Greater spending power with cut in EPF contribution


CONSUMERS who were thinking of tightening their purse strings are unlikely to do so now that extra money is being put in their pockets following the announcement of the government's economic package. 

Economists said measures such as lowering employees' contribution to the EPF and cutting the base lending rate (BLR) would help sustain domestic consumer spending, which had shown nascent signs of slowing down. 

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