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Low-wage EPF members may pay more to meet retirement needs

The Employees Provident Fund (EPF) is considering introduction of a two-tier contribution system under which lower-income members will contribute a higher percentage of their pay into the fund.


EPF keeps a steady course in sea of uncertainty

By Wong Sulong


EPF dividend likely to be lower than 5%

EMPLOYEES#146; Provident Fund (EPF) chairman Tan Sri Abdul Halim Ali hinted in a speech that dividends to its members this year could be below last year#146;s 5% as low interest rates have hampered the fund#146;s ability to reap better returns from its investments.


Unqualified lecturers under criticism

From the Malay Press: Terengganu, which reportedly allowed two lecturers to work at the Kolej Agama Sultan Zainal Abidin (Kusza), despite not having even an SPM qualification, was criticised by the State Umno in the Malay mainstream papers.


Maruichi would have benefited from MMM deal, says MD

MARUICHI Malaysia Steel Tube Bhd managing director Tunku Ya#039;acob Tunku Abdullah maintains that the company would have benefited from buying into Malaysian Merchant Marine Bhd (MMM), but said the proposed deal had been badly handled, resulting in the plan being aborted.


EPF wants boardroom leverage

THE Employees Provident Fund (EPF) wants to exert greater control and influence over companies in which it has a substantial stake. It plans to do so by seeking board seats in selected companies.


EPF payout of at least 4.5%

The Employees' Provident Fund (EPF) is expected to declare a dividend ranging between 4.5% and 4.8% for 2002.


Doing her best on her own

ANGELA RANI is seated between her eldest daughter, Raja Rajeswary (or Rajes) and her good friend, Thilagawadi, on the three-seater settee at Wanita Ikram#8217;s office in Kajang. Her youngest daughter, Thanes, makes herself comfortable on the carpeted flooring next to Thilagawadi.


Citibank: Education on financial planning vital

MALAYSIANS need to realise the importance of being literate and having a rational approach to financial planning as they need to strategise and plan to make their money grow, according to Citibank Bhd vice-president (investment and insurance) Charles Sik.


Going for insurance

In the second part of the report on Building an Innovative Healthcare System: Options for Malaysia by LOH FOON FONG, who received the World Health Organisation Journalism Fellowship recently and visited Switzerland and Sweden to study their healthcare systems, she writes on the issues involved in a national health insurance scheme.