Universiti Putra Malaysia Faculty of Economics and Management associate professor Dr Anuar Shah Bali Mahomed said this is important in light of the fact that the unemployment rate had increased in the fourth quarter of 2020.
KUALA LUMPUR: The government’s announcement that it is taking steps to remove all conditions for withdrawals under the Employees Provident Fund’s (EPF) i-Sinar facility is timely, given that those who have been affected by the Covid-19 crisis are in urgent need of the funds.
Universiti Putra Malaysia Faculty of Economics and Management associate professor Dr Anuar Shah Bali Mahomed said this is important in light of the fact that the unemployment rate had increased in the fourth quarter of 2020
.However, he noted that there would be a short-term impact on EPF’s investments due to the soon-to-be-implemented unconditional withdrawal.
