Consider allowing “wholesome” EPF withdrawals post-MCO

“How can I enjoy my retirement when I can’t even survive now with the Covid-19 pandemic?” The above encapsulates the plight of many Malaysians especially the B40 and lower segment of M40 groups who are struggling to make ends meet during this economic distress caused by the Covid-19 pandemic and Movement Control Order.

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Report: MCO impacts household spending

KUALA LUMPUR (April 8): The Movement Control Order (MCO) to combat the COVID-19 outbreak has impacted the country’s household spending patterns, recording a decrease of RM3,504 or 55%, reported The Malaysian Reserve (TMR) based on figures by the Department of Statistics Malaysia (DoSM).

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