Can Malaysians save for retirement if PM Ismail Sabri allows more EPF withdrawals?

For many Malaysians, retirement is becoming a pipe dream as the economic fallout of the coronavirus pandemic pushes more into poverty, forcing many to deplete their savings while incomes remain stagnant.The Employees Provident Fund (EPF), introduced in 1951, has long been the sole safety net for most people. Contributions to the fund, which has more than 1 trillion ringgit (US$236.7 billion) in assets, are compulsory by law and withdrawals are only allowed once citizens turn 55, barring…