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Use of EPF funds as collateral for loans on the agenda at Dewan Rakyat

Questions will also be raised about the tax exemption for Albukhary Foundation and the procurement of ICT equipment for schools.

Bernama
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Questions will be raised in the Dewan Rakyat about the government's proposal to allow EPF contributors to use their funds as collateral for bank loans.
Questions will be raised in the Dewan Rakyat about the government's proposal to allow EPF contributors to use their funds as collateral for bank loans.

The proposal to allow Employees Provident Fund (EPF) members to take bank loans using their contributions as collateral will be among the matters discussed in the Dewan Rakyat today.

According to the order paper, the matter will be raised by Muslimin Yahaya (PN-Sungai Besar) in a question to the prime minister during the Minister's Question Time.

He will ask about the government’s justification of the proposal and the interest rate to be charged to the contributors who are eligible for the scheme.

There will also be a question from Cha Kee Chin (PH-Rasah) to the prime minister on whether Lim Guan Eng (PH-Bagan), during his tenure as finance minister from May 2018 until February 2020, cancelled the tax exemption for Albukhary Foundation, and if he did, the reason for doing so.

Meanwhile, Roslan Hashim (PN-Kulim Bandar Baharu) will ask the education minister whether the ministry can facilitate the acquisition and purchase of ICT equipment for schools such as printers, laptops and PCs.

There will also be a question to the plantation industries and commodities minister by Wee Jeck Seng (BN-Tanjung Piai) on whether the ministry, through cooperation with various other ministries, is prepared to carry out tests on the production of biofuel from palm oil, similar to what is being done by Indonesia.

After the question-and-answer session, the Dewan Rakyat will continue with the debate and winding-up of the Supply Bill 2023 at the committee level.