

The government should tread carefully, nonetheless.
Tue Jun 29 2021
Armada ready to mobilise machinery to ensure Pemulih initiatives reach target groups

Armada ready to mobilise machinery to ensure Pemulih initiatives reach target groups

Armada says all the initiatives under PEMULIH were vital to drive the country's economic recovery when the economy opened up gradually.
Tue Jun 29 2021
EPF introduces i-Citra withdrawal facility to help affected members

EPF introduces i-Citra withdrawal facility to help affected members

EPF's i-Citra, the latest withdrawal facility to help its members tide over the impact of the MCO in the short term, will open its application starting July 15.
Mon Jun 28 2021
EPF to introduce i-Citra to ease members' financial burden - PM

EPF to introduce i-Citra to ease members' financial burden - PM

Muhyiddin has announced that the EPF will introduce i-Citra, a new facility aimed at easing the financial burden of the fund's members due to the impact of the MCO.
Mon Jun 28 2021
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