Anwar wants EPF to increase domestic investment to 70%

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Domestic investment should follow the present needs of the country and people, Anwar added. theSun theSundaily economy investment savings EPF KWSP Malaysia

SHAH ALAM, 8 May -- Prime Minister Datuk Seri Anwar Ibrahim speaking in conjunction with the Opening Ceremony of the Kwasa Damansara Employees’ Provident Fund Tower here today. BERNAMAPIX: Prime Minister Datuk Seri Anwar Ibrahim has called on the Employees Provident Fund to increase its domestic investment to 70% this year, compared with 64% last year.

“In Malaysia, while productivity has gone up, the wage level remains low in comparison. So the gap continues to widen. These are the challenges we need to overcome. “The difference is that I do not interfere in investment affairs which had happened in the history of EPF previously,” he noted.

Source: News Formal (newsformal.com)

 

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