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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
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
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
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
Govt always considers proposals and solutions to lessen the burden of the people - Tengku Zafrul

Govt always considers proposals and solutions to lessen the burden of the people - Tengku Zafrul

The government is always considering all proposals and solutions to ease the burden of the people, especially during the National Recovery Plan, said Finance Minister Tengku Zafrul Abdul Aziz.
Fri Jun 25 2021
RM19.45 bln, RM52.48 bln withdrawals from i-Lestari and i-Sinar approved - Tengku Zafrul

RM19.45 bln, RM52.48 bln withdrawals from i-Lestari and i-Sinar approved - Tengku Zafrul

Up till March 14 this year, i-Sinar withdrawals of RM52.48 billion have been approved for 5.94 million applicants.
Wed Mar 24 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"We find that many members' savings have decreased, we believe about 30 per cent of them have withdrawn almost all of their retirement money in Account 1."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
RM18.1 bln i-Lestari withdrawal to date - EPF

RM18.1 bln i-Lestari withdrawal to date - EPF

It stepped in to help members and employers cope with cash flow issues following the Movement Control Order from March 18 to May 12, 2020.
Sat Feb 27 2021
Cyclist Harrif Saleh carving path as entrepreneur

Cyclist Harrif Saleh carving path as entrepreneur

His initial plan was to produce only 100 bottles a month but the number had to be increased to 1,000 due to overwhelming response.
Sun Feb 07 2021
EPF members can withdraw up to RM60,000: Are you eligible?

EPF members can withdraw up to RM60,000: Are you eligible?

i- Sinar is an extension of the i-Lestari withdrawal facility that will end in March 2021.
Tue Nov 17 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
MTUC proposes six-month extension of moratorium to B40, M40

MTUC proposes six-month extension of moratorium to B40, M40

MTUC also proposes that the government fund the two per cent gap for the EPF members continuously for a period of 12 months.
Mon Nov 09 2020
Wait for 2021 Budget, may not be necessary to withdraw EPF money - PM

Wait for 2021 Budget, may not be necessary to withdraw EPF money - PM

Muhyiddin acknowledged the need to balance short-term needs of individuals affected with the long-term future and retirement savings needs.
Wed Nov 04 2020
Please don't let go of hard-earned savings easily

Please don't let go of hard-earned savings easily

Retirement savings is a longer-term safety net that should not be eroded due to what could be a temporary problem, albeit a serious one.
Tue Nov 03 2020
3.5 million EPF contributors getting i-Lestari money

3.5 million EPF contributors getting i-Lestari money

The Employees Provident Fund (EPF) has approved withdrawals from Account 2 totalling RM1.66 billion by 3.5 million contributors under the i-Lestari initiative launched last month.
Sat May 09 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