Parliamentary Sitting Expected to Focus on EPF Contributions for Non-Citizens and GDP Growth Rate
The Dewan Rakyat sitting today is expected to focus on two key issues: the suggestion of Employee Provident Fund (EPF) contributions for non-citizens and the value...
Amendments to EPF Act to Compel Foreign Workers to Contribute to Fund
Background
The Employees Provident Fund (EPF) is a retirement fund in Malaysia that provides a secure financial future for its members. The fund is mandatory for Malaysian citizens and...
EPF Announces 6.3% Dividend Rate for 2024
Record-High Dividend Rate Since 2017
The Employees Provident Fund (EPF) has announced a 6.3% dividend rate for both Simpanan Konvensional and Simpanan Shariah for 2024, the highest since 2017. According to Chief Executive Officer...
EPF Dividend Expectations: A Slight Increase Expected for Conventional Savings
Petaling Jaya: The Employees' Provident Fund (EPF) is expected to announce a dividend of more than 5.8% for conventional savings, a slight increase from the 5.5% declared in 2023, according...
EPF Attracts Record RM13 Billion in Voluntary Contributions
Confidence in the System
The Employees' Provident Fund (EPF) has attracted a record RM13 billion in voluntary contributions last year, a testament to the public's confidence in the statutory body. According to an...
Government's Proposal to Introduce Employees Provident Fund (EPF) Contribution for Foreign Workers
Finance Minister II Amir Hamzah Azizan recently spoke at the ESG and Sustainability Conference 2024, where he discussed the government's proposal to introduce Employees Provident Fund (EPF) contribution...
Federation of Malaysian Manufacturers Raises Concerns Over Mandatory EPF Contributions for Foreign Workers
Unexpected Announcement
The Federation of Malaysian Manufacturers (FMM) has expressed disappointment over the government's "unexpected" announcement that all foreign workers would be required to contribute to Employees' Provident...
