Approves Changes News Today

Apr 22, 2021 Cabinet Approves Changes to Public Officer Salaries The details of Wednesday’s cabinet meeting were released late this afternoon. The big news is that the Minister of the Public Service, Henry Charles Usher, will proceed to fix the salaries of public officers due to the deteriorated state of public finances.  To soften the blow, cabinet agreed to grant a land credit to the affected public officers that’s equivalent to fifty percent of the salary adjustment. This may b...

On November 16, Malaysias Employees Provident Fund ( EPF) introduced a new policy (i-Sinar) that allows around 8 million provident fund members aged 55 or younger who have lost their jobs or experienced a significant income reduction because of the COVID-19 pandemic to withdraw a portion of their Account 1 balances. (The EPF provides two types of individual accounts for members younger than age 55: Account 1 that funds retirement and Account 2 that may be accessed before retirement for...