Consider This: I-Sinar (Part 1) - Desperate Times, Desperate Measures?

The Ministry of Finance recently relaxed conditions to withdraw money from EPF, or the Employees Provident Fund, under the i-Sinar scheme. This has prompted some 30% of active EPF members -- that about 1.6 million people -- to have emptied their retirement accounts, save for just a hundred ringgit.This trend of Malaysians dipping into their retirement savings to get through the Covid-19 pandemic has raised concern that many will have too little to survive on in old age. Melisa Idris and Sharaad Kuttan speak to Laurence Todd, Research Director at the Institute for Democracy and Economic Affairs.