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THE sale of PLUS to a UEM-EPF special purpose vehicle for RM23 billion with little information forthcoming has raised eyebrows. This is understandable, as there are concerns that the life savings of EPF members are being used to subsidise the highway concessionaire's operations. ASAS SERBA SDN BHD AND MMC CORPORATION Bhd could be kicking themselves in the rear. There's no doubt that their takeover bids of the toll highway concessions and the UEM Group, respectively, have triggered the sale of PLUS Expressways Bhd to the UEM-Employees' Provident Fund (EPF) joint- venture.
ACCORDING to the Employees Provident Fund, many Malaysians will use up their EPF money early in their retirement. Perhaps the creation of private pensions may help fill the gap. THE existence of the Employees Provident Fund (EPF) has many people assuming that enough is being saved for retirement. However, the unfortunate fact is that more than 70% of EPF members will exhaust their EPF money within 10 years of retirement.
THE Employees' Provident Fund in a joint venture with conglomerate UEM has proposed to take over highway concessionaire PLUS Expressways for RM23 billion. Is it getting a good deal? PLUS EXPRESSWAYS BHD HAS been in the media spotlight for the past few months, most intensely in October, as the market analyses, speculates and comments on the implications of the several takeover offers for it.
THE Employees Provident Fund remains ever mindful of the need to protect the rakyat's `retirement money', especially in the present difficult climate. THE ASSET SIZE OF THE EMPLOYEES Provident Fund (EPF) has grown more than 14-fold in the past 24 years - from RM24.6 billion in 1985 to a colossal RM356 billion as at March 31, 2009.
WE look at the issues involved in structuring a private pension programme for consumers. THE emergence of a properly structured private pension system is anticipated by many as it will help complement the Employees Provident Fund (EPF) by enabling individuals, particularly those self-employed, to commit further savings towards retirement. However, there are many issues Malaysian regulators will need to consider to structure an optimal private pension programme for consumers.
THERE seems to be no stopping the Armed Forces Superannuation Fund or Lembaga Tabung Angkatan Tentera (LTAT). It has grown stronger and has today an asset base of RM60 billion and a string of diversified businesses, including six listed entities. While it may not often be in the limelight like the Employees' Provident Fund (EPF) or Permodalan Nasional Bhd (PNB), it has delivered an impressive dividend of 10.5% per annum on average. Much of its success can be credited to Tan Sri Lodin Wok Kamaruddin, who has been helming LTAT for almost three decades. So where does LTAT go from here? Senior Writer Yvonne Chong catches up with Lodin to get a picture on what's in store.
MISC BHD - CRUISER OF THE HIGH SEAS MISC, the largest shipping company in the country, is the biggest listed company owned by Petronas, with a 62% stake. With another 17% held by the Employees Provident Fund (EPF), MISC is a tightly held institutional stock.
THE 2011 Budget has unveiled some good news for investors and the Malaysian capital market. RECENT ANNOUNCEMENTS ON THE DISPOSAL of holdings in government- linked companies (GLCs) by government agencies such as Khazanah Nasional Bhd and the Employees Provident Fund (EPF) must have brought cheer to the market.
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