EPF refutes allegation of cash crunch crisis
KUALA LUMPUR: The Employees Provident Fund (EPF) has refuted speculations of a cash crunch crisis building up in the retirement funds as well as the amendment of EPF Act 1991 to prevent retirees from withdrawing their savings. In a statement, the retirement savings fund said it has always maintained sufficient liquidity to meet all of […]
New EPF ruling to increase savings
KUALA LUMPUR: All new Employees Provident Fund (EPF) contributions of members who had made withdrawals will be credited into Account 1 until the total amount withdrawn had been replenished, said Deputy Finance Minister Mohd Shahar Abdullah. Only after that will 70 percent of the contributions be credited to Account 1 and 30 percent to Account 2, […]
3QMRC Kindergarten donates RM4,000 to Hope Place
KUCHING: A total of 120 preschoolers from 3QMRC Kindergarten donated RM4,000 to Hope Place Kuching recently. Hope Place said the donation was made in conjunction with a recent charity event organised by the kindergarten. “The pupils are from 3QMRC Kindergarten branches in Stutong, Sekama, Kuching City Mall and Siburan. “For the fund-raising programme, the pupils […]
Extending Petrol Subsidy to M40 will spur economic growth
By Erda Khursyiah Basir KUALA LUMPUR: Experts have lauded the government’s decision to extend the Targeted Fuel Subsidy Programme (PSP) to Malaysians in the middle-income bracket (M40), saying that the move will not only enhance their purchasing power but also help to boost economic growth. Senior lecturer at Universiti Utara Malaysia’s Centre for Economic, Finance […]
