Rethinking Malaysia's Retirement Safety Nets
Dr Lee Hwok-Aun, Senior Fellow, Malaysian Studies Programme, ISEAS-Yusof Ishak Institute
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Last week, Prime Minister Datuk Seri Anwar Ibrahim announced plans to allow those in dire financial straits to apply for personal loans using their EPF funds as a form of collateral. Would the proposal placate those calling for another round of EPF withdrawals? We discuss ideas to revamp Malaysia's retirement system to address demographic challenges with Dr. Lee Hwok-Aun of the ISEAS-Yusof Ishak Institute.
Image credit: Shutterstock
Produced by: Moh Heng Ying
Presented by: Shazana Mokhtar, Keith Kam
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Categories: government, economy
Tags: epf, retirement savings, personal loans, anwar ibrahim,