Why is the inclusion of EPF in these guidelines controversial?

Question

## EPF’s inclusion is controversial because it is a universal retirement fund, yet the new rule imposes Bumiputera equity conditions on its property deals.

Accepted Answer

Lim Guan Eng said the issue matters because the Employees Provident Fund is “the premier statutory retirement fund of all Malaysians, from both bumi and non-bumi.” Applying the 50 per cent Bumiputera equity requirement to GLIC property acquisitions worth RM20 million and above means a rule tied to Bumiputera ownership is being extended to an institution that serves contributors across ethnic groups.

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Why is the inclusion of EPF in these guidelines controversial?

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