6. Should EPF be treated differently under GLC, GLIC acquisition guidelines affecting retirement funds?

Question

## EPF is covered by the GLC/GLIC property acquisition guidelines, but the information provided does not show any rule that EPF must be treated differently from other GLICs.

Accepted Answer

Lim Guan Eng said the updated Ministry of Economy Properties Acquisition Guidelines (PAG), which took effect on November 18 last year, apply to GLICs including the Employees Provident Fund (EPF). He characterised EPF as “the premier statutory retirement fund of all Malaysians, from both bumi and non-bumi”, and raised the concern that the new Bumiputera equity threshold would affect a retirement fund. However, the details provided do not state any exemption or separate treatment for EPF within the PAG.

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6. Should EPF be treated differently under GLC, GLIC acquisition guidelines affecting retirement funds?

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