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Employees Provident Fund

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 Employees Provident Fund (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 retirement 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

Governance 101: Wasteful & Short-Sighted Again

Governance

(In the Global Competitiveness Report 2010–2011, Malaysia ranks 25 out of 139 countries where public spending & governance is somewhat better managed than the rest but then again, if one reads deeper into the report, Malaysia’s ranking is only 4.2 out of the full 7 on the mark. We are no where close to our neighbour down south who ranks at the top at 6.1 despite their limited natural resources, human resource and living space)

Read More »Governance 101: Wasteful & Short-Sighted Again