Double boost to earnings

PETALING JAYA: Malaysians could well embark on a spending spree with money freed up at the Employees Provident Fund (EPF) with the launch of Account 3 and civil servants getting a 13% pay hike at the end of the year.

Economists see the consumption boost from monies put into the EPF’s Flexible Account, more popularly known as Account 3, as an avenue to spur consumer spending in the short term.