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Consider This: EPF Flexible Account - Restructuring and Reallocation Explained

Consider This: EPF Flexible Account - Restructuring and Reallocation Explained

EPF will launch a new Flexible Account on May 11th to give members access to a portion of their retirement savings. However the move has drawn mixed responses from the public and from experts. On this episode of #ConsiderThis Melisa Idris speaks to Balqais Yusoff, Head of the Policy and Strategy Department at EPF, who led the teams that designed the restructuring for the accumulation phase, as well as to Dr Amjad Rabi, a social security economist who is currently a visiting expert at Universiti Malaya’s Social Wellbeing Research Centre.
Fri Apr 26 2024
Malaysian govt securities to remain robust despite restructuring of EPF accounts

Malaysian govt securities to remain robust despite restructuring of EPF accounts

CIMB IB expects the impact of EPF's introduction of a third account, on MGS and GII demand to be mitigated by strong net contributions.
Fri Apr 26 2024
EPF says Account Fleksibel is optional; expects about RM25 bln withdrawal in first year

EPF says Account Fleksibel is optional; expects about RM25 bln withdrawal in first year

Akaun Fleksibel is a new account that provides flexibility for short-term financial needs, where savings can be withdrawn at any time.
Thu Apr 25 2024
EPF announces account restructuring initiative, members to have flexible account from May 11

EPF announces account restructuring initiative, members to have flexible account from May 11

Under the account restructuring initiative, all accounts of members under the age of 55 will be restructured to three accounts.
Thu Apr 25 2024
Niaga AWANI: Akaun 3 KWSP: Tingkat literasi kewangan, depani krisis persaraan

Niaga AWANI: Akaun 3 KWSP: Tingkat literasi kewangan, depani krisis persaraan

Ketua Ekonomi, Bank Muamalat Malaysia Bhd, Dr Mohd Afzanizam Abdul Rashid berkongsi pandangan beliau berkenaan pelaksanaan Akaun 3 KWSP serta bagaimana pentingnya literasi kewangan dalam mendepani krisis persaraan.

#NiagaAWANI
Wed Apr 24 2024
[COLUMNIST] Some brief comments on the RM with reference to Japan

[COLUMNIST] Some brief comments on the RM with reference to Japan

The underlying fundamentals of the Japanese financial system and the economy remain strong, stable and robust.
Tue Apr 16 2024
EPF commits RM250 mln to catalysing Malaysian mid-to-growth stage companies

EPF commits RM250 mln to catalysing Malaysian mid-to-growth stage companies

Gobi Partners is a pan-Asian venture capital firm with an extensive investing track record.
Mon Mar 18 2024
[COLUMNIST] Let fiscal policy be the primary driver to address the ringgit depreciation

[COLUMNIST] Let fiscal policy be the primary driver to address the ringgit depreciation

Fiscal policy remains best poised as the most effective macro-economic tool to mitigate the impact from the RM's depreciation.
Mon Mar 04 2024
Salary deductions: Employers told to follow proper procedure

Salary deductions: Employers told to follow proper procedure

Steven Sim Chee Keong said an internal inquiry process must take place before imposing disciplinary action.
Thu Feb 22 2024
73 per cent production companies unaware of need to obtain license before employing child, young actors - DOSM

73 per cent production companies unaware of need to obtain license before employing child, young actors - DOSM

Datuk Seri Dr Mohd Uzir Mahidin said 361 companies that employ child and young actors in film and dramas were involved in the survey.
Mon Feb 19 2024
Ahmad Zulqarnain resigns as PNB chief to helm EPF as CEO

Ahmad Zulqarnain resigns as PNB chief to helm EPF as CEO

Ahmad Zulqarnain Onn succeeds Senator Datuk Seri Amir Hamzah Azizan, who was appointed as the Minister of Finance II last month.
Fri Jan 26 2024
Recruitment of new civil servants on non-pensionable permanent basis - DPM Zahid

Recruitment of new civil servants on non-pensionable permanent basis - DPM Zahid

Datuk Seri Dr. Ahmad Zahid Hamidi said the new recruitment policy would be implemented this year, with details to be announced by PSD.
Thu Jan 25 2024
[COLUMNIST] The EPF in an environment of interest rate hikes

[COLUMNIST] The EPF in an environment of interest rate hikes

EPF's financial performance for the first three quarters of FY 2023 is expected to have been sustained in the fourth quarter.
Mon Jan 22 2024
Appointment of new EPF CEO to be decided soon - PM

Appointment of new EPF CEO to be decided soon - PM

Datuk Seri Anwar Ibrahim said the names of several candidates have been submitted, but appointment needs to go through several processes.
Thu Jan 18 2024
EPF pays out RM708 mln to govt additional contribution incentive to 1.4 mln members

EPF pays out RM708 mln to govt additional contribution incentive to 1.4 mln members

According to EPF, the incentive was allocated to individuals with EPF savings of RM10,000 and below in their Account 1 as of Feb 24, 2023.
Wed Jan 10 2024
Abang Jo setuju cadangan syarat untuk pemohon PR di Sarawak

Abang Jo setuju cadangan syarat untuk pemohon PR di Sarawak

Dalam perkembangan lain Abang Johari bersetuju dengan cadangan untuk menetapkan syarat bagi komuniti peniaga dan pelabur yang mahu mendapatkan status Penduduk Tetap (PR) di Sarawak perlu memasukkan minimum dua juta ringgit ke dalam akaun deposit tetap negeri ataupun membeli hartanah bernilai 1.5 juta ke atas.
Sun Apr 28 2024
Kes denggi di Kedah membimbangkan, catat 1,550  kes pada ME16

Kes denggi di Kedah membimbangkan, catat 1,550 kes pada ME16

Kes denggi di Kedah berada pada tahap membimbangkan apabila sejumlah 1,550 kes dilaporkan pada Minggu Epidemiologi ke-16 tahun ini.
Sun Apr 28 2024
Kerajaan Sarawak tidak paksa penduduk pedalaman terima projek empangan Melata

Kerajaan Sarawak tidak paksa penduduk pedalaman terima projek empangan Melata

Abang Johari berharap penduduk pedalaman Sarawak agar membuka minda dengan melihat kepada manfaat projek empangan melata yang penting bagi menghasilkan tenaga boleh diperbaharui di kawasan merfeka.
Sun Apr 28 2024
Sarawak akan jana tenaga hijau seratus peratus hijau

Sarawak akan jana tenaga hijau seratus peratus hijau

Premier Sarawak Tan Sri Abang Johari Tun Openg akan berbincang dengan SEB bagi membolehkan dua loji tenaga arang batu miliknya ditukar kepada loji bersumberkan biomass.
Sun Apr 28 2024
RM9 bilion KPS ganti paip lama seluruh negara

RM9 bilion KPS ganti paip lama seluruh negara

Kos diperlukan bagi menggantikan paip-paip lama seluruh negara mencecah sembilan bilion ringgit.

Timbalan Perdana Menteri Datuk Seri Fadillah Yusof yang juga Menteri Peralihan Tenaga Dan Transformasi Air (PETRA) berkata, kebocoran paip jadi penyumbang besar kepada Air Tidak Terhasil (NRW) iaitu 40 peratus daripada penghasilan air bersih.
Sun Apr 28 2024
Kerajaan Sarawak tanggung kos pelajaran anak mendiang Joanna

Kerajaan Sarawak tanggung kos pelajaran anak mendiang Joanna

Abang Johari memaklumkan nama dua anak mendiang Joanna akan didaftarkan di yayasan sarawak`bagi mendapat sokongan pendidikan.
Sun Apr 28 2024
Pelabur perlu deposit RM2 juta jika mahu berhijrah ke Sarawak - Abang Jo

Pelabur perlu deposit RM2 juta jika mahu berhijrah ke Sarawak - Abang Jo

Premier Sarawak bersetuju dengan cadangan bahawa pelabur yang berminat untuk berhijrah ke negeri itu perlu mendeposit sekurang-kurangnya RM2 juta.
Sun Apr 28 2024
Tanabalan tiba di Madinah selepas 40 hari kembara motosikal

Tanabalan tiba di Madinah selepas 40 hari kembara motosikal

Tanabalan selamat tiba di Madinah pada Sabtu selepas memulakan kembara pada 20 Mac lepas.
Sun Apr 28 2024
Malaysia amalkan dasar luar yang seimbang, elak provokatif - Anwar

Malaysia amalkan dasar luar yang seimbang, elak provokatif - Anwar

Malaysia mengamalkan pendekatan dasar luar yang seimbang antara Barat dan Timur, selain mengelakkan sebarang keadaan yang dilihat sebagai provokatif, kata Perdana Menteri Datuk Seri Anwar Ibrahim.
Sun Apr 28 2024
Anjing kejar budak berjaya ditangkap, ada pemilik - PBT

Anjing kejar budak berjaya ditangkap, ada pemilik - PBT

Majlis Perbandaran Manjung (MPM) berjaya menangkap tiga ekor anjing yang dipercayai mengejar seorang kanak-kanak lelaki hingga nyaris digilis kereta pada Sabtu.
Sun Apr 28 2024