Using EPF Savings As Collateral: Is This The Right Move?
Associate Professor Dr Ahmed Razman Abdul Latiff, MBA Program Director , PUTRA Business School | Idham Idris, Director, Corporate Treasury Investment Services , Wealth Vantage Advisory
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Prime Minister Datuk Seri Anwar Ibrahim has announced that the government is planning allow the use of EPF savings as collateral for emergency loans. First, we discuss whether this is a good move, and a helpful one, as well as what the side effects of it might be. And then, we look at both the politicisation of the EPF, as well as the mindset that it’s not necessarily only for retirement.
Image Credit: 123RF
Produced by: Lee Chwi Lynn, Natasha Fusil, Kelly Anissa
Presented by: Lee Chwi Lynn
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Categories: economy, financial wellness, alternatives, politics
Tags: collateral, epf, financial, loans, finance, retirement, savings,