PETALING JAYA: The move to relax the i-Sinar withdrawal facility will bring much relief to those working in sectors hardest hit by the effects of the Covid-19 pandemic, say economic analysts. On Thursday, Finance Minister Tengku Datuk Seri Zafrul Tengku Aziz said the Employees Provident Fund (EPF) is working towards removing all conditions for the i-Sinar withdrawal facility. He noted that removing the 30% requirement shows the government acknowledges the hardship faced by this group of people. Universiti Tun Abdul Razak economist Prof Emeritus Dr Barjoyai Bardai said more people may withdraw funds if the i-Sinar requirement was relaxed. Joshua Chua, 32, who sells massage chairs, said it would be great if the 30% pay cut requirement was removed.

Source: The Star February 13, 2021 23:37 UTC