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Consider This: The Reality of Retirement Savings in Malaysia

Consider This: The Reality of Retirement Savings in Malaysia

The EPF recently introduced the Retirement Income Adequacy Framework, a three-tiered savings benchmark—basic, adequate, and enhanced—meant to be used as a reference to maintain different levels of financial security post-retirement. Is this framework enough to ensure financial security in old age? On this episode of #ConsiderThis Melisa Idris speaks with Professor Joseph Cherian, Deputy CEO and Practice Professor of Finance, at the Asia School of Business.
Tue Feb 04 2025
'We firmly believe we made correct decisions on the law and facts' - Chief Justice

'We firmly believe we made correct decisions on the law and facts' - Chief Justice

Chief Justice Tun Tengku Maimun Tuan Mat will go on mandatory retirement upon turning 66 in July this year.
Wed Jan 08 2025
EPF launches Belanjawanku 2024/2025 and Retirement Income Adequacy Framework

EPF launches Belanjawanku 2024/2025 and Retirement Income Adequacy Framework

EPF's CEO says the RIAs recommended savings levels are from a single-tier savings benchmark to a three-tier savings framework.
Thu Dec 12 2024
AG wants donation drive for his retirement gift to stop

AG wants donation drive for his retirement gift to stop

The matter went viral on social media platforms after the AGC personnel were allegedly asked to make monetary contributions.
Tue Nov 05 2024
Najib says US$120 million in his account was not personal income

Najib says US$120 million in his account was not personal income

Datuk Seri Najib Tun Razak also made it clear that the money was not from SRC International Sdn Bhd or Retirement Fund Inc (KWAP).
Wed Oct 09 2024
Anwar acknowledges loss of key public service pillar with Mohd Zuki’s retirement

Anwar acknowledges loss of key public service pillar with Mohd Zuki’s retirement

Datuk Seri Anwar Ibrahim the monthly assembly of the PM's Department would be Tan Sri Mohd Zuki Ali 's final one as Chief Secretary to govt.
Mon Aug 05 2024
Olympics - Stop hassling me on retirement, Nadal says after sobering Djokovic defeat

Olympics - Stop hassling me on retirement, Nadal says after sobering Djokovic defeat

Rafael Nadal said he will decide whether to retire following the 2024 Paris Olympics.
Tue Jul 30 2024
3.4 mln EPF members make RM8.9 billion Flexible Account withdrawals - Amir Hamzah

3.4 mln EPF members make RM8.9 billion Flexible Account withdrawals - Amir Hamzah

The transfer to Retirement Account increased members' savings, with the addition of 43,000 new members having reached basic savings level.
Thu Jul 25 2024
3.61 million EPF members transferred a total of RM11.52 bln to their Flexible Accounts as of June 24 - MoF

3.61 million EPF members transferred a total of RM11.52 bln to their Flexible Accounts as of June 24 - MoF

According to the Ministry of Finance, a total of RM5.12 billion has been transferred to the Retirement Account.
Wed Jul 10 2024
[COLUMNIST] Propelling our Armed Forces into a Prosperous Post-Service Future

[COLUMNIST] Propelling our Armed Forces into a Prosperous Post-Service Future

A long-term approach is needed to provide veterans with sustainable opportunities for a dignified post-retirement life.
Fri Jul 05 2024
3.4 mln EPF members transfer RM10.86 bln to flexible account as of June 10

3.4 mln EPF members transfer RM10.86 bln to flexible account as of June 10

These withdrawals can be accommodated by EPF's current cash balance, net cash inflows from contributions, maturities and investment income.
Thu Jun 27 2024
Tennis - 'Life's great' Federer says as he launches retirement documentary

Tennis - 'Life's great' Federer says as he launches retirement documentary

"Federer: Twelve Final Days" captures the emotional roller-coaster of the tail end of the tennis star's career.
Sat Jun 15 2024
Najib held significant authority in SRC, I wouldn't refuse his directives - Former SRC director

Najib held significant authority in SRC, "I wouldn't refuse his directives" - Former SRC director

Tan Sri Ismee Ismail said he believed Datuk Seri Najib Tun Razak was trying to do something best for the country and the company.
Mon Jun 10 2024
Time to embrace serious reforms in pension, retirement framework - PM

Time to embrace serious reforms in pension, retirement framework - PM

Datuk Seri Anwar Ibrahim said a recent survey found that 26.1% of respondents aged above 60 will continue to work until their health fails.
Tue Jun 04 2024
EPF's Account 3: Avoid impulsive withdrawals, financial planning crucial - Experts

EPF's Account 3: Avoid impulsive withdrawals, financial planning crucial - Experts

The ability for EPF to withdraw funds from Account 3, especially upon retirement, presents both opportunities and challenges.
Thu May 09 2024
US military plane deporting Indian immigrants lands in India

US military plane deporting Indian immigrants lands in India

The Trump administration has increasingly turned to the military to help carry out its immigration agenda.
Wed Feb 05 2025
Trump's Gaza plan for 'Riviera of the Middle East' triggers international condemnation

Trump's Gaza plan for 'Riviera of the Middle East' triggers international condemnation

Countries from Russia, China, Spain, Ireland and the UK say they continue to support the two-state solution.
Wed Feb 05 2025
US Postal Service suspends inbound parcels from China, Hong Kong

US Postal Service suspends inbound parcels from China, Hong Kong

Trump's crackdown on de minimis would make the products sold by the likes of Shein and Temu more expensive.
Wed Feb 05 2025
US plan to take over Gaza: Malaysia's stance on Palestine unchanged - PM

US plan to take over Gaza: Malaysia's stance on Palestine unchanged - PM

Datuk Seri Anwar Ibrahim says Malaysia's stance remains the same as that of other Islamic countries.
Wed Feb 05 2025
US freezes funding for security mission tackling Haiti's gangs

US freezes funding for security mission tackling Haiti's gangs

More than $13 million in US funding for an international security force helping fight armed gangs in Haiti has been frozen, the UN says.
Wed Feb 05 2025
Over 40,000 civil servants at high risk of mental health issues - Zaliha

Over 40,000 civil servants at high risk of mental health issues - Zaliha

A total of 44,901 civil servants were screened under Public Service Psychological Health Digital Profiling System, says Dr Zaliha Mustafa.
Wed Feb 05 2025
India's Modi takes 'holy dips' at Maha Kumbh, week after stampede killed dozens

India's Modi takes 'holy dips' at Maha Kumbh, week after stampede killed dozens

Security personnel stood in the water nearby while thousands of people crowded the banks to watch the prime minister perform the rituals.
Wed Feb 05 2025
Philippine Congress endorses impeachment complaint against vice president

Philippine Congress endorses impeachment complaint against vice president

Vice President Sara Duterte would be the Philippines' second most senior official to face removal from office.
Wed Feb 05 2025
What is a sovereign wealth fund?

What is a sovereign wealth fund?

Sovereign wealth funds are investment vehicles owned by countries.
Wed Feb 05 2025
[COLUMNIST] Rising above Trump tariffs: How a resilient global economy outlasts US protectionism

[COLUMNIST] Rising above Trump tariffs: How a resilient global economy outlasts US protectionism

The current alarm over Trumps tariff threats overlooks a key point: global markets are resilient and adaptable.
Wed Feb 05 2025