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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 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
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 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
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
Domestic demand to rebound this year despite MCO - MIDF

Domestic demand to rebound this year despite MCO - MIDF

Domestic demand is expected to rebound this year despite some disruptions caused by the implementation of the Movement Control Order (MCO), MIDF Research said.
Fri Jun 11 2021
EPF i-Sinar withdrawal gives positive immediate impact to real economy - BNM

EPF i-Sinar withdrawal gives positive immediate impact to real economy - BNM

Abdul Rasheed said that in terms of retirement savings, however, the buffer needed to be strengthened and rebuilt.
Fri Apr 02 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
Payment for current i-Sinar applications begins Tuesday - EPF

Payment for current i-Sinar applications begins Tuesday - EPF

Applicants for the i-Sinar facility under the EPF submitted before Feb 25 will be progressively approved in batches.
Tue Mar 02 2021
Matching grants to prevent excessive withdrawal of EPF funds

Matching grants to prevent excessive withdrawal of EPF funds

The extra matching of monies would mean EPF will have more fund to invest further, despite the withdrawal.
Tue Mar 02 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
Government, EPF will ease i-Sinar approval process

Government, EPF will ease i-Sinar approval process

Tengku Datuk Seri Zafrul Tengku Abdul Aziz said priority will be given to those who have applied or applications that were being processed.
Thu Feb 18 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