Finance Ministry: RM10.78b withdrawn from EPF Account 3 as at Sept 30 Posted on 03/12/2024 KUALA LUMPUR, Dec 3 — A total of RM10.78 billion has been withdrawn from the Employees Provident Fund (EPF) Account 3 (Flexible Account) by members below 55, stated the Ministry of Finance (MoF). The ministry said in a parliamentary written reply yesterday that the sum involved 3.86 million or 29.4 per cent of EPF members below 55, as at September 30, 2024. Flexible Account or Account 3 was introduced to assist EPF members in managing short-term financial needs that could negatively impact their well-being in retirement if left unmet. “Funds in this account can be withdrawn at any time for any purpose according to the member’s needs, especially during emergencies,” according to MoF. The statement was in response to a question by Datuk Wan Saifulruddin Wan Jan (PN-Tasek Gelugor), who asked the MoF to clarify the effectiveness of EPF Account 3 in helping contributors facing urgent financial situations. The ministry also said that indirectly, withdrawals through the Flexible Account can improve cash flow and assist members in need, particularly in urgent situations. — Bernama News
Sarawak state assembly tightens rules: Standing Orders amended to ensure accuracy in legislative proceedings Posted on 13/11/2024 KUCHING, Nov 12 — The Sarawak state legislative assembly today passed a ministerial motion to amend its Standing Orders, which emphasises on ensuring the accuracy of information referenced during assembly proceedings. Tabled by Sarawak’s Tourism, Creative Industry and Performing Arts Minister Datuk Seri Abdul Karim Rahman Hamzah, the motion was… Read More
Decision on punishment for 5 UPNM cadets in 2 weeks Posted on 16/11/2024 Defence minister Khaled Nordin said although military training is indeed tough, it does not involve acts of cruelty such as assaults with hot irons. (Envanto Elements pic) PETALING JAYA: A decision will be made in two weeks on what sort of punishment should be meted out to five bullies at… Read More
Bukit Aman dismisses claims of MyKad data sale on dark web, cites no evidence Posted on 05/12/2024 KUALA LUMPUR, Dec 4 — The Royal Malaysian Police (PDRM) has not received any police reports regarding the allegation that MyKad data of Malaysian citizens is being sold via the dark web. Bukit Aman Commercial Crime Investigation Department (CCID) deputy director (Investigation) Datuk Rohaimi Md Isa said that the investigation… Read More