FOR people of my age (60 and above), we have experienced three recessions, one financial crisis and one coronavirus (SARS) epidemic in our lifetime. Again, depending on the severity and length of the Covid-19 crisis, this could be the mother of all stock market crashes. All factors point to a financial crisis in the making. The best solution is to exempt EPF contributions by both employer and employee for six months starting April 1,2020. Brave and immediate decisions are needed to help employers save jobs.

Source: The Star March 21, 2020 02:03 UTC