KUALA LUMPUR: The government’s decision to raise the minimum wage from RM1,500 to RM1,700 was among the focus for both government and opposition MPs during the debate on the Supply Bill 2025 in the Dewan Rakyat on Wednesday (Oct 23). Most of them supported the move as it would benefit the workers, but some expressed concerns...
PETALING JAYA: The new Employees Provident Fund (EPF) measures are expected to benefit over 2.3 million people in Malaysia including two million foreign workers, says the Employees Provident Fund (EPF). Mechanisms are still being worked out on mandatory foreign workers’ contributions to the fund as well as the intergenerational transfer of wealth as proposed in the...
The appointment of Datuk Mohd Izani Ghani as the new managing director of Malaysia Airports Holdings Berhad (MAHB) signals a new era of transformation. At a time when the aviation industry is navigating both unprecedented challenges and exciting opportunities, Mohd Izani has been tasked to steer MAHB to transform its operations, which includes improving customer experience and overall...
PETALING JAYA: Most Malaysians who opted in for Employees Provident Fund's (EPF) Account 3 withdrew the funds to settle debts and outstanding loans, according to a poll by The Star. The online poll, which was held in the week before the last day of the opt-in on Aug 31, saw 1,300 people responded. Around 288 people (42.11%)...
PETALING JAYA: Aug 31 is the final day for Employees Provident Fund (EPF) members to apply for a one-time transfer of funds from Account 2 (Akaun Sejahtera) to Account 3 (Akaun Fleksibel). Many members have already taken advantage of this option to enhance their cash flow, while others are planning to do so before the deadline. ALSO...
PETALING JAYA: Aug 31 is the final day for Employees Provident Fund (EPF) members to apply for a one-time transfer of funds from Account 2 (Akaun Sejahtera) to Account 3 (Akaun Fleksibel). Many members have already taken advantage of this option to enhance their cash flow, while others are planning to do so before the deadline. ALSO...
PUTRAJAYA: Any polemic related to the BlackRock issue that is linked to the Israeli regime could affect Malaysia's interests as a developing country, says Prime Minister Datuk Seri Anwar Ibrahim. Speaking at the July monthly assembly of the Prime Minister's Department here on Monday (July 1), Anwar reminded everyone not to be 'excessive' in discussing polemic...
PETALING JAYA: The Employees Provident Fund (EPF) recorded total distributable income of RM19.20bil for the first quarter ended March 31, 2024 (1Q24), an increase of 33.1% from the RM14.42bil recorded in the corresponding quarter in 2023. The distributable income does not include mark-to-market (MTM) gains of securities that have not been realised. EPF chief executive officer, Ahmad...
KUALA LUMPUR: It is time for Malaysia to embrace serious reforms in its pension and retirement framework to ensure financial security and equity for all Malaysians, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar said a recent survey found that 26.1% of respondents above the age of 60 will continue to work until their health fails...
PETALING JAYA: EPF members have been reminded to use their i-Akaun app to handle issues revolving around their Akaun Fleksibel, popularly known as Account 3, instead of lining up at their branches. The exception is for withdrawals of more than RM30,000 or those who have changed their banking details, EPF said. However, a quick check by The...
