SHAH ALAM: Most Malaysians do not have enough savings for their retirement, with only 33% of active Employee Provident Fund (EPF) members having recorded basic savings of RM240,000 as of last year, says the EPF chief executive officer. Ahmad Zulqarnain Onn said this percentage represented 2.4 million members aged between 18 and 55 in the formal...
KLANG: Selangor Ruler Sultan Sharafuddin Idris Shah has been consistently calling for 50% of local councillors in the state to be made-up of professionals. His Royal Highnesses’ call had been well received by the people of Selangor who also wanted the same. Women Inspiration Association Selangor president Norliza Ismail said having 100% politicians as councillors did not...
PETALING JAYA: A PKR lawmaker has refuted the misleading viral message circulating on social media comparing the Employees Provident Fund (EPF) and Permodalan Nasional Berhad (PNB) dividend payouts. Petaling Jaya MP Lee Chean Chung explained that the EPF's investment approach involves a combination of bonds with a 2.5% guaranteed return and investments in both Malaysian and...
KUALA LUMPUR: Bukit Aman is leaving it to the Securities Commission (SC) to investigate the company belonging to the husband of celebrity Heliza Helmi. Bukit Aman Commercial Crime Investigation Department (CCID) director Comm Datuk Seri Ramli Mohamed Yoosuf said the police are aware of the SC's action in listing the company under the investor alert list. "We...
SHAH ALAM: The Employees Provident Fund (EPF) recorded RM66.99bil in total investment income for the financial year ended Dec 31, 2023 – which is a 29% year-on-year increase from the RM51.91bil reported in 2022. The total investment income was reported after netting off equity write-downs. Of the RM66.99bil in total investment income, RM5.72bil was generated from mark-to-market...
PUTRAJAYA: The main contributing factor for the low representation of bumiputra companies in the halal industry is their inability to meet halal certification requirements, says Mydin Mohamed Holdings Bhd managing director Datuk Dr Ameer Ali Mydin. Ameer, who is the Bumiputra Retailers Association president, said out of the 9,162 halal-certified companies in 2023, only 38.7% or...
JOHOR BARU: Chingay is already a lively event, but in Johor, the occasion was further enlivened by the presence of Regent of Johor Tunku Ismail Ibni Sultan Ibrahim, who brought along his two children, much to the delight of attendees of the century-old Johor Ancient Temple Chingay procession here. Loud cheers could be heard as the...
GEORGE TOWN: It’s sweltering in Penang but farmer Tan Chee Keat is smiling. His durian trees are fruiting abundantly in the heat and he is expecting a “record-breaking” harvest this year. Tan, who described the fruiting as a phenomenal sprouting pattern, said he expects at least four batches of fruits this season, which could last until...
KOTA KINABALU: Two more people, including a woman, linked to what has been described as Sabah’s biggest drug cartel have been charged with being members of an organised criminal group at the Sessions Court here. The duo, Norsyafilah Pawawoi, 28, and Zulkahar Dusing, 29, both said to be members of the group, dubbed Geng Upik, were...
JOHOR BARU: A man lost RM427,940 after being duped by an acquaintance into withdrawing money with a promise of a refund and a commission. Seri Alam district police chief Supt Mohd Sohaimi Ishak said that the 45-year-old victim was introduced to a local man, who claimed that he had money amounting to RM25mil deposited into his...
