Malaysia Employees Provident Fund Enables Participants to Withdraw Funds in Some Cases Due to COVID-19 Impact

Posted on 01/07/2021

Malaysia Employees Provident Fund (KWSP) approved 19.6 billion ringgit (US$ 4.88 billion) amount to be used for hardship withdrawals under a program announced in mid-November 2020. This program permits participants deeply impacted by the coronavirus (COVID-19) pandemic to tap their retirement accounts. kWSP had approved 2.5 million out of a total of 3.88 million applications […]

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