tags - Sinar Daily

Alyaa Syuhaila Mohamad Shariff, the wife of ‘Datuk Addy Kana' - Photo: BERNAMA

Deputy Director of Research at KRI, Hawati Abdul Hamid and associate professor at Putra Business School Dr. Ahmed Razman provide their insights on the EPF Special Withdrawal facility and how it impacts the economic outlook for Malaysians.

Sam Ke Ting was sentenced to six years jail and was fined RM6,000 by the High Court on Wednesday for reckless driving, causing death of eight teenagers on ‘basikal lajak’. - BERNAMA

Malay Bumiputeras comprise the highest number of applicants according to race at 65 per cent, followed by the Chinese at 12 per cent, and the Indians at 7 per cent, while 17 per cent were Sabah and Sarawak Bumiputeras, and non-citizens. (Source: BERNAMA)

Kindergarten owner Khairuzilawati Ruslan, 57, pleaded not guilty to exposing two children under her care to the risk of injury and drowning two months ago. - BERNAMA

Former 1MDB CEO Arul Kanda Kandasamy at the Kuala Lumpur Courts Complex for his trial on the alleged tampering of the 1MDB final audit report. - BERNAMA

Positively, bailouts can be a considered remedy to save companies and industries whose demise might have dire metastatic consequences for the economy referred to as “systemic significance”. ​​​​​​​However, not all bailouts have the same circumstances and conditions according to the writers. - 123RF Photo

Malaysia’s wholesale and retail trade sales increased by 8.5 per cent year-on-year (y-o-y) to RM117.2 billion in February 2022, according to the Department of Statistics Malaysia (DOSM). - 123RF Photo

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.

Political advocate Siti Rahayu Baharin stated that the EPF withdrawal has shown the dire state of the country’s economy where the people have to rely on this scheme after being affected economically by Covid-19.