tags - Sinar Daily

Professor Dr Barjoyai Bardai says 6.3 million depositors have around RM10,000 in savings

Muhyiddin Yassin at PN manifesto launch tonight

Umno Youth Chief Datuk Asyraf Wajdi Dusuki says there is a need for a holistic approach to dish out appropriate aid.

Photo: BERNAMA

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.

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.

Expressing his concern for Malaysia's ageing society, Malaysian Healthy Ageing Society adviser Professor Nathan Vytialingam said retirees will need every penny they could save in order to sustain a healthy lifestyle that can help reduce the risk of falling sick. - Picture credit of Malaysian Healthy Ageing Society

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

Wet weather continues to batter Malaysia leaving with many states facing flash floods, displacing thousands and damaging properties in the untold millions. - Bernama Photo

Umno Youth chief Asyraf Wajdi Dusuki (left) along with Prime Minister Ismail Sabri Yaakob (right) sitting together during the party's annual general assembly at the World Trade Centre today. - Bernama Photo