Netizen 24 SGP: MTUC upset by EPF's RM17b investment in US economic development

By On September 14, 2017

MTUC upset by EPF's RM17b investment in US economic development

Fri, Sep 15, 2017

  • Local
  • World
  • Business
  • Sports
  • Style/Life
    • Style
    • Showbiz
    • Reviews
    • Health
    • Food
    • Parenting
    • Tech
    • Travel
    • Next Gen
    • Going Viral: Is It True?
  • Opinion
    • Archive
      • Balan-ced Views
      • Just Johor
      • Let's Get Real
      • This N That
      • On My Mark
    • Beyond The Wall
    • Citizen Nades
    • Down2Earth
    • CR Talk
    • Egalitaria
    • Freespace
    • Inside Write
    • Know Your Rights
    • Law Speak
    • Letters
    • Local Counsel
    • Just Different
    • Making Sens
    • My View
    • Off The Cuff
    • OnPointe
    • On The Othe r Hand
    • Policy Matters
    • The A to Z of English
    • TheSun Says
    • Wildlife Matters
    • Others
  • Property
    • Property Archive
  • Education
    • Education
    • Post Grad
  • Media & Marketing
  • Community
  • Photos
    • Photo Gallery
    • Photo Wall
MTUC upset by EPF's RM17b investment in US economic development

PETALING JAYA: The Malaysian Trades Union Congress (MTUC) is puzzled with the almost RM17 billion investment by Employees Provident Fund (EPF) to the economic development of US.

"We are critical about the government's commitment to invest US$4 billion from EPF to strengthen US's economy. This commitment does not reflect the government in a positive light when Malaysia's employee funds are used to strengthen a superpower's economy. Especially given that we need to strengthen our country's own economy at least to realise the Vision 2020," it said in a statement yesterday.

Does US as superpower and one of the world's largest economy needs the retirement funds of Malaysians to strengthen its economy, the council asked.

"We are not against the government making international trade deals in this global economic climate, but before taking such measures, the government cannot neglect its own people. Especially employees' welfare and managing their funds," it added.

The congress added that EPF funds belonged to the people and should be used in increasing their welfare rather than invested in the US equity market to help their infrastructure.

They have written to the Prime Minister Datuk Seri Najib Abdul Razak for better dividends for 2016 by reducing the divi dends to EPF by 0.7%.

"This request was made in February as 2016 was the highest income gained by EPF since its establishment," it said.

Datuk Seri Najib Abdul Razak's meeting with US President Donald Trump on Tuesday has come under criticism after the prime minister's pledged of billions of ringgit in investments there.

Related articles

  • MTUC calls on EPF to declare same dividend as 2015
  • Khazanah, EPF to expand investments in US, more Boeing aircraft for MAB: Najib
  • EPF Q1 investment income jumps almost 74%
  • EPF declares 5.7% dividend for 2016, total payout RM37.08b
  • Opposition criticises Najib’s investment pledge in US, wants explanation

thesundaily_my Sentifi Top 10 talked about stocks


  • When all else fails â€" attack! Inside Write "My centre is giving way, my right is retreating, situation excellent, I am attacking."...
  • Misguided economic expectations Policy Matters PUBLIC commentators and media reports are, generally, doing little to boost confidence in...
  • The Malaysian idea Egalitaria WHEN we come together to celebrate Malaysia Day on Sept 16 each year, what is it that we...
  • The question of ethics and integrity Others THE unfortunate episode of Felda Global Ventures (FGV), which is an offshoot of Federal...
  • Stick to sovereign symbols My Vie w HARI Malaysia has a new "icon" (read logo), a relaunch of a previous one allegedly "to...
  • Book opens new debate on the way forward Others IN the late 1980s, the young Terence Gomez proved himself to be the worthy successor to a...

Football Fixtures & Results

'); $('#ad-skin').css({ 'background':'url('/sites/default/files/theSun_APPLE_ANDROIDpp_WEBBANNER-150313_0.jpg') no-repeat center top', 'display':'block', 'height':'100%', 'width':'100%', 'position':'fixed', 'left':'0', 'top':'0', 'z-index':'0' }); });Source: Google News

« Prev Post
Next Post »