EPF and stable salaried employment alone no longer provide adequate retirement security KUCHING: Malaysia is ageing far faster than previously assumed, with the share of those aged 65 and above projected to double to about 14 per cent by 2040, according to a new research paper by PNB Research Institute.
KUCHING: Malaysian Employers Federation (MEF) welcomes the Ministry of Entrepreneur Development and Cooperatives (KUSKOP’s) RM100 million financing allocation for micro, small and medium enterprises (MSMEs). The allocation is being rolled out through the BR PROSPER-i and SME Bank SUCCESS financing programmes. MEF President, Datuk Syed Hussain Syed Husman, said access
KUCHING: i-Legasi may let families tap Employees Provident Fund (EPF) Account II, but it could thin retirement buffers. An EPF officer said an internal initiative referred to as i-Legasi is expected to be announced around Feb 1, amid public claims about allowing Account II support for family members. Swinburne University
KUCHING: Verification delays, weak connectivity and slow reimbursements risk blunting the impact of the government’s plan to expand Sumbangan Asas Rahmah (SARA) outlets from 3,000 to 10,000, according to the Sarawak Chamber of Commerce & Industry (SCCI) SCCI deputy president Albert Tang said the chamber supports the expansion, noting its
KUCHING: Open-market home prices are being pushed higher as developers absorb the cost of capped affordable housing and pass it through to medium-cost units, particularly affecting the M40 segment. Responding to remarks by Sheda Institute chairman Datuk Jeffrey Ng Tiong Lip, Sarawak Housing and Real Estate Developers’ Association (SHEDA) adviser
KUCHING: Payment reliability is becoming a daily operational pressure for Malaysian businesses as cashless transactions move from convenience to necessity. Paydibs chief executive officer Tee Kean Kang said that by 2026, digital payments will no longer be optional. Instead, they will be a consumer-driven requirement that reshapes how businesses operate.
KUCHING: Reports of younger employees leaving their jobs within 12 to 18 months are beginning to surface among Sarawak employers, according to business groups. The Secretary-General of the Associated Chinese Chambers of Commerce and Industry of Sarawak (ACCCIS) and the Sarawak Business Federation (SBF), Datuk Jonathan Chai, said neither organisation
KUCHING: Smaller Bumiputera-owned firms in Sarawak are struggling to retain young employees amid rising job-switching trends, according to the Sarawak Bumiputera Entrepreneurs Chamber (DUBS). Its president, Datuk Abang Helmi Ikhwan said concerns raised by the Malaysian Employers Federation (MEF) over frequent job changes among young workers are valid. “The factors
KUCHING: A 1,780 FBM KLCI target for the end of 2026 is back on the table as the ringgit strengthens and the return gap widens in favour of equities. AFFIN Group Research Head, Loong Chee Wei, said the index is up 2 per cent year-to-date and is at 1,715 currently.
KUCHING: Small cap index in Malaysia ended with a 12 per cent reduction last year, leaving them at a 50 per cent valuation discount to the FBM KLCI. AFFIN Group Research Head, Loong Chee Wei, said the pricing gap is now shaping where investors and research houses are looking for