tags - Sinar Daily

To ensure smooth traffic flow and prevent untoward incidents, the police are planning a 10-day operation dubbed Op Selamat 18, from April 29 till May 8. - Photo: BERNAMA

The structuring of the haj payment could help prospective pilgrims, especially the B40 group, to fulfil the fifth pillar of Islam despite being less able.

Sabah Youth and Sports Minister Datuk Ellron Angin (four from left) receives a souvenir from Sabah EPF branch head Sabarudin @ Sabree Hassan during a courtesy call at the ministry at Wisma Muis, Kota Kinabalu.

Economic expert from Universiti Putra Malaysia (UPM) Putra Business School Associate Professor Dr Ahmed Razman Abdul Latiff said the country’s economic growth is expected to increase by three per cent in the next round of special withdrawals from the EPF, only if contributors spent it on basic needs.

From April 1, EPF contributors can withdraw RM10,000 to ease burden after the Covid-19 pandemic.

Ideas warns that the government’s recent decision to allow another withdrawal of up to RM10,000 from EPF savings risks leaving even more EPF contributors with insufficient savings once they reach retirement.

Lack of retirement savings could lead to social crises such as homelessness according to economists. - Picture courtesy of Johor Bahru City Council

Photo for illustration purpose only - Source: 123rf

Ketum or its scientific name, Mitragyna specios - Source: 123rf

6.3 million of 14 million contributors have lesser than RM10,000 in savings