Shocked employees discover contributions not credited towards EPF
Published on: Tue, Apr 22, 2025
By: Bernama Text Size: Ahmad, a 39-year-old construction worker in Selangor, said he recently found out that none of his EPF deductions were ever credited into his account over the past seven years. - Bernama pic for illustration only. SEVERAL Malaysian workers have come forward with shocking revelations about missing Employees Provident Fund (EPF) contributions, only discovering the issue years later despite their employers claiming otherwise. Ahmad, a 39-year-old construction worker in Selangor, said he recently found out that none of his EPF deductions were ever credited into his account over the past seven years. 'When I checked my balance, none of those deductions were in my account,' he said, estimating his loss at around RM20,000. 'The company had stolen about RM20,000 from me throughout the years.' Ahmad's case is among several uncovered in a report by Kosmo, highlighting how some employers have been syphoning off workers' EPF contributions without their knowledge. Another victim, Hanisah, a 40-year-old nurse, learned in February that her deductions—totaling RM18,000—had not been deposited into her EPF account. 'After speaking to some of my colleagues, I discovered that they were also facing the same issue,' she said. Hanisah subsequently lodged a complaint with the Labour Department. She said that although the authorities had since penalised the company, she has yet to receive any reimbursement. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
13 minutes ago
- Barnama
Communications Ministry To Conduct Study On Music Industry Development, Issues And Challenges
KUALA LUMPUR, Aug 20 (Bernama) -- The Ministry of Communications is implementing a Music Industry Development Study to examine issues, challenges and proposed action plans towards empowering the sustainable and dynamic development of the Malaysian music industry. Communications Minister Datuk Fahmi Fadzil said the study is also refining business models, governance, staffing and specific laws that can support the development of the industry. 'For music, we currently do not have a specific act, therefore the ministry is looking into the best way to ensure that an act is drafted to ensure the welfare, sustainability and development of the music industry. 'We are looking into it and this study also takes into account the views and input of music industry players through the Music Industry Protem Committee,' he said when winding up the debate on the 13th Malaysia Plan (13MP) motion for the Ministry of Communications at the Dewan Rakyat today. He said a total of 20 members of the Music Industry Protem Committee had been appointed, from various fields including composers, lyricists, recording companies or studios, singers, musicians, Collective Management Organisations (CMOs), publishing companies, association representatives, academicians and event management. Fahmi said the results of the study would be used as input in determining the availability and need for a specific body to regulate the development of the music industry or to include the music industry in the functions of existing agencies or regulatory bodies. Regarding the proposed amendments to the National Film Development Corporation of Malaysia Act (Finas) 1981 (Act 244), Fahmi said it is expected to be tabled in the upcoming Parliament meeting scheduled for this October. He said the process of improving the act includes expanding the scope of regulation, governance, functions and enforcement aspects of the act. Among the proposed amendments under Act 244 is related to the membership of Finas Corporation Members, which falls under the scope of governance which aims to improve the membership structure so that it consists of experienced local film industry players, has an excellent record of achievement in the field of local film and has credibility in fighting for the welfare of industry players.
Barnama
13 minutes ago
- Barnama
SP Setia's 2Q FY2025 Net Profit Drops To RM99.8 Mln
BUSINESS KUALA LUMPUR, Aug 20 (Bernama) -- SP Setia Bhd's second quarter (2Q) net profit ended June 30, 2025 (FY2025) dropped to RM99.8 million from RM295.03 million in the same quarter a year ago. It said in a filing with Bursa Malaysia today that its revenue also eased to RM943.73 million against RM1.49 billion in 2Q FY2024, contributed mostly from local development. Sales, however, recorded an uptick at RM1.186 billion versus RM883 million in 2Q FY2024, primarily from the group's domestic projects. For the six-month period ended June 30, 2025 (2H FY2025), net profit was lower at RM166.82 million, versus RM372.36 million in the same period last year. Revenue also slid to RM1.71 billion compared with RM2.97 billion previously. Sales were mainly from domestic projects at RM1.42 billion, representing 75 per cent of total sales, while the group's international projects contributed RM480 million or 25 per cent of the total sales. The group said it has continued to reduce its borrowings, with a current net-gearing ratio of 0.34 times, aligning with the group's debt reduction strategies. Meanwhile, following the Overnight Policy Rate (OPR) cut, it anticipated growth in the property development industry, particularly the residential segment. On July 9, 2025, Bank Negara Malaysia (BNM) cut the OPR by 25 basis points to 2.75 per cent, its first rate cut in five years.
Barnama
27 minutes ago
- Barnama
Manulife 2Q Net Profit Surges To RM43.14 Mln
BUSINESS KUALA LUMPUR, Aug 20 (Bernama) -- Manulife Holdings Bhd's net profit for the second quarter ended June 30, 2025 (2Q 2025) rose to RM43.14 million from RM19.24 million a year earlier. However, revenue decreased by RM2.1 million to RM198.64 million from RM200.76 million previously due to lower contributions from asset management services. 'Operating revenue of the segment decreased by RM5.7 million due to lower initial service fee, while profit before tax increased by RM1.9 million due to lower expenses. For the first half ended June 30, 2025, net profit increased to RM50.26 million from RM49.34 million, while revenue also jumped to RM409.42 million from RM399.73 million a year earlier. On outlook, Manulife said the company will continue to strengthen growth through a robust expansion of its productive and professional agency force driving growth in bancassurance, and cultivating alternative partnerships with a primary focus on new customer acquisition. It said the company will also embrace customer-centricity by establishing a compelling value proposition to cater to evolving segment needs and continually improving customer experience, prioritising a digital-first approach and convenience. 'Manulife will also accelerate digitisation through ongoing investment, aiming to be the digital customer leader in the market, building a digitally enabled sales force, and enhancing automation for operational efficiency,' it added. -- BERNAMA
