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https://www.channelnewsasia.com/news/asia/malaysia-epf-withdrawal-anwar-najib-relieved-prudent-13602184 I read this news with great interest.. We have some Singaporeans clamouring for their early withdrawal of the SG equivalent: CPF. Now that a neighbouring country which literally took our system and implemented it in their own nation is allowing this, we can see how prudent this will be. Can we really manage our own funds if we get a large windfall? Now we aren't talking about armchair intellectuals here.. we are talking about the masses, who may not deal with large sums of money on a regular basis, and may rush headlong into unwise investments or get forced into giving it to their kids.. So this will be an interesting study of whether it's a good idea or not IMO. https://www.thestar.com.my/opinion/columnists/the-star-says/2020/11/08/epf-account-1-withdrawals-welcomed---but-must-be-treated-cautiously Already words of caution are sounding out..

Newspaper Article - 'A breach of the CPFs fundamental principle'

bros, nowadays see bei jialat arh... if no drink 1-cup in the morning and 1-cup before dinner time, i fee like sh&t and it feels like i woke up on the wrong side of the bed. any solutions? is age catching up?

are you screwed? http://www.pinoysg.com/forum/viewtopic.php?t=38021 --- A discussion thread was started in a local Filipino forum teaching Filipinos working in Singapore on the ways to withdraw their Singapore PR. Filipinos are one of the largest group of foreigners working in Singapore with the majority of them working in the healthcare, service and IT industries. Partly due to their strong command of the English language, it

BMW looks set to rock the formula one world on Wednesday morning by announcing it will withdraw from the sport at the end of 2009. International media have been summoned to a press conference at the German marque's Munich headquarters at 10am - less than three hours' time - to discuss "current developments in motor sport". Amid a disappointing season and a lack of progress in overcoming the difficulties, the BMW board is believed to have called time on the Swiss based BMW-Sauber project. Present at the emergency press conference will be team boss Mario Theissen as well as BMW board chairman Norbert Reithofer and director for development Klaus Draeger. A source said the news to be revealed on Wednesday is "important" but would not elaborate. It is speculated BMW, having bought the independent Sauber team at the end of 2005, may announce it will instead turn its attention to other forms of motor sport, including perhaps a return to Le Mans. The timing of the announcement is almost certainly because BMW has not signed the new Concorde Agreement, which is set to be announced imminently and would have bound the manufacturer to F1 until the end of 2012. It is feared that Toyota and Renault may now follow suit. Honda withdrew at the end of the 2008 season. With Ferrari's Felipe Massa in hospital and expected to be out of action for the rest of the season, the BMW news has sparked rumours that Robert Kubica could be drafted in to replace the injured Brazilian.

According to the Shin Min Daily news, 3 conditions needed before any withdraw of fund can be released. 1) must pay minimum S$600/- or more for administrative fee before any withdrawal 2) must wait for 21 days for check to be released. 3) if want faster release of fund withdraw, rope in a new member. The above was translated according to today's newspaper reporting. The 3rd condition is an outright insult to our intelligence and is also a tell tales sign of not enough money to pay if every member demand money at the same time. ( Just like the opposition party or some of us always claims, our government got no money to pay every Singaporean if we want our CPF money back at the same time)

You guys read the news? Retired ChungCheng High teacher in her 90's wanna close her OCBC account and withdraw her 9M deposit and it was rejected by bank.. and account kena froze. Win liao lor. Quote: Ching-Kuo Cheng-yu Over the nine-year teachers retirement account should be abolished, raised close to 9,000,000 yuan deposits, but the bank refused. She repeatedly to negotiate with the banks, not only to their disappointment, was the freezing of accounts. Now, she resorted to the law, to overseas Chinese back to the bank deposits. General Chiang Kai-shek retired school teacher of Chinese-Huang Cheng (92 years old) in May this year, the Bank of Overseas Chinese, it is necessary to convert the single-name account with the adopted daughter Mei Xu (43-year-old, housewife) of a joint account. However, the bank does not approve. In view of this, Huang Cheng decided to close the sub-accounts and time deposits from the account to more than 8,860,000 yuan to go to other banks. However, in spite of Huang Cheng-repeated representations with the bank, but also through many channels, including the mandate to deal with all her daughter, a lawyer for the bank issued a letter to the Chairman of the Monetary Authority, Goh Chok Tong of state-owned Bank of Overseas Chinese Chairman of the governance and Dr. Zhang Songguang complaints that she is unable to do so Close the account. Around three months, numerous letters between the two sides, Huang Cheng of the sub-account is not closed, but frozen. Huang Cheng-Yu in August through the Southern lawyer filed a high court to prosecute the bank for breach of contract, ask for even the immediate benefit of this with her back to the huge deposits. According to the complaint, Huang Cheng claimed that her son called for the closing of accounts for at least five times, but has repeatedly refused. Bank staff sent home Bank of Overseas Chinese detained for no reason to deny Huang Cheng-deposit, the bank said in defense of the book, Huang Cheng-an advanced age because they look a bit at a loss, questioning whether she has enough mental capacity (mental capacity) to make a decision. Defense in the book quoted two examples to illustrate the bank's suspicion. First of all, the staff received a joint bank account set up the request "feel uncomfortable" because the request is the daughter of Xu Huang Cheng-Mei, Huang Cheng-rather than directly. Second, in a joint proposal on setting up an account called for a few days later, the bank arranged for two staff Huang Cheng-to-door visits. According to the bank said that the visit further deepened their concern, as two staff members that, it seems weak and Huang Cheng-perplexed. They also claimed that Huang Cheng-can not remember at the time made an application to open a joint account. The bank insisted that it is prudent to act, and a responsibility to take reasonable measures to ensure that instructions from their clients. In addition, the bank has informed the son of Huang Cheng, the bank can not be sure she has enough mental capacity, she will not accept the account name in any direction. In other words, to freeze the account, Huang Cheng-mobilization can not be any deposit or withdrawal. Huang Cheng-respondents to the correspondent bank of the protest: "I do not care what the reasons, my money! You (the bank) got up selling what drugs? This is unfair!" Huang Cheng-husband's death 21 years ago, the couple below-knee still true, the young Xu Mei when she was adopted. Xu said the United States, Huang Cheng-time deposit open accounts for nearly 10 years, in recent years because of the collective sale of an apartment and deposited the proceeds of the sale shares, compared with deposits so impressive. The lawsuit has not yet tried. Yu prosecution lawyers have tried to South there is sufficient evidence to the prosecution and the defense, without reasonable justification, the court need not apply to the court to summon witnesses for evidence, according to court papers only directly ruled in favor of the prosecution. Although the impromptu decision that was refused, but the prosecution has lodged an appeal. Bank to the High Court application The doctor examined the appointment of the prosecution On the other hand, banks also make an application to the High Court, which appointed psychiatrist Huang Cheng-examination and review of all of her medical report. Today, the high court will hear the application of the bank, Yu believed that the South would be a lawyer to raise objections. Huang Cheng son of the view that since she had been in accordance with the requirements of banks to provide a clinical psychologist and a psychiatrist's report should not be re-examination by another doctor, and take up their cost of another. Huang Cheng-examination of psychiatrists practicing more than 30 years, he said in the report Huang Cheng-slight dementia, which affected her short-term memory, but her personality and the ability to identify the language and are not affected. Clinical psychologist, also holds the same view. Huang Cheng-account will be closed in this dispute, in order to make a will, and take the initiative to accept the inspection of the two experts.