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Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [ 8 ] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
The Goods and Services Tax (GST) is an abolished value-added tax in Malaysia. GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer. The existing standard rate for GST effective from 1 April 2015 is 6%.
In Malaysia, federal budgets are presented annually by the Government of Malaysia to identify proposed government revenues and spending and forecast economic conditions for the upcoming year, and its fiscal policy for the forward years. The federal budget includes the government's estimates of revenue and spending and may outline new policy ...
Free Malaysia Today (FMT) is an independent, bilingual news online portal with content, in both English and Bahasa Malaysia (Malay), with a focus on Malaysian current affairs, published since 2009. [ 1 ] [ 2 ] It is one of Malaysia 's most accessed news sites with monthly visits of 11.83 million.
Traditional cancer therapies, which include radiation, surgery to remove most of the tumor, and chemotherapy to kill any rapidly growing cells, are sometimes effective but are both expensive and ...
Yes we know the calendar still says it's fall, but if you're already sick of winter's cold, there is some good news on the way: The bitter Arctic blast that's overspread much of the central ...
Julian Lennon is navigating a health scare this holiday season. Ahead of his trip to New York for a media tour, Lennon, 61, said he had a consultation with his dermatologist Dr. Tess, who ...
The Board administers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organised sector in India. [9] The board is chaired by the Union Labour Minister of India. Presently, the following three schemes are in operation under the Act: Employees' Provident Fund Scheme, 1952