Why is EPF included in the new guideline?

Question

## The Employees Provident Fund is subject to the new property acquisition guidelines because it is classified as a Government-Linked Investment Company

Accepted Answer

The Employees Provident Fund (EPF) falls under the purview of the Ministry of Economy’s updated Properties Acquisition Guidelines (PAG) primarily due to its status as a Government-Linked Investment Company (GLIC). These guidelines, which mandate a 50 per cent Bumiputera equity requirement for property disposals valued at RM20 million and above, apply uniformly to all entities categorized as GLCs and GLICs to ensure their strategic asset disposals remain consistent with national socioeconomic objectives.

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Why is EPF included in the new guideline?

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