Best for govt to look for other options than special EPF withdrawals, says PM Anwar

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Best for govt to look for other options than special EPF withdrawals, says PM Anwar
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KANGAR, Jan 16 — Prime Minister Datuk Seri Anwar Ibrahim said the government will have to consider the plight and the future of Employees Provident Fund (EPF) contributors before...

KANGAR, Jan 16 — Prime Minister Datuk Seri Anwar Ibrahim said the government will have to consider the plight and the future of Employees Provident Fund contributors before they are allowed another round of special withdrawals.

He said this is because most contributors have very small amounts of savings and if the government allows withdrawals again, it will affect the future of the contributors themselves. “It would be better for the government to look for options to help them,” he told reporters after attending the Prime Minister’s 2023 Mandate to Perlis civil servants gathering here today.

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

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