The Kwasa Damansara project, near Subang airport, has a gross development value of RM50 billion, says Najib Razak.
“This can be done in two ways. Raise the monthly statutory contribution rate of employers and employees in the future when the economy recovers after the Covid-19 crisis,” he said on his Facebook page.“This was also implemented in February when the employees’ statutory contribution rate was lowered from 11% to 7%,” he said, adding that increasing the contribution rate when the pandemic subsides would allow people to restore their EPF savings.
He said many “crony” property developers had protested when 2,800 acres of Malaysian Rubber Board land was sold to EPF for RM2.28 billion without a tender. However, EPF now had a project with a development value of RM50 billion, with the Kwasa Damansara project and two MRT stations built there.
You just don’t get it. We’re not worried whether EPF’s funds would be depleted. Every month, billions RM of contributions flow in. We are concerned about whether contributors have sufficient funds upon retirement.
Why this idiot never mention alternatively, he and his gang, can also return the billions that they have taken out from 1MDB.
How much is EPF's total assets? Rakyat have right to know!!!!
Who is najib?
A crook advising on this subject, what a joke. If only he had not stolen billions. Shameless crook
Hahaha.. Aku nak gelak sangat sangat.. Ajak jho low sekali na... Pakat pediah sekali lagi..
abah, takkan semua bossku nak kena ajaq?
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