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...
PETALING JAYA: Contributors are hoping for a higher dividend payout by the Employees Provident Fund (EPF) this year to grow their retirement nest egg. Jeremy Koh, 56, who holds both the Emas and conventional savings account, is hoping for a higher dividend as it will benefit both accounts. “As a person who is above 55 yet still...
PETALING JAYA: With the Employees Provident Fund (EPF) recording a stronger performance in the first nine months of the 2023 financial year (FY23), experts are anticipating a higher dividend declaration this year. The dividend announcement is expected to be made in early March. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid expects the dividend rate...
PETALING JAYA: The government needs to be bold and brave in terms of implementing strategies and reforms to tighten the fiscal screws in the upcoming Budget 2024, says Pankajkumar Bipinchandra, who is managing director of Datametrics Research and Information Centre. One of the effective ways to address the budget deficit is to cut fuel subsidies by...
