Kota Kinabalu: Retail businesses in Sabah can expect a boost with thousands of Sabah Employees Provident Fund members thronging EPF offices statewide since Monday to activate their new Akaun Fleksibel (Flexible Account).
A Daily Express check on the long queues of young and mid-aged adults below 55 at the EPF HQ in Karamunsing showed higher cost-of-living issues were foremost on the minds of the applicants.
The ruling Madani Government approved the creation of Flexible Account or Account 3, after Account 1, now renamed Akaun Persaraan (Retirement Account) and Account 2, renamed Akaun Sejahtera (Wellbeing Account).
According to EPF officials, contributors were advised not make any withdrawals unless there is urgent need.
