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.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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News , bureaus , budget 2016 , revise , EPF

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