3.4 mln EPF members transfer RM10.86 bln to flexible account as of June 10
These withdrawals can be accommodated by EPF's current cash balance, net cash inflows from contributions, maturities and investment income.
Thu Jun 27 2024
RM24.2 mln withdrawal fraud: All suspects received commissions of RM100,000 to RM240,000
Police suspect the mastermind is skilled in forging IDs and fingerprints to facilitate withdrawals.
Fri Jun 21 2024
RM24.2 million fraud: Cops detained 13 individuals, including four bank employees
The individuals have been detained to assist the investigation of fraudulent withdrawals from several fixed deposit accounts.
Wed Jun 19 2024
Account 3 withdrawals have no influence on EPF's investment strategy - EPF CEO
The EPF's overall investment assets stand at RM1.2 trillion, so these withdrawals are actually manageable, says CEO Ahmad Zulqarnain Onn.
Thu Jun 13 2024
EPF's Account 3: Avoid impulsive withdrawals, financial planning crucial - Experts
The ability for EPF to withdraw funds from Account 3, especially upon retirement, presents both opportunities and challenges.
Thu May 09 2024
M'sia mulls giving full tax exemption on emergency PRS withdrawals
Malaysia is considering to provide full tax exemptions on withdrawal from private retirement scheme (PRS) funds for emergency purposes.
Wed May 08 2024
Govt finalising EPF Flexible Account details - Ahmad Maslan
Deputy Finance Minister Datuk Seri Ahmad Maslan says the Flexible Account's aim is to assist EPF members for withdrawals during emergencies.
Mon Oct 23 2023
PM Anwar reiterates no more EPF withdrawals
In addition to his call for no further withdrawals, Anwar has also proposed that the EPF increase its domestic investments to 70% of its total investments, up from 64% last year.
Mon May 08 2023
EPF withdrawal: Govt will not adopt populist approach, says Rafizi
Rafizi said taking the money out of the EPF would drastically reduce its fund size and severely impact the fund manager's flexibility.
Tue Mar 21 2023
Govt urged to consider remaining funds of contributors before allowing EPF withdrawals
Amirudin said the remaining savings of contributors are becoming more worrying following several special withdrawal initiatives.
Mon Feb 20 2023
Median EPF savings of all Malaysians down 50pct, that's why no more withdrawals allowed - Ahmad Maslan
More than RM145 bln was withdrawn by 8.1 mln individuals during the pandemic under four special withdrawal schemes, Ahmad Maslan said.
Thu Feb 16 2023
Govt to find ways to reduce people's financial stress without withdrawing EPF savings
Anwar said the people had already been allowed to make several EPF withdrawals before, which caused their retirement amount to decline.
Thu Feb 09 2023
Another round of EPF withdrawals not viable, warn economists
Previous withdrawals have already left millions without pension savings, forcing them to work beyond retirement.
Tue Jan 31 2023
Best for govt to look for other options than special EPF withdrawals - Anwar
PM Anwar said the government will have to consider the plight and the future of EPF contributors before they are allowed another round of special withdrawals.
Mon Jan 16 2023
Property agent loses RM7 mln to Macau scam
The victim realised she had been cheated after checks with Bank Negara found that withdrawals were made from her seven bank accounts.
Tue Dec 06 2022