Experts: Extra money in pockets can spur growth


PETALING JAYA: The extra money employees receive with the three percentage point reduction to their Employees Provident Fund (EPF) contribution is a welcome move, say economists.

Chief economist at Alliance Bank Manokaran Mottain said the main objective of the revised Budget 2016 was to spur growth.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
News , bureaus , budget 2016 , revise , EPF

Next In Nation

Fire razes five terrace houses in Shah Alam
Hang Tuah Jaya council suspends licence of hotel touted as 'gay-friendly' on website
Over 43,000 litres of misappropriated diesel worth RM124,410 seized in Padang Besar
Johor cops looking for man who allegedly beat girlfriend
Kuching cops seize drugs worth over RM328,000, duo arrested
Blast kills welder, injures another in Melaka recycling centre
Ahmad Zahid to announce 'organisation outside the political arena' at Umno AGM
Three killed, two injured as three vehicles crash in Gua Musang
Najib denies being SRC's 'shadow director'
Penang cops remand six for alleged involvement in group fighting

Others Also Read