PM wants EPF to increase domestic investment to 70%

📆 08/05/2023 17:35:00
📰 staronline

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Prime Minister Datuk Seri Anwar Ibrahim has called on the Employees Provident Fund (EPF) to increase its domestic investment to 70% this year, compared with 64% last year. Read more at

Anwar, who is also the finance minister, said the fund should also review its direction so that investments made by the fund reflect the aspiration of the government which has focused on, among others, youth involvement, food security, and startups.

"If the government can find new investments, more revenue will be generated, and this will benefit the people,” he said in his keynote speech at the officiating of Menara KWSP in Kwasa Damansara here today. KWSP is the Malay acronym for EPF."There have been good strategic investments, not just in terms of industry but also in infrastructure, such as PLUS highway, Smart Tunnel, and for housing projects, I admit that.

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