I really wonder why BNM wants to pull out.

Too much work, instruction from above, no point in sitting there while decisions are made without his/her consent, God knows what, etc

If this is what I think it is, we are doing down to the 7th hell (opposite to the 7th heaven).

EPF as well? Hope PR can do something to stop this.

don't worry.. someone would make big issue out of tis

MoF's revelation today sparked speculation among some opposition MPs that Bank Negara Malaysia likely wants to "wash its hands" from being involved in dealings that are shrouded in controversies.

So sad.

Keep full EPF withdrawals at 55, more than 90% of contributors say

http://www.theedgemarkets.com/my/article/k...ontributors-say

given the shit we already know, this likely means the shepherds told to leave with gates open, wolves lurking nearby.

Faster take out EPF money for investment.. take out to the max

how much fees you need to pay when investing?
or you used EPF?

am thinking where to invest my cash other than FD

Wah, you are very good in describing things. I like it!

No. Not EPF.

The fees, you gotta refer to other threads for brokers' fees.

KWAP has RM1.4b invested in 1MDB and its subsidiaries, Najib tells Parliament
http://www.theedgemarkets.com/my/article/k...-1mdb-and-units

KWAP has RM 1.4 b while EPF has RM 1.7 b.

What's the difference between epf and kwap?

This post has been edited by Ramjade: May 19 2015, 11:49 AM

To be fair to EPF, from what I read, that RM 1.7 b was investment in 2 companies before they were bought over by 1MDB.

And EPF invested in the early years before 1MBD came to the scene.

Hope no more of these surprises.

Cheerio.

KWAP - Gov Staff Pension Fund (only for gomen staff. GLC, other MNC cannot join)

EPF - Employee Pension fund (for everyone working in Malaysia)

EPF says unaware of claims Bank Negara wants to pull out representative from EPF investment panel

EPF chief executive officer Datuk Shahril Ridza Ridzuan said he doesn't see the pension fund's bond holdings in 1MDB as a risk.

EPF had subscribed to bonds issued by 1MDB totalling RM200 million in 2009. It also noted that the EPF has exposure to investments in 1MDB’s subsidiaries, namely Panglima Power Sdn Bhd (PPSB) and Jimah Energy Ventures Sdn Bhd (JEV), totalling RM1.52 billion.

http://www.theedgemarkets.com/my/article/e...ting-1mdb-bonds

As of Dec 31, 2014, only 22% of the 14.19 million contributors to the Employees Provident Fund were active, achieving the basic savings quantum by 54 years of age.

http://www.thesundaily.my/news/1423302

This is bad...
it's all out in the open...
they are taking all our savings!
TH, KWAP, KWSP!!!

KWSP is probably the biggest fund in Msia and they've stuck their hands in the cookie jar!