Last updated : 6/10/19 10:56 AM     

EPF Funding To Pembinaan PFI In Order

The Employees Provident Fund (EPF) clarifies that it provided RM21.16 billion funding to Government-owned Pembinaan PFI Sdn Bhd, which was to be used as capital to fund development projects identified by the Government. The financing was within the EPF’s risk return profile and a comprehensive documentation process was conducted to ensure that the basis of the investment was fair and reasonable. All source of repayments are from Government and are currently in order. The EPF assures that all investment decisions conform to the EPF’s mandate to protect members’ savings and interest.

 

Issued by:

Corporate Affairs Department

Employees Provident Fund

Date: 11 July 2018