Phase two of BPN payment extended until May 22 thesundaily TengkuZafrul BPN Prihatin EPF Malaysia
The second phase of the National Prihatin Aid payout which was scheduled to end last week has been extended until May 22, 2020, due to some technical constraints.
Following the extension of the appeal process announced last week, the Inland Revenue Board is now actively processing the appeals and will give due consideration, he said. For the reduction in the Employees Provident Fund contribution to 7.0% from 11%, he said the total reduction in contribution estimated to be received by EPF members for the month of May is RM923.5 million.
On the SME Soft Loans Funds, he said as of May 17, applications approved by local banks and the SMEs was RM5.8 billion, benefitting 14,075 SMEs.
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