Tag Archives: EPF

March 24

Covid-19 relief: For 2.8m M’sians, there’s not enough in their EPF to last 12 months

Around 2.8 million Malaysians don’t have enough savings in their Employees Provident Fund (EPF) accounts to fully benefit from the government’s measure to alleviate their financial burden during the Covid-19 crisis. MalaysiaKini reports: Yesterday, Prime Minister Muhyiddin Yassin announced that contributors will be allowed to dip into Account 2 of their EPF to cope with […]

June 02

EPF 1Q income falls 25% on equity rout

Employees Provident Fund’s (EPF) total income fell 25% year-on-year (YoY) for the first quarter ended March 31 this year (1Q19) on the continued rout of domestic equities and challenging external picture, reports The Malaysian Reserve. Malaysia’s largest pension fund recorded RM9.66 billion in income for the quarter, significantly lower than the RM12.88 billion managed in […]

March 05

EPF should take Sarawak Report to court: Razlan

The Employees Provident Fund (EPF) should take legal action against Sarawak Report for its alleged slanderous remarks against the federal statutory body. Federal Territories Umno Youth chief Datuk Razlan Muhammad Rafii such accusations by the pro-opposition portal had tarnished EPF’s reputation and image. On Feb 28, EPF in a statement refuted a Sarawak Report’s claim […]

December 26

Procrastination behind low number of EPF contributors who register nominees

SOME Malaysians just love to procrastinate and settle things at the very last minute. This attitude is seen every year when the deadline to submit income tax returns to the Inland Revenue Board approaches. Last year, many people who were required to change their ATM cards to debit cards chose to do so at the […]

November 11

EPF confirms woman’s account secure after share scare

“EPF’s investigation found Tan’s EPF savings secured and updated to the latest contribution month and the nominations made in 2012 are still valid and in effect,” according to an EPF statement yesterday. An allegation that a Malay man from Kelantan had been registered as Tan’s EPF savings nominee is not true,” said EPF. The statement […]

February 19

EPF declares 5.7% dividend for 2016, total payout RM37.08bil

The Employees Provident Fund (EPF) has declared a 5.7 per cent dividend for 2016, with a total payout of RM37.08bil. Chairman Tan Sri Samsudin Osman said the EPF is pleased it has been able to consistently exceed its two strategic investment targets of at least 2.5 per cent nominal dividend on a yearly basis and […]

August 29

Monthly household income up to RM6,000, Khazanah report says

Average monthly household income rose from RM5,000 in 2012 to RM6,141 in 2014, the Khazanah Research Institute (KRI) revealed in a report today. The report titled “The State of Households (SOH II)” focused on three topics: household and food, women in the workforce, and population ageing. “In general, we see that households are better off […]