PETALING JAYA: With economic recovery and balancing lives and livelihood as the utmost national priority, business groups say Putrajaya has done well so far in charting the right course for the country.
Pix for illustration purposes.
PETALING
JAYA: Efforts must be made to replenish the savings of those who have exhausted nearly all of their retirement money, financial experts say.
Commenting on a disclosure by outgoing Employees Provident Fund (EPF) chief executive officer Tunku Alizakri Raja Muhammad Alias on withdrawals made by 30% or 1.6 million members of the fund, the experts called for concerted efforts by contributors, employers and the government to boost the retirement savings of those affected.
Tunku Alizakri said some EPF contributors might only have a minimum required balance of RM100 in their accounts following withdrawals.
Financial planner Felix Neoh advised contributors to increase their monthly contributions as members can put into their accounts RM60,000 a year, over and above their yearly deductions.
Malaysian Employers Federation (MEF) called upon private sector employers to continue to support the government’s efforts to stop the spread of the Covid-19 pandemic by encouraging their employees to be vaccinated.
Entrepreneurs back Johor MB s call thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
The Straits Times
Malaysian entrepreneurs back Johor Menteri Besar s call to reopen border with S pore
The border with Singapore has been closed since Malaysia s movement control order was first implemented on March 18, 2020.PHOTO: ST FILE
PublishedFeb 26, 2021, 9:02 am SGT
https://str.sg/JVT5
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