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Economy 101

Anything to do with economy, budget, taxpayers money and trade

Finance 101: Understanding Malaysia’s Employees Provident Fund (EPF): History, Withdrawal Options, and Key Differences

Employees Provident Fund EPF KWSP Economy Money

The mid-20th century, particularly the period following World War II, witnessed a significant surge in the establishment of comprehensive (EPF) systems across the globe. Several key factors drove this. The devastation of the war underscored the need for stronger social safety nets, including provisions for income. Governments, eager to rebuild their economies and foster social stability, recognized the importance of providing workers with financial security. Image source: NSTRead More »Finance 101: Understanding Malaysia’s Employees Provident Fund (EPF): History, Withdrawal Options, and Key Differences

Economy 101: The Indian Community in Malaysia & The Painful Challenges

Malaysian Indian

The Indian diaspora is the largest in the world, with the Ministry of External Affairs reporting a total of 35.4 million Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) living abroad as of May 2024. The United States, the United Arab Emirates, and are among the top destinations for Indian migrants. This vibrant community contributes significantly to the workforce and cultural diversity, reflecting ‘s historical ties and its growing influence on the international stage. Image source: X / Govt of India

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