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Malaysia will switch to a new public service compensation scheme from Dec 1 that will see broad pay hikes and salary restructuring for the country's 1.6 million civil servants, Prime Minister ...
(Updates with background) KUALA LUMPUR, Aug 4 (Reuters) - Malaysia's Employees Provident Fund (EPF) said it has appointed Alizakri Alias as the pension fund's new chief executive effective on Aug ...
Retirement Fund (Incorporated) (Malay: Kumpulan Wang Persaraan (Diperbadankan); KWAP) is a statutory body which manages the pension scheme for Malaysia's public employees. KWAP is the investment manager of the Retirement Fund, which is applied towards financing the government's pension liability, and is responsible for the administration and ...
Kuala Lumpur, [a] officially the Federal Territory of Kuala Lumpur, [b] and colloquially referred to as KL, is the capital city and a federal territory of Malaysia. It is the largest city in the country, covering an area of 243 km 2 (94 sq mi) with a census population of 2,075,600 as of 2024 [update] . [ 8 ]
Employees' Provident Fund (EPF; Malay: Kumpulan Wang Simpanan Pekerja, KWSP) is a federal statutory body under the purview of the Ministry of Finance.It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia.
Kuala Lumpur remains as Malaysia's national capital city per the constitution and is still the seat of the head of state (Yang di-Pertuan Agong) and the national legislature (Parliament of Malaysia), as well as being the country's commercial and financial centre. The establishment of Putrajaya was the idea of Prime Minister Mahathir Mohamad.
The Parliament of Malaysia and the official residence of the King are also located in Kuala Lumpur. In 2001, the seat of government was moved from Kuala Lumpur to the planned city of Putrajaya which from then on served as the federal administrative centre, sometimes referred to as the administrative capital.
The following table is the list of the GDP of Malaysian states released by the Department of Statistics Malaysia. [7] [8]Data for 2023 estimates (US$ 1 = MYR 4.56 at 2023 average market exchange rate, [9] international $ (I$) using 2023 PPP conversion factor from World Bank (I$ 1 = MYR1.43) [10])