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retirement savings

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Govt to find ways to reduce people's financial stress without withdrawing EPF savings

Govt to find ways to reduce people's financial stress without withdrawing EPF savings

Anwar said the people had already been allowed to make several EPF withdrawals before, which caused their retirement amount to decline.
Thu Feb 09 2023
EPF: Additional withdrawals can cause members to retire below poverty line - Tengku Zafrul

EPF: Additional withdrawals can cause members to retire below poverty line - Tengku Zafrul

Additional withdrawals will lead to continuous decline in EPF members' retirement savings and currently almost half of the members had less than RM10,000 in their accounts.
Sat Jan 15 2022
Shortfall in retirement savings requires serious attention - SC

Shortfall in retirement savings requires serious attention - SC

The current shortfall in retirement savings among Malaysians requires serious and urgent attention, Securities Commission warns.
Tue Sep 21 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
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
EPF Chief: This is how we solve our retirement savings problem

EPF Chief: This is how we solve our retirement savings problem

Most of us don't have enough savings to last us after we retire. We have to do something, and we have to do it fast. And the man in charge of our retirement savings has a plan.
Mon Jan 15 2018
Address issue of retirement savings in TN50 - Khairy Jamaluddin

Address issue of retirement savings in TN50 - Khairy Jamaluddin

He said it was worrying when a report highlighted that about 68 per cent of Employees Provident Fund (EPF) members had savings of less than RM50,000.
Thu Apr 13 2017
Diversify investments for higher retirement savings

Diversify investments for higher retirement savings

Those wanting to maintain a comfortable life during old age will certainly have made the necessary financial planning for their retirement years, but with inflation and rising cost of living, they rem
Wed Dec 28 2016
Malaysians working abroad eligible to contribute to EPF

Malaysians working abroad eligible to contribute to EPF

Johor EPF branch Retirement Advisory Service (RAS) officer, Faizal Abu Al-Ashari said those below 55 years-old can register as EPF members to make savings until they reach retirement age.
Tue Dec 27 2016
Start planning for retirement upon joining workforce

Start planning for retirement upon joining workforce

Financial planning for retirement should begin at early stage when a person starts working.
Thu Nov 10 2016
EPF savings may not suffice for retirement

EPF savings may not suffice for retirement

Financial planning for retirement is crucial to ensure a comfortable lifestyle.
Thu Nov 10 2016
Increase in minimum wage ensure sufficient retirement savings for EPF contributors

Increase in minimum wage ensure sufficient retirement savings for EPF contributors

The new minimum wage would be implemented in all sectors except for domestic services and maids.
Mon Oct 26 2015
Citibank becomes first bank to offer private retirement savings in Malaysia

Citibank becomes first bank to offer private retirement savings in Malaysia

Citibank (M) Bhd become the first foreign bank to offer private retirement savings in Malaysia, via partnering CIMB-Principal Asset Management Bhd as the distributor.
Thu Dec 12 2013
COP29 climate summit draft proposes rich countries pay $250 billion per year

COP29 climate summit draft proposes rich countries pay $250 billion per year

The draft finance deal criticised by both developed and developing nations.
Fri Nov 22 2024
Bomb squad sent to London's Gatwick Airport after terminal evacuation

Bomb squad sent to London's Gatwick Airport after terminal evacuation

This was following the discovery of a suspected prohibited item in luggage.
Fri Nov 22 2024
Kelantan urges caution amidst northeast monsoon rains

Kelantan urges caution amidst northeast monsoon rains

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Fri Nov 22 2024
Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
Fri Nov 22 2024
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM

ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
Fri Nov 22 2024
KTMB provides two additional ETS trains for Christmas, school holidays

KTMB provides two additional ETS trains for Christmas, school holidays

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
Fri Nov 22 2024
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024

BNM'S international reserves rise to USD118 bil as at Nov 15, 2024

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.
Fri Nov 22 2024
Findings by dark energy researchers back Einstein's conception of gravity

Findings by dark energy researchers back Einstein's conception of gravity

The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
Fri Nov 22 2024
NRES responds to Rimbawatch press release on COP29

NRES responds to Rimbawatch press release on COP29

The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Fri Nov 22 2024
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections

Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections

The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Fri Nov 22 2024