KUALA LUMPUR, 11 October 2019:The Employees Provident Fund (EPF) takes note of the Government’s announcement on PLUS Malaysia Berhad (PLUS) at the tabling of Budget 2020, as well as the decision to reduce average toll charges by 18 per cent across all highways owned by PLUS.
EPF Chief Executive Officer Tunku Alizakri Alias said, “We take cognizance of the decision made and will hold discussions with the Government and Khazanah Nasional Berhad as soon as possible to ensure that any final resolution protects our members’ interests.”
“We are glad that this long-running matter will soon come to a satisfactory conclusion that takes into account our concerns and recognises the actual worth of this asset. We assure members that the EPF will not let go of PLUS for anything less than fair value.”
“PLUS has contributed significantly to the EPF both through financial returns as well as social benefits in the form of safe, convenient and comfortable highways for our members and Malaysians in general.”
The Employees Provident Fund (EPF) is Malaysia’s premier retirement savings fund to help its members achieve adequate savings for a comfortable retirement. This is in line with EPF’s vision to help members achieve a better future and the mission to safeguard members’ savings and deliver excellent services. The EPF has evolved significantly from transaction-centric to a professional fund management organisation with a strong focus on retirement security. The EPF is guided by a robust and professional governance framework when making investment decisions. It continues to play a catalytic role in the nation’s economic growth and seeks to cultivate a savings and investment culture among its members to improve the country’s financial literacy level.