The Malaysian Finance Ministry reveals that only about one-third of EPF members have saved RM240,000 for retirement. Meanwhile, residents in Kampung Lati, Kelantan, are evacuating due to flooding. The Malaysian Civil Defence Force warns against spreading inaccurate weather forecasts and emphasizes preparedness for the monsoon season.
The Malaysian Finance Ministry has recently disclosed that only about one-third of EPF members possess a basic retirement savings amounting to RM240,000 as of October 2024. Additionally, residents in Kampung Lati, Pasir Mas, Kelantan, are currently seeking shelter due to rising water levels caused by continuous rainfall since November 27.
The Malaysian Civil Defence Force (APM) has warned the public against sharing inaccurate weather forecasts, emphasizing the potential negative impact on their monsoon season preparations. APM Chief Commissioner Datuk Aminurrahim Mohamed noted that the agency’s resources are adequately prepared for the upcoming third round of heavy rain expected next week. He also highlighted the importance of coordinated efforts and communication between disaster management agencies to ensure effective emergency response
Finance Ministry EPF Retirement Savings Monsoon Season Civil Defence Force
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