In a significant overhaul aimed at bolstering financial security for its members, the Employees Provident Fund (EPF) of Malaysia has announced a restructuring of its account system. Starting May 11, all EPF members under the age of 55 will transition from having two accounts to three, each designed to serve distinct financial needs more effectively. New Account Structures for Enhanced Financial...
In a significant development that could reshape financial planning for countless Malaysians, the Employees' Provident Fund (EPF) is undergoing a major restructuring. This includes a rebranding of EPF Account 1 to Account Persaraan (Retirement Account), Account 2 to Account Sejahtera, and most intriguingly, the creation of the new Account 3, also known as the Flexible Account. Here's what you need to know...
The Employees Provident Fund (EPF) is set to yield a profit of RM46 million from the disposal of six retail properties located in Klang Valley and Johor. The properties being sold include the Giant Bandar Kinrara, Giant Putra Heights, Giant USJ, Giant Klang, Giant Ulu Klang buildings, along with the Giant Plentong building in Johor, amounting to a total valuation of RM520 million. Deputy Finance Minister...
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