Last updated : 1/17/20 10:42 PM     

EPF Welcomes Government Decision on PLUS

KUALA LUMPUR, 17 January 2020:  The Employees Provident Fund of Malaysia (EPF) welcomes the Government decision to maintain status quo on the ownership of PLUS Malaysia Berhad (PLUS).

 

Chief EPF Officer Alizakri Alias said, “We are happy that the matter has been definitively decided and a clear directive given by the Prime Minister on the future direction of PLUS. This puts to rest the public speculation that has been ongoing for far too long and enables all parties to move forward.” 

 

He added that, “This decision is a clear indication the Government is appreciative that the interests of our 14.6 million-strong EPF members must be protected at all times. The reduction of toll is also an added benefit for a majority of our members as they make up a good number of the 1.7 million daily PLUS highway users.”

 

“We also note the Government’s request to start implementing the 18% toll reduction by 1 February 2020. In light of the very tight indicative time-line and real challenges to implement operationally, we will work with PLUS and other relevant parties to initiate this reduction as quickly as possible.”

 

Alizakri further said, “EPF is also in a unique position as a Sukuk holder of PLUS and we will be working with all other holders to ensure our interests are protected. Judging from our past experience, we are confident the Government will be receptive to our inputs and take all necessary actions.” 
 

 

Issued by the EPF Media Desk 
Corporate Affairs Department
17 January 2020 

 

 

About the Employees Provident Fund (EPF)

The Employees Provident Fund (“EPF”) is one of the oldest retirement funds in the world. Established in 1951, the EPF is a Member-Linked Company (MLC) focused on a mission to safeguard member savings and deliver excellent services. In recent years, in line with its vision of helping members achieve a better future, the EPF has expanded its role to encompass the creation of a comprehensive social well-being ecosystem. Today, the EPF remains steadfast in its commitment to members through consistent efforts to update and improve itself, in order to build the foundation for sustainable, holistic and equitable well-being for all Malaysians.