Ringgit undervalued but forex not sole factor influencing EPF decisions, says CEO

Employees Provident Fund (EPF) chief executive officer Ahmad Zulqarnain Onn on Sunday (March 3) said the ringgit is …

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3 Comments

  • @hlwonka8783

    March 4, 2024 - 1:05 am

    Epf has the right to buy or sell & sometimes you loss but mostly you gain. The issue is the government have NO RIGHT to take or force EPf money for purpose that detrimental to EPF portfolio. Epf money does NOT belong to the government but are used to invest on behalf of employees/ ers. Unfortunately Epf board of directors are appointed / terminated by the government ,so whenever the government need funds , epf cannot independently say NO ( reject.) NR did that in 1MDB & the present government is do the same.

  • @joeharry32817

    March 4, 2024 - 1:05 am

    "…. but foreign exchange rates is not the only factor influencing decisions on buying and selling EPF assets."

    Such as giving DNAA to and TPM title although the culprit has a prima facie case, and pardoning a kleptokrat with discounts..

    investors would surely run away with such an open corruption :

  • @ikjieh

    March 4, 2024 - 1:05 am

    undervalue, then people will buy malaysia asset, but nothing to buy in malaysia asset/service

Comments are closed.