Page 26 - Epf News Today

Deputy minister says average domestic funding stood at 64.9%.

As per the draft Annual Report 2022-23, EPFO disbursed Rs 17,106.17 crore in 2020-21 benefitting 6.92 million beneficiaries, Rs 19.126.29 crore in 2021-22 to 9.16 million beneficiaries and Rs 11,843.23 crore to 6.20 million beneficiaries in 2022-23.

Provisional payroll data of EPFO, released on Monday, shows 1.72 million net new jobs were created in September compared to 1.69 million added in August this year or 1.68 million added during the same month last year.

KUALA LUMPUR: The issue of insufficient savings in the Employees Provident Fund (EPF) is at a serious level, with 6.3 million members under the age of 55, or 48%, having less than RM10,000 in their accounts as of Sept 30, says the Finance Ministry.

EPF CEO Amir Hamzah points out that global stock returns turned negative in the third quarter amid concerns about China’s economy and high interest ra...

The Employees Provident Fund (EPF)’s total investment income rose 19.36% year-on-year (y-o-y) to RM14.67bil for its third quarter ended Sept 30, 2023 (3Q23), driven by gains as a result of a weaker ringgit.

The Employees Provident Fund (EPF) has allocated RM97bil, or 83% of its total fund, for domestic investments this year, says the Finance Ministry (MoF).

Argentine stocks rallied broadly on Monday following the election victory of Javier Milei, who has said he would work to privatize industries.

For the Senior Citizen's Savings Scheme, the new norms provide three months to open an account against one month's time at present.

The crowd cheered as Lynne Pinches gathered her things and walked away from the table.