WHILE grateful at having the Employees Provident Fund’s (EPF) Flexible Account, members say they rather keep the money than use it. Electrical store manager Jenny Chin said although only 10% of the total contributions were allocated to Account 3, it will definitely grow in the future. “The most important thing for private sector workers like us is...
KUALA LUMPUR: Close to 5,000 transactions were made at the pioneer Sentuhan Madani kiosks in January, says Pantau Madani unit director-general Mohd Khalid Mohamed Latiff. Mohd Khalid said the kiosks at the Alamanda shopping mall in Putrajaya recorded 4,689 transactions. Of the number, the Employees Provident Fund (EPF) service at the kiosk recorded 2,981 transactions, making up...
PETALING JAYA: Datuk Seri Dr Wee Ka Siong has fact-checked claims made by Kampar MP Chong Zhemin on the Employees Provident Fund's (EPF) sale of Malaysia Airport Holdings Bhd (MAHB) shares. "There are a lot of errors stated by the Kampar MP in the video published by DAP. "YB Chong, you still don't understand and have swayed...
KUALA LUMPUR: Mandatory Employee Provident Fund (EPF) contributions for foreign workers is expected to come into effect in the fourth quarter of 2025, says Finance Minister II Datuk Seri Amir Hamzah Azizan. This comes after the Employees Provident Fund (Amendment) Bill 2025, which mandates foreign workers and their employers to contribute 2% of monthly wages to...
PETALING JAYA: Datuk Seri Dr Wee Ka Siong has questioned the payout-to-earnings ratio of the Employees' Provident Fund's (EPF) dividend of 6.3% for 2024, with the total payout for conventional and syariah savings amounting to RM73.24bil. "The EPF dividend payout for 2024 accounts for 98.4% of the total earnings from EPF's investment profits throughout 2024, compared...
PETALING JAYA: Datuk Seri Dr Wee Ka Siong wants Pakatan Youth information chief Ammar Atan, whom he claims made defamatory remarks against him, to withdraw his statement within 24 hours. "This is what I said in front of hundreds of media friends at the recent MCA media night on Feb 26," he said on Facebook on...
KUALA LUMPUR: The Employees Provident Fund (EPF) did not incur any losses in its sale and repurchase of Malaysia Airports Holding Bhd (MAHB) shares, says Datuk Seri Amir Hamzah Azizan. “I want to take this opportunity to clarify to Kampar MP (Chong Zhemin) that there are no losses recorded by the EPF regarding the MAHB matter. “With...
PETALING JAYA: The Employees Provident Fund (EPF) is set to announce its 2024 dividends this Saturday (March 1). ALSO READ: Experts predict higher EPF payout EPF is anticipated to declare higher 2024 dividends due to strong investment performance, with analysts predicting 6% for conventional savings and 5.60% for syariah funds. For 2023, the fund declared dividends of 5.5% for...
KUALA LUMPUR: The Employees' Provident Fund (EPF) needs to explain its decision-making process to buy Malaysia Airports Bhd (MAHB) shares at RM11 each in 2024, a mere year after selling it for RM6 in 2023, said Datuk Seri Dr Wee Ka Siong. "It is said the buying back of shares at RM11 was for privatisation purposes. "Who...
PETALING JAYA: An investigation must be conducted into the Employees Provident Fund (EPF) selling its Malaysia Airport Holdings Berhad (MAHB) shares at a lower price and repurchasing them at a premium in a short period, says Datuk Seri Dr Wee Ka Siong. The MCA president said records show that EPF's equity holdings in MAHB in November...
