The EPF i-Lestari initiative was launched last month to help contributors meet their basic monthly financial needs during the Covid-19 pandemic.
The money, from Account 2, will be credited into their bank accounts between May 4 and 18, he said in a statement here today. “This aggregate liquidity is needed not only to help the people get disposal income but also to create the market liquidity required by the retail sector, allow money to change hands and create a multiplier effect on the country’s economy,” he said.“This unprecedented health emergency had shrunk cash flow in the market after many people lost their sources of income.
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EPF says 3.5 million contributors getting i-Lestari money | Malay MailKOTA KINABALU, May 9 — The Employees Provident Fund (EPF) has approved withdrawals from Account 2 totalling RM1.66 billion by 3.5 million contributors under the i-Lestari initiative launched last month, said Deputy Finance Minister I Datuk Abdul Rahim Bakri. The money would be credited into their... Important to note, this i-Lestari money is money that belongs to contributors. NOT government assistance. i-Lestari is self saving deduction scheme, please don't write as though our EPF contributors just hit a lottery jackpot. Whatever amount got chipped away today, remember a part of tomorrow's life line just got shredded along the way. Will editors edit better next time? It is the EPF members’ own money, withdrawn via the i-Lestari scheme. It is not money from the EPF nor from the backdoor government.
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EPF says 3.5 million contributors getting i-Lestari money | Malay MailKOTA KINABALU, May 9 — The Employees Provident Fund (EPF) has approved withdrawals from Account 2 totalling RM1.66 billion by 3.5 million contributors under the i-Lestari initiative launched last month, said Deputy Finance Minister I Datuk Abdul Rahim Bakri. The money would be credited into their... Important to note, this i-Lestari money is money that belongs to contributors. NOT government assistance. i-Lestari is self saving deduction scheme, please don't write as though our EPF contributors just hit a lottery jackpot. Whatever amount got chipped away today, remember a part of tomorrow's life line just got shredded along the way. Will editors edit better next time? It is the EPF members’ own money, withdrawn via the i-Lestari scheme. It is not money from the EPF nor from the backdoor government.
Source: malaymail - 🏆 1. / 86 Read more »