EPF says monthly pension payout scheme under 13MP still under study
The agency said the proposal is currently being studied and any decision would only be made after thorough engagements with key stakeholders and careful consideration of members' long-term interests., and that existing rules and withdrawal mechanisms remain unchanged.
'Any updates will be communicated through official and timely channels once available,' it said in a statement today.
According to the 13MP document released by the Economic Affairs Ministry yesterday, the government will explore new mechanisms to ensure continuous post-retirement income, aiming to improve workers' well-being, including the separation of EPF contributions into two components, namely retirement savings and monthly pensions. — Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
4 hours ago
- The Star
'It's our best': Sarawak brings signature products to penetrate the Singapore market at Malaysia Fest 2025
SINGAPORE (Bernama): Mi kolok, layer cakes, chocolates, white pepper, and black pepper were among the signature products from the Land of the Hornbills available at the Sarawak Pavilion at the Malaysia Fest 2025 expo currently taking place in Singapore until Sunday (Aug 3). Sarawak Federal Agricultural Marketing Authority (FAMA) Director Norsalawaty Abdul Kadir said these products have their own uniqueness, making them suitable not only for selling directly to visitors but also have export potential. "For example, the Borco branded chocolate from D Mummy's Recipe sold here are made of Bornean cocoa and comes in dabai (Borneo olive), empelajo, and sour brinjal flavours. These are fruit and vegetables grown in Sarawak. "Other markets might have chocolates that contain hazelnut or almond, but Sarawak has empelajo which has a richer taste than almond,' she told Bernama. Norsalawaty said five entrepreneurs from the state have been selected to participate in the Sarawak Pavilion at the expo. She said this first-ever participation by the Sarawak state government through the Ministry of International Trade, Industry, and Investment Sarawak (MINTRED) has been well-received, and hoped that more aspiring entrepreneurs would take part in the expo next year. "We have also matched Sarawakian entrepreneurs and business people with exporters in Singapore. "All the entrepreneurs that we brought here are export ready, including in terms of production capacity, in addition to having the required certification such as halal certification,' she said. Norsalawaty said for the first time at this Malaysia Fest, FAMA had brought in 400 kilograms of citron from Sarawak to allow visitors to sample and enjoy the agricultural produce as part of the "Island of Tropical Fruits' segment. "For the time being, citron is not yet widely grown in Sarawak. If there is demand here, we hope it can motivate our farmers,' she said. FAMA had brought in about 10 tonnes of tropical and seasonal fruit to the expo this time. Jutaan Purnama Sdn Bhd Managing Director, Saiful Hammidi Hamid, said the company's products such as Purnama Taste branded mi kolok, mi kampua and mi pok are looking for opportunities to be exported to Singapore and the wider market. He believed Sarawakian products have their own market as well as able to penetrate the wider international market. "Our products are now marketed not just in Malaysia but also in Paris this year following our participation at the expo there. They have been very well received. We started small through cargo export and recently we started using containers,' he said. Malaysia Fest 2025 themed "Unlock The Treasures of Malaysia' is taking place from July 31 to August 3 at Hall 5A and 5B, Singapore Expo from 10 am to 10 pm. Organised by MegaXpress International with the cooperation of the Ministry of Agriculture and Food Security through FAMA, the programme offers 321 booths and is participated in by 220 Malaysian entrepreneurial companies. - Bernama
Free Malaysia Today
5 hours ago
- Free Malaysia Today
Kuching to have longest riverfront and new landmark garden
Kuching North mayor Hilmy Othman said a 16-hectare floral garden will be developed near Jalan Astana and would be a major public attraction and eco-tourism destination. (Bernama pic) PETALING JAYA : The Kuching Waterfront is to be extended and will be Malaysia's longest river waterfront under a development plan by the Kuching North City Hall which includes a 16-hectare floral garden, inspired by Singapore's Gardens by the Bay. Kucing North mayor Hilmy Othman said the extended Kuching Waterfront will run from Sungai Bintangor to the Satok Bridge, the Borneo Post reported. The project is part of plans by the city hall (DBKU) to transform Kuching into a low-carbon, globally competitive capital city under Sarawak's development strategy. The 16-hectare floral garden, one of the headline projects, is to be developed near Jalan Astana. Hilmy said the floral garden would serve as a major public attraction and eco-tourism destination, drawing both tourists and plant lovers. Complementing this is the upcoming Bamboo Gallery, a 25-hectare green architecture and sustainability education centre near Jalan Crookshank. 'These projects aim to preserve the site's natural greenery and heritage,' Hilmy said. He said DBKU would continue investing in infrastructure that blends sustainability with public benefit. The city has already installed more than 2,000 smart streetlights to cut energy use and reduce maintenance costs, along with over 300 CCTVs to boost security. A smart parking system, set to replace the coupon model, is expected to be fully operational by the end of 2025 and integrated into the iDBKU digital platform.
Malaysian Reserve
5 hours ago
- Malaysian Reserve
SAMB implements new water tariff rates effective Aug 1
SYARIKAT Air Melaka Berhad (SAMB) has introduced new water tariff rates, effective Aug 1, aimed at keeping the state's water supply system sustainable, stable, and ready to meet future challenges. In a statement, SAMB said the adjustment was made without burdening the majority of domestic users, particularly the 312,396 registered households that use water prudently. 'This adjustment also involves 48,788 non-domestic accounts involving business premises, industries, government agencies, charitable institutions, places of worship, shipping and data centres, which will contribute more equitably to the cost of providing water services,' it said. The revised water supply tariff rates for Melaka are as follows: 1. Domestic (Residential): Minimum charge: RM9.40 0-20 cubic metre(m³): RM0.94/m³ 21-35 m³: RM1.69/m³ More than 35 m³: RM2.26/m³ 2. Domestic (Residential Bulk Meter): Minimum charge: RM25 Consumption: RM2.22/m³ 3. Business/Industry/Government: Minimum charge: RM26.60 0-35 m³: RM2.66/m³ More than 35 m³: RM2.72/m³ 4. Places of worship/Charitable institutions: Minimum charge: RM10.10 Consumption: RM1.01/m³ 5. Shipping: Minimum charge: RM80.20/m³ Consumption: RM8.02/m³ 6. Data Centre: Minimum charge: RM53.20 Consumption: RM5.32/m³ SAMB said the adjustment would also cover the long-term investment costs needed to make Melaka's water supply system more sustainable and capable of providing better services to all segments of the community. 'The adjustment will also enable SAMB to expedite the implementation of key strategic projects, including the 5 million litres per day (MLD) capacity Jus Water Treatment Plant Phase 2; Jernih Water Treatment Plant (90 MLD); expansion of the Merlimau Water Treatment Plant Phase 2; construction of the Bukit Batu water tank; and the upgrading of the Sebukor Water Treatment Plant,' it said. It added that the adjustment will also support the replacement and installation of new pipelines in Sungai Rambai, Ayer Molek, Bukit Baru, Masjid Tanah, and the 30‑kilometre stretch from Bukit Bahudin to Pekan Jasin; upgrading of sludge waste management systems at the Bertam and Merlimau water treatment plants; and connection of water pipelines from Sungai Muar to the Durian Tunggal Dam. — BERNAMA
