Malaysia

Govt must find other ways to help rakyat besides EPF withdrawals: Anwar

Most contributors have very small savings, notes prime minister

Updated 3 years ago · Published on 16 Jan 2023 7:52PM

Govt must find other ways to help rakyat besides EPF withdrawals: Anwar
Datuk Seri Anwar Ibrahim (top right) says he has seen tat most contributors have very small savings, and if the government allows withdrawals again, it will affect the future of the contributors themselves. – Bernama pic, January 16, 2023

KANGAR – Prime Minister Datuk Seri Anwar Ibrahim said the government will have to consider the plight and future of Employees Provident Fund (EPF) contributors before they are allowed another round of special withdrawals. 

Anwar said it was better for the government to look for other effective options to help those impacted by or who had lost their source of income due to the Covid-19 pandemic. 

He said this is because most contributors have very small savings, and if the government allows withdrawals again, it will affect the future of the contributors themselves.

“Too little…I’ve checked the amount of savings and for a majority of contributors, it is too small, and I am very concerned about their future.

“It would be better for the government to look for options to help them,” he told reporters after attending the civil servants’ gathering for the prime minister’s 2023 mandate to Perlis here today. 

Yesterday, a group of EPF contributors, Pertubuhan Aktivis Rakyat Malaysia (ProRakyat), called on the government to consider another round of EPF withdrawals of up to RM30,000.

Its president Khairul Anuar Othman said the round of one-off withdrawals between RM10,000 to RM30,000 is a short-term solution so that the people will not run out of cash to spend. 

On development projects in Perlis, the prime minister said the government will look into all projects under the Northern Corridor Economic Region (NCER) after the revised Budget 2023 is tabled on February 24. 

“Matters concerning projects will be discussed with the northern corridor. The menteri besar has sent a list of projects, including Sanglang Port, Perlis Inland Port, food security… These are matters to be focused on, but it would be best to hear the details in the corridor meeting after the (tabling of) the budget,” he said. – Bernama, January 16, 2023

Related News

Malaysia / 1mth

EPF members withdraw RM19.87 billion from Flexible Account as of May 31

Malaysia / 2mth

EPF records investment income of RM27.7b, up 51 per cent in Q1

Malaysia / 3mth

EPF introduces i-Legasi, iEmas, and retirement goal calculator

Malaysia / 4mth

14,332 company directors barred from traveling overseas due to EPF defaults

Malaysia / 4mth

More good news from PM: Guessing game online ranges from EPF withdrawals, free tolls to extra holidays

Malaysia / 5mth

60 per cent EPF members to reach basic savings level of about RM390k by 2030 - Amir Hamzah

Spotlight

Malaysia

Sarawak schools told to halt outdoor activities as haze pushes air quality into unhealthy range

World

Indonesia haze forces schools to close as wildfires intensify amid severe dry season

Malaysia

PN walkout over Tabung Haji debate a political misstep, says analyst

By Alfian Z.M. Tahir

Malaysia

51 witnesses to testify at inquest into death of 10-year-old boy found unconscious in school toilet

Malaysia

Female student arrested for allegedly hurting classmate with kerambit at school

World

Colombia quake death toll hits 111 as rescue teams race to find survivors

World

Trump secretly switched to third aircraft in Türkiye over Iran assassination threat

Malaysia

Anwar questions PN’s priorities after Tabung Haji RCI walkout

Malaysia

MACC, police probing TH after RCI findings as govt warns no one will be spared

By Alfian Z.M. Tahir

You may be interested

Malaysia

51 witnesses to testify at inquest into death of 10-year-old boy found unconscious in school toilet

Malaysia

Malaysia unveils RM4.3 billion renewable energy pipeline as ISES 2026 opens

Malaysia

Man, 49, found dead in Banting plantation

Malaysia

Anwar questions PN’s priorities after Tabung Haji RCI walkout

Malaysia

Sabah and Sarawak can become 'kingmakers', determine who will lead Federal government

Malaysia

RoS probes Bersatu complaint over position in Perikatan Nasional

Malaysia

Guan Eng questions Penang PH's stance on UMNO

Malaysia

Kedah may delay Penang lease claim documents till change of federal government