Epf May Have To Sell Overseas Assets If Fourth Round Of Withdrawals Allowed


 



PARLIAMENT | If the government allows contributors to withdraw money from their retirement savings accounts under the Employees Provident Fund (EPF) for the fourth time, the statutory body may be forced to sell more of its investment assets overseas.
“If we were to allow the withdrawal of RM10,000 on a one-off basis, the number of members who are qualified to make the withdrawals is expected to be around 6.3 million people, which may involve a total of RM63 billion of additional withdrawals.
“If this is allowed, EPF will have to implement portfolio balancing and its impact may exceed the withdrawals worth RM63 billion.
“In order to prepare for the withdrawals worth RM63 billion, EPF will have to sell more of its investment assets overseas in a volatile market, especially with the recent Russia-Ukraine crisis,” Finance Minister Tengku Zafrul Abdul Aziz said.
He said this while winding up the debate on the royal address in the Dewan Rakyat today.
A number of lawmakers had previously urged, in their debates, for the government to allow another round of withdrawals from EPF due to the financial difficulties faced by the rakyat after two years under the Covid-19 pandemic.
These MPs include Lim Guan Eng (Pakatan Harapan-Bagan), Ahmad Fadhli Shaari (PAS-Pasir Mas), Najib Abdul Razak (BN-Pekan), Ahmad Hassan (Warisan-Papar), Abdul Azeez Abdul Rahim (BN-Baling), Bung Moktar Radin (BN-Kinabatangan), Ahmad Jazlan Yaakub (BN-Machang), Alice Lau (Harapan-Lanang) and Shaharizukirnain Abd Kadir (PAS-Setiu).
Finance Minister Tengku Zafrul Abdul AzizZafrul has repeatedly said he does not agree to another round of withdrawals from EPF as 48 percent of members under the age of 55 years old now have less than RM10,000 in their retirement savings account after the three previous rounds of withdrawals.
In the Dewan Rakyat today, he noted that EPF’s dividend for conventional savings for 2021 could have reached 6.7 percent, instead of 6.1 percent, had it not been for the three previous rounds of withdrawals.
“This means RM5.4 billion in terms of the additional dividend could have been distributed to all EPF members if those withdrawals had not been made.
“This loss of RM5.4 billion from the dividend has caused about 5.3 million members, who have never withdrawn their savings through any of the withdrawal schemes previously, to be forced to accept lower returns on their savings.
“I would like to ask all the YBs, who also represent the contributors who have never withdrawn their savings: is this fair?” Zafrul said. - Mkini


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2022/03/epf-may-have-to-sell-overseas-assets-if.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Putrajaya Allows Another Round Of Epf Withdrawals

Putrajaya Allows Another Round Of Epf Withdrawals

papar berkaitan - pada 16/3/2022 - jumlah : 222 hits
Prime Minister Ismail Sabri Yaakob today has announced another round of special Employee Provident Fund withdrawals Contributors will be able to withdraw up to RM10 000 However I urge contributors to maintain their savings unless the situat...
Anwar Joins Calls For Epf Withdrawals

Anwar Joins Calls For Epf Withdrawals

papar berkaitan - pada 10/3/2022 - jumlah : 322 hits
Those who are in dire straits must be allowed access to their funds in the EPF says Anwar Ibrahim PETALING JAYA Opposition leader Anwar Ibrahim supports the call for the government to allow the withdrawal of funds from the Employees Provide...
Repeated Epf Withdrawals A Ticking Time Bomb

Repeated Epf Withdrawals A Ticking Time Bomb

papar berkaitan - pada 17/3/2022 - jumlah : 231 hits
From Benedict Weerasena and Abel Benjamin LimThere is a well known proverb in the Malay language that goes Sediakan payung sebelum hujan which in direct translation means to prepare an umbrella before it rains Often quoted as a reminder of ...
Anwar Focuses On Epf Withdrawals In Johor Election Campaign

Anwar Focuses On Epf Withdrawals In Johor Election Campaign

papar berkaitan - pada 11/3/2022 - jumlah : 205 hits
Political campaigns are known to be focused on character assassination and mud slinging among politicians However Opposition leader Datuk Seri Anwar Ibrahim said he wants the Pakatan Harapan campaign in the Johor polls to focus on economic ...
Pathetic For Anwar And Guan Eng To Call For More Epf Withdrawals Psm Says

Pathetic For Anwar And Guan Eng To Call For More Epf Withdrawals Psm Says

papar berkaitan - pada 11/3/2022 - jumlah : 312 hits
PARTI Sosialis Malaysia criticised PKR president Datuk Seri Anwar Ibrahim and DAP secretary general Lim Guan Eng for joining the chorus to pressure the Government to allow another round of withdrawals from the Employees Provident Fund It s ...
Put Ge15 On Hold Let S Have Mou 2 0 Loke Tells Pm

Put Ge15 On Hold Let S Have Mou 2 0 Loke Tells Pm

papar berkaitan - pada 10/3/2022 - jumlah : 194 hits
PH signed the MoU with Ismail Sabri Yaakob last September to restore political stability following a change of government KUALA LUMPUR DAP national organising secretary Loke Siew Fook has called on Prime Minister Ismail Sabri Yaakob to exte...
Puma And Ami Have Partnered To Celebrate Family And Friends With An Exclusive Collaboration

Puma And Ami Have Partnered To Celebrate Family And Friends With An Exclusive Collaboration

papar berkaitan - pada 8/3/2022 - jumlah : 249 hits
Romeo Beckham and Mia Regan debut in a global campaign as a couple with PUMA and AMI Parisian house AMI joins the PUMA family in a collaboration that puts together tailoring and innovative sportswear design The collection and the campaign f...
Open Your Eyes Listen To What Others Have To Say Says Hamid

Open Your Eyes Listen To What Others Have To Say Says Hamid

papar berkaitan - pada 5/3/2022 - jumlah : 383 hits
Hamid Bador also advised those in power to live a decent life and be honest to the core KUALA LUMPUR Former inspector general of police Abdul Hamid Bador has offered some advice to those in power after the Enforcement Agency Integrity Commi...
Kuching South Mayor Outsiders Have No Right To Tell Sarawak What Chinese Translation Of Premier Should Be

Kuching South Mayor Outsiders Have No Right To Tell Sarawak What Chinese Translation Of Premier Should Be

papar berkaitan - pada 6/3/2022 - jumlah : 709 hits
Kuching South mayor Datuk Wee Hong Seng Borneo Post Online picKUCHING March 6 Non Sarawakians have no right to tell Sarawak what the word Premier which replaces the title of chief minister should be translated as in Chinese said Kuching Sou...
Myanmar Data Lawsuit Hits Telenor Raising Questions For Celcomdigi

Best Beef Tallow Recipe Ideas

Lirik Lagu Akhirnya Kamu Bella Astillah Ft Daniesh Suffian

Koleksi Video Lawak Kucing Ai

Gambaran Yang Diberi Dalam Keputusan Fifa Tak Tepat Fam

Kerajaan Cadang Naikkan Cukai Vape Daripada 40 Sen Kepada Rm4 Per Mililiter

Bubur Jagung Lemak Manis Rasa Tradisi Yang Buat Kita Rindu Dapur Mak

Mufti Pahang Jangan Korbankan Nilai Islam Dalam Menganjurkan Majlis Rasmi Kerajaan Yang Dihadiri Orang Muslim


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Kenapa Hidup Kita Rasa Sibuk Tapi Tak Pergi Mana Mana Tukang Karut

Bolehkah Gempa Bumi Diramal

Kepentingan Pengeluaran Silaj Tempatan Rumput Napier Sebagai Kunci Kelestarian Industri Ternakan

Printing Kotak Packaging Premium Sesuai Untuk Produk Anda Tak Kira Besar Atau Kecil

Gachawin 16 September Gachawin Top 92 By Collin

Westbluez 24 Westbluez Top 51 By Chau