Govt only helping EPF dig a deeper financial hole
Instead of allowing workers to withdraw more and more of their savings, the government should set up a fund to give financial aid to those who are truly in need.
RM145 billion EPF savings withdrawn under Covid-related programmes
A total of 6.62 million members or 52% of the total of 12.78 million members aged under 55 had savings of less than RM10,000 as of end-June.
Bank Negara urges reforms to social protection system after nod for latest EPF withdrawals
Deputy governor Jessica Chew meanwhile says such measures should be used 'very sparingly'.
PM announces ‘difficult decision’ to allow more EPF withdrawals
Prime Minister Ismail Sabri Yaakob advises the public to only use the facility as a last resort.
Economists warn of long-term pain as EPF withdrawal calls spread across political divide
While opposition leaders Anwar Ibrahim and Lim Guan Eng have joined the chorus in favour of further EPF withdrawals, economists maintain that this would be a bad move.
Malay chamber condemns calls for more EPF withdrawals as bid to score ‘ugly political points’
The Malay Chamber of Commerce says more withdrawals are unrealistic and an exploitation of the people's hardships.
Retirement savings are depleting, EPF warns amid calls for more withdrawals
A majority of those who made withdrawals under the various schemes during the Covid-19 crisis are Bumiputera, it says.
No more pandemic EPF withdrawals, bosses group urges govt
The Malaysian Employers Federation says the government needs to think of other ways of helping the people amid concerns of old-age poverty.
All EPF contributions to be credited into Account 1 to boost savings after pandemic withdrawals
This will continue until the total amount withdrawn has been replenished.
EPF withdrawals could bring economy to ‘tipping point’, say economists
They say Malaysians are stuck in a 'survival trap' where the aim is simply to weather the pandemic and its effects on the economy.
EPF’s i-Sinar to allow those under 55 to withdraw from balance
The amount withdrawn will be subject to the account balance.
EPF withdrawals going to non-emergency spending too, survey shows
Electronic gadgets and investment in gold and stocks are some of the other matters on which people are spending.