EPF's third account is headlines in two dailies

Employment Provident Fund’s implementation of the Third Account grabbed the headlines of two Chinese dailies

Kwong Wah Yit Poh Daily headlined that the Third Account for EPF members would be implemented in May. Upto 10% of the EPF contributions made will be allocated to the Third Account.

Nanyang Daily headlined that economists and fund managers believe the Employees Provident Fund (EPF) Third Account, starting from a zero balance and comprising only a small portion reallocated from the Second Account, will likely have minimal impact on the overall investment strategy of the Employees Provident Fund (EPF).

Sin Chew Daily led with a report that even street vendors would be required to issue e-invoice once the system is implemented from 1 July next year.

China Press frontpaged Bukit Aman Criminal Investigation Department director Datuk Seri Mohd Shuhaily Mohd Zain announcing the detention of Hafizul Hawari who attempted to shoot down his wife in KLIA. He was detained in Kota Bharu.

Guang Ming Daily led with a story on how a university student are used to repeatedly scam charitable organisations and the public on the basis of poverty and financial and health issues. The student was able to amass over RM100,000 in donation within a year, revealed former Penang MCA youth chief Eng Hiap Boon.

Editorial

Sin Chew Daily pointed out that Singapore President Lee Hsien Loong’s early retirement is part of ruling party, People’s Action Party’s strategy to prepare for the general next year. It wants to dispel claims that the Lee family dynasty had ruled Singapore for the longest of times.

The daily also urged Malaysia to a lesson from Singapore.

Nanyang Daily pointed out the negative impact of boycott, perpetuated by self centred politicians, on the economy.