Short-term impact on EPF following withdrawals, not long term, says Deputy Finance Minister I

By MARTIN CARVALHO, ASHLEY TANG and FATIMAH ZAINAL

KUALA LUMPUR: There will be a short term impact on the Employees Provident Fund (EPF) following the withdrawal of some RM63bil by contributors, says Deputy Finance Minister I Datuk Mohd Shahar Abdullah.

"There will surely be some impact as EPF will have to prepare RM63bil to facilitate the withdrawals.

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Finance Ministry , Dewan Rakyat , EPF , Withdrawal , Mohd Shahr Abdullah , Mahfuz Omar

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