EPF just announced an all new account, account 3 or akaun fleksibel.
This allows Malaysians to withdraw 10% of their EPF money whenever they want without needing to provide a reason.
Some Malaysians think its a bad thing considering many of us already don't have much in EPF. In my opinion, this is actually a good thing because of the flexibility it gives us with our money.
⌚ Timestamps:
00:00 Intro
00:26 What is account 3 and what changes have been made
2:07 The downside of account 3
5:12 Why I think Account 3 is good
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