CGS-Cimb Research: “EPF withdrawal schemes had seen take-up rates of 52% to 82%, based on our estimates. As such, based on the Finance Ministry’s estimates to parliament of RM63bil and assuming a 50% take-up rate, we project the potential withdrawal value to be RM31.5bil."
PETALING JAYA: The Employees Provident Fund (EPF) special RM10,000 withdrawal scheme is expected to have a RM31.5bil impact on the bond and equity markets.
This, according to CGS-CIMB Research’s estimates, is based on the assumption that take-up rates will be similar to the previous EPF withdrawal schemes of around 80%.
