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A large segment of Malaysians in the private sector are dependent on their EPF savings for retirement, as a crucial pillar of the country’s social safety net, which is why EPF continually practises a high standard of corporate governance with professional management to consistently drive high returns. DESPITE the headwinds last year, the Employees Provident Fund (EPF) may declare a dividend rate ranging from 4.0% to 5.5% for 2020, according to a number of economists. Sunway University economics professor Dr Yeah Kim Leng expects a 5.0% to 5.5% dividend rate, pointing out that the fund’s investment income for the first nine months in 2020 exceeded the prorated 2019 dividends – when it declared 5.45% dividends – by 10%. ....
The First Objective - Combating the Covid-19 outbreak The first objective consists of four initiatives that directly relate to healthcare matters, namely: An outline of the Covid-19 vaccination programme to be implemented by the Government, for which a sum of RM3 billion has been allocated; Strengthening the National Healthcare Sector through the recruitment of an additional 3,500 healthcare personnel; Enhancing cooperation between the public and private healthcare sectors to alleviate the strain on the public healthcare system; and Stepping up the testing of employees. The Second Objective - Safeguarding the Rakyat s Welfare The second objective consists of eight initiatives that seek to ....
Enhanced wage subsidies, advanced EPF withdrawals and more in Malaysia s RM15bn PERMAI package Details Published: 19 January 2021 The new package, announced on 18 January, will see the enhancement of the Wage Subsidy Programme, whereby all employers operating in the MCO states will be eligible to apply, irrespective of their sector. Malaysia s Prime Minister Tan Sri Muhyiddin Yassin has announced a new assistance package, as part of the Government s ongoing efforts in ensuring the Rakyat s wellbeing, business continuity and economic resilience. Named Perlindungan Ekonomi dan Rakyat Malaysia (PERMAI), the RM15bn package will improve on the existing, ongoing initiatives introduced in the previous assistance packages, and accelerate the implementation of related initiatives, PM Muhyiddin said. ....
9 minute read Yesterday, Prime Minister Tan Sri Muhyiddin Yassin unveiled the government’s new PERMAI stimulus package, the fifth economic stimulus package in Malaysia aimed at combatting the negative effects of the Covid-19 pandemic. Worth RM15 billion, the PERMAI stimulus consists of 22 initiatives – some of which improve on current initiatives that are already ongoing or accelerating the implementation of said initiatives. So, if you’re wondering why some of the initiatives under PERMAI sound rather familiar, it’s because they may have already been announced or implemented before. To help clear things up, we go through the PERMAI highlights to see which are part of existing initiatives and which are brand-new benefits. ....