Crowds throng EPF as Account 3 kicks in

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Crowds throng EPF as Account 3 kicks in
Account 3Flexible Account
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TOKYO (Reuters) - Japanese technology investor Softbank Group believes it has an advantage over smaller rivals because it can leverage its entire $183.6 billion portfolio to help it build an ecosystem of firms that can employ artificial intelligence, a top executive said on Monday.

Smooth process: EPF employee Tengku Shiena Tengku Hamzah guiding an EPF member through the process of transferring funds into Account 3 at the Petaling Jaya branch. — AZHAR MAHFOF/The Star

Under a restructuring plan that took effect on May 11, EPF accounts are split from two to three for members aged below 55. In NILAI, Negri Sembilan, people were trying to get their transaction authentication codes or attempting to update their details at the EPF branch office, according to Utusan Malaysia.

In KUALA TERENGGANU, Jacob Md Ali said he was eager to transfer his money to Account 3 so he could fund his eldest child’s tertiary education.

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Account 3 Flexible Account

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