A Chinese man who entrusted more than one million yuan (US$140,000) in savings to his girlfriend for safekeeping was shocked when she spent it all on cosmetic procedures. The man, surnamed Jin, and his girlfriend, Min, were in a romantic relationship when the cash was handed over. Min had relocated from southeastern Jiangxi province to Chongqing in...
KUALA LUMPUR: Malaysians are fortunate to benefit from lower petrol prices than foreigners under the Budi Madani RON95 (Budi95) initiative, a move that reflects the government’s commitment to the welfare of its citizens. Somali national Faisal Abdi Ali, 45, said the savings enjoyed by Malaysians under Budi95 help with household financial management, allowing funds to be...
ALOR SETAR: Langkawi residents can now use a free emergency boat service, provided by a non-governmental organisation (NGO), to help transport patients or deceased persons to the mainland. Persatuan Anak Muda Madani Kedah chairman Datuk Zuraidi Rahim said the initiative was launched in response to the urgent needs of the local community, who usually rely on...
JOHOR BARU: As a young graduate who has just entered the job market, Hanie Yunus has an observation when it comes to the idea of raising the retirement age from 60 to 65. “Towards 60, I notice many at this age are just waiting for retirement. Often, younger staff end up covering for them. Their productivity...
KUALA TERENGGANU: A man lost more than RM100,000 in savings after being scammed by an investment company claiming to offer Islamic shares. Kuala Terengganu police chief ACP Azli Mohd Noor said the 57-year-old victim, who was a former oil rig employee, claimed a friend informed him about the investment company on Jan 29, 2023, and then...
KUALA LUMPUR: Employees Provident Fund (EPF) chairman Tan Sri Mohd Zuki Ali and a delegation comprising the fund's top management paid a courtesy call on Prime Minister Datuk Seri Anwar Ibrahim on Monday (Jan 6). In a Facebook post, Anwar, who is also Finance Minister, said the meeting was to discuss EPF’s role as a government-linked...
PUTRAJAYA: The government saved about RM900,000 by using a private chartered flight for Prime Minister Datuk Seri Anwar Ibrahim's recent working and official visits abroad, says Fahmi Fadzil. The government spokesman and Communications Minister said the cost of using the Malaysia Airlines Airbus A350 came to RM6.162mil. The government paid RM1.662mil or 27% of this amount while...
KOTA KINABALU: Almost three-quarters of Employees Provident Fund (EPF) contributors in Sabah have savings of less than RM50,000 in their EPF accounts. Sabah and Labuan EPF regional director Mohd Fadil Sarehan said this represents about 71%, or 691,322, of the 973,693 contributors in Sabah. Mohd Fadil said there is a need to raise awareness among contributors to...
PETALING JAYA: Employees Provident Fund (EPF) members aged 100 years and above have been given until March 31 to claim their savings. The EPF said the deadline is for those who have not fully withdrawn their retirement savings. "These members or their beneficiaries must submit a claim for the monies by the March deadline," EPF said in...
SINGAPORE: Singapore’s Central Provident Fund (CPF) Board has called on all foreigners who have previously contributed to the social security scheme to transfer out their savings following their accounts being closed automatically in April. The board said to date, the majority of 300,000 non-Singapore citizens (non-SCs) and non-permanent residents (non-PRs) whose accounts were closed have yet...
