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 The EPF said the deadline is for those who have not fully withdrawn their retirement savings.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...
SHAH ALAM: A retiree lost almost five million ringgit after she was duped to invest her life savings in an investment scam. In a statement on Thursday (June 6), Shah Alam OCPD Asst Comm Mohd Iqbal Ibrahim said the victim, aged 63, had started investing her money after she responded to an advertisement on Facebook. "She was...
PETALING JAYA: Many workers in both the formal and informal sectors plan to contribute more to the Employees Provident Fund (EPF) to assure an easier retirement. Fund members taking part in the voluntary contribution programme said it is a prudent and stable way to save for the future, while also providing reasonable returns and peace of...
PETALING JAYA: Even a small voluntary contribution into the Employees Provident Fund (EPF) can snowball over time and workers in the informal sectors should not miss out, say financial experts. The power of “compound interest”, they pointed out, would increase even with the minimum RM10 contribution to EPF. ALSO READ: EPF continues to be flexible for long-term gains When...
PETALING JAYA: Are there any 100-year-old contributors of the Employees Provident Fund (EPF) out there? The answer is yes! The EPF recently posted a general notice including in The Star classified ads seeking to contact people who are 100 years old and above who have not claimed their EPF savings. The fund said members and their beneficiaries...
