With increased withdrawals and reduced contributions amid Covid-19, it is no surprise that outgoing CEO Tunku Alizakri Alias said the savings adequacy of more of its members are expected to deteriorate due to Covid-19.
Outgoing CEO, Tunku Alizakri Alias: Tiered dividend is a very complex structure, it has both its pros as well as its disadvantages. We [the EPF] have always operated from an ‘everybody gets the same dividend’ base philosophy. Tiered dividend would actually suggest that there will be ways for us to go and deliver our dividends to our members in very different ways in the future, so again, this is a very complex issue and this is something that the EPF will have to go and touch base with our members at the end of the day because our members need to have a say in how the dividends that they will be receiving in the future should be structured.
EPF chairman Tan Sri Ahmad Badri Mohd Zahir said in the statement that the pension fund managed to safeguard its members’ retirement savings well while meeting their immediate needs to deal with the current challenges.
Only 8.8% do not want the vaccine
A couple of figures struck as an anomaly: 7% households earned at least RM5,000 a month, while 2% above RM7,000 a month as at September this year.
Current rental rates of PPR under DBKL range from RM95 to RM135 per month.
Lack of awareness is one reason government aid is not reaching enough people whom social programs are meant to assist, representatives from two United Nations agencies here said after reviewing a study on the impact of Covid-19 on low-income households.
"The suspension of Parliament does not mean there would not be a 2021 Budget (slated to be tabled on Nov 6). It would just mean that the budget would not need parliamentary approval," the source said, adding that the entity that assumes emergency power to run the government alone will decide on the budget.
While there were also requests for a bigger amount of aid, DM Analytics managing director Muhammed Abdul Khalid said many low-income households surveyed wanted assistance that can have a more lasting impact on their livelihoods, such as equipment to start a burger stall, a place to sell goods or a microloan to start their own business.
While "20th Century Fox" has been dropped from the name from its multibillion-ringgit outdoor theme park, the new outdoor theme park will still feature movies from 20th Century Fox as well as other unnamed "international class" movie-themed attractions