RM10,000 particular withdrawal won’t have an effect on EPF’s funding technique: CEO

KUALA LUMPUR: The RM10,000 particular withdrawal facility won’t have an effect on the Staff Provident Fund’s (EPF) funding technique this 12 months, stated chief govt officer Datuk Seri Amir Hamzah Azizan.

“We all the time have the capability to handle it (withdrawal) however our focus has all the time been to assist members post-withdrawal to revive again their financial savings as a result of it will be significant that they discover steadiness for the long-term retirement.

“The scheme has been permitted by the federal government and it’ll run…EPF will help alongside the best way,” he informed reporters after the launch of EPF’s Sustainable Funding Coverage and Exterior Fund Managers Pledge right here, as we speak.

The coverage was launched by Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

On March 16, Prime Minister Datuk Seri Ismail Sabri Yaakob introduced that the federal government determined to permit EPF contributors to make a particular withdrawal of RM10,000 to ease the burden of Keluarga Malaysia members who’re nonetheless impacted by the COVID-19 pandemic.

Members can begin making use of for the particular withdrawal by way of the portal, pengeluarankhas.kwsp.gov.my, which can be accessible by way of i-Akaun cellular software, beginning tomorrow.

In the meantime, Amir Hamzah stated the EPF is bullish concerning the reopening of the nation’s worldwide border tomorrow because it may spur the funding panorama, each international and home buyers.

“Borders reopening might be good for Malaysia, so it’ll assist promote and get issues working once more.

“From an investing portfolio perspective, we’re optimistic that Malaysia may also see development coming again, and for us, it will be significant as a result of the home portfolio is a really robust anchor for us within the house,” he stated.

He cited that the EPF is repeatedly diversifying its investments, and is aggressively in search of higher alternatives with Malaysia remaining as an anchor market. – Bernama


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