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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
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