(Reuters) - New Zealand Football CEO Andrew Pragnell called on FIFA to take urgent action over a spying scandal involving Olympic champions Canada at the Paris Games and said failure to do so could tarnish the sporting integrity of the entire tournament.
KUALA LUMPUR: A total of 3.4 million of the 13.1 million Employees Provident Fund members under the age of 55 have made withdrawals from the Flexible Account amounting to RM8.9bil as of July 19, 2024, says Datuk Seri Amir Hamzah Azizan .
He said the transfer to the Retirement Account increased members’ savings, with the addition of 43,000 new members reaching the basic savings level. "Under the current Strategic Asset Allocation, the EPF has allocated investments in cash and money market instruments between 2% and 6% of the total investment assets of the EPF," he said in a question-and-answer session at the Dewan Negara Thursday .
Regarding implications for the national economy, Amir Hamzah said the initial estimate of the Flexible Account withdrawals in the first year is around RM15bil, or about 0.8% of Malaysia's nominal gross domestic product for 2023.
Flexible Account Amir Hamzah Azizan Employees Provident Fund Retirement Savings Malaysia Economy Strategic Asset Allocation Emergency Fund Savings Security GDP Impact
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