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All EPF contributions to be credited into Account 1 to replenish savings — deputy finance minister

All new Employees Provident Fund (EPF) contributions of members who had made withdrawals will be credited into Account 1 until the total amount withdrawn is replenished, said Deputy Finance Minister I Mohd Shahar Abdullah.

EPF withdrawals of RM101b will not affect domestic financial markets: Mohd Shahar

KUALA LUMPUR: The withdrawals of RM101 billion under the Employees Provident Fund's (EPF) i-Sinar, i-Lestari and i-Citra facilities will not affect the domestic financial markets, said Deputy Finance Minister I Mohd Shahar Abdullah.

MoF waiting for PAC report on mismanagement of RM620b by federal govt before taking action | Malaysia

KUALA LUMPUR, Nov 2 The Ministry of Finance (MoF) is waiting for the Public Accounts Committee (PAC) to report its findings by federal auditors that RM620 million in public funds had been lost in 2020 before taking any action. Deputy Finance Minister Mohd Shahar Abdullah told Parliament today.

Dewan Negara approves Windfall Profit Levy (Amendment) Bill 2020

The Dewan Negara on Tuesday (Oct 26) approved the Windfall Profit Levy (Amendment) Bill 2020 aimed at improving the administration of windfall profit levy. The Bill, tabled by Deputy Finance Minister I Mohd Shahar Abdullah, was approved by the majority voice of the senators after the third reading.

Budget 2022 will address foreign worker shortage issue, says Deputy Finance Minister

JOHOR BARU: The government is expected to address the foreign worker shortage issue faced by various sectors in Budget 2022 which will be tabled on Friday (Oct 29).

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