KUALA LUMPUR: Fitch Ratings' latest affirmation on Malaysia's sovereign credit rating underscores its economic progress as envisioned under the MADANI Economy framework, said Prime Minister Datuk Seri Anwar Ibrahim. “This is in particular to the MADANI government's commitment to implement significant legislative and institutional reforms that have resulted in better policy clarity and effective economic management,”...
KUALA LUMPUR: A total of RM10.78bil has been withdrawn from the Employees Provident Fund (EPF) Account 3 (Flexible Account) by members below 55, states the Finance Ministry. The ministry said in a parliamentary written reply on Monday (Dec 2) that the sum involved 3.86 million or 29.4 per cent of EPF members below 55, as of...
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim said Malaysia’s strong economic performance in the third quarter (3Q) of 2024 reflects both business and consumer confidence in the Malaysian economy and the government’s economic management. The Ministry of Finance (MOF) in a statement today noted that the 5.3 per cent gross domestic product (GDP) growth recorded...
KUALA LUMPUR: Any new additional pre-retirement withdrawals, whether targeted or open, will further exacerbate the issue of insufficient retirement savings, which is currently at a very alarming level, the Finance Ministry said. The ministry said it is also not a solution to the increasing financial burden of the people. "As of Sept 30, 2023, a total of...
