KUALA LUMPUR: The Sessions Court has heard that Sayed Amir Muzzakkir Al Sayed Mohamad demanded a RM19mil 'lump sum' payment from Nexuscorpgroup Sdn Bhd (NSB) after it secured a maintenance and spare parts tender for the police. NSB chief operating officer Azman Kamaruddin, 45, testified that the company's managing director, Wan Azhar Mohamed Yusof, informed him...
KUALA LUMPUR: The practice of lump sum retirement withdrawals may jeopardise long-term financial security and increase the risk of retirees outliving their savings, said Employees Provident Fund (EPF) chief executive officer Ahmad Zulqarnain Onn. He said that only a small proportion of EPF members currently meet the basic savings threshold, while over 58 per cent of...
CHAT groups on messaging apps are a great place to share information – but unfortunately this applies to misinformation as well. Recently, a viral message being spread claims that those who are aged 60 and above are only allowed to make monthly withdrawals of their Employees Provident Fund (EPF) savings. Is there any truth to this viral...
