Govt securities to remain robust despite restructuring of EPF accounts
KUALA LUMPUR: CIMB Investment Bank Bhd (CIMB IB) expects the impact of the Employee Provident Fund’s (EPF) introduction of a third account, which allows for flexible withdrawals, on Malaysian Government Securities (MGS) and Government Investment Issues (GII) demand to be mitigated by strong net contributions, ample onshore liquidity, and government-linked investment company (GLIC) and government-linked […]
EPF members to have flexible account from May 11
KUALA LUMPUR: The Employee Provident Fund (EPF) today announced the EPF Account Restructuring Initiative, which will take effect on May 11, with the introduction of a Flexible Account for short-term financial needs. EPF Chief Executive Officer, Encik Ahmad Zulqarnain Onn, in a statement, said the main focus of the initiative is to empower members in […]