i-lestari

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.

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.

The withdrawal facilities were exceptional in nature and were introduced when the pandemic had severely impacted the local economy.

Amir Hamzah said if the amount in Account 2 is inadequate, then we will allow depositors to access Account 1.

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.

Up till March 14 this year, i-Sinar withdrawals of RM52.48 billion have been approved for 5.94 million applicants.

"We find that many members' savings have decreased, we believe about 30 per cent of them have withdrawn almost all of their retirement money in Account 1."

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.

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.

i- Sinar is an extension of the i-Lestari withdrawal facility that will end in March 2021.

The government is willing to expand the eligibility of contributors for withdrawals from Account 1 of the Employees Provident Fund (EPF).

MTUC also proposes that the government fund the two per cent gap for the EPF members continuously for a period of 12 months.

Muhyiddin acknowledged the need to balance short-term needs of individuals affected with the long-term future and retirement savings needs.

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.

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.

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.

The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.