Posted by alenac > Dec 30, 2021 2:25 PM | Report Abuse

Obviously, when millions "raid" EPF for their retirement money. Will extend UMNO lifeline as these people will have to vote for the government that provides more cash handouts forever.

Posted by DickyMe > Dec 30, 2021 2:27 PM | Report Abuse

Still some UMNO politicians advocating for more withdrawal.

Wonder if they have brain or poop in their head.

Posted by Tobby > Dec 30, 2021 2:28 PM | Report Abuse

It's sad to see contributors are screaming and demanding for another round of 10k from their EPF! Of course this lunny idea started by Zahid Hamidi, the dumbass leader of our time!
You see, 90% of EPF contributors have very little savings to start with! And now they are demanding to take 10k from their already 10k drawn EPF savings!
This only means, EPF savers do not have financial wisdom! They spend, spend and spend with little regard of any financial difficulities in the future!
Look, you only drawn from EPF for only few reasons! You need it to clear your housing loan! Or maybe you car loan for emergency purpose! And perhaps for medical reason!
But you should never touch your EPF for other things! But then again, you have Zahid Hamidi who only seek popularity and have little regards for future of malaysians!
If government of the day agree to allow 10k one off draw, do you know EPF may actually collapse! Yeah, 20k doesn't seems much to you but for EPF, they do have fix commitment as well! EPF does have sets of long term commitment and investment! And once a huge one off draws are made, then EPF cannot service their commitment and investment!
And this set a chain of disaster reaction! You looking at bankrupt EPF!

Posted by Tobby > Dec 30, 2021 2:29 PM | Report Abuse

Yeah, i agree many were stuck during this failed MCOs! But it should be one off affair!
Now there's no more MCO! Everybody can go out and work! If you cannot make money now then what makes Zahid Hamidi thinks those short sighted savers will save in the future! They won't!