Thursday, January 20, 2022

EPF withdrawals

EPF says most members at risk of old-age poverty due to Covid-related withdrawals

Some 48% of EPF members below the age of 55 have critically low savings, a 28% increase from before the pandemic.

Where i-Sinar went wrong

The economy should be stimulated through investments in areas that have been neglected, not through use of EPF savings in wasteful consumption.

More support from Malays, rural poor for govt’s pandemic measures

Malays and Bumiputeras are also more in agreement with the governance of the Covid-19 crisis.

Govt pledges easier EPF withdrawals as RM24 billion approved for 3 million

The EPF will provide an advance payment of up to RM1,000 for each eligible applicant under the i-Sinar Category 2.

Budget reflects bipartisanship but more can be done

Measures can still be enhanced to ensure that the benefits continue to flow over a much longer period of time.

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