carigold88
Fun Poster
- Messages
- 254
- Joined
- Sep 1, 2008
- Messages
- 254
- Reaction score
- 0
- Points
- 10
‘EPF will profit from loan to Valuecap’
KUALA LUMPUR: The Employees Provident Fund (EPF) will make a profit from the RM5bil that it will lend to the government investment agency, Valuecap Sdn Bhd, to support the local stock market, said Second Finance Minister Tan Sri Nor Mohamed Yakcop.
He said this was based on the past performance of Valuecap which has grown its portfolio from RM5bil initially to RM8bil now.
“I believe that they (Valuecap) will do well and EPF will certainly get its returns.
“Valuecap has done well. It has a good infrastructure, good staff who know better about the market and have a knowledge of what is happening (in the global market),” he told reporters after giving closing remarks at the Khazanah Megatrends Forum 2008, here yesterday.
He said this in response to Deputy Prime Minister Datuk Seri Najib Tun Razak’s press conference yesterday that the Government would borrow RM5bil from the EPF to double the size of Valuecap to RM10bil.
Established in 2003, Valuecap is a fund management firm created to invest specifically in the Malaysian equity market and is jointly owned by Khazanah, PNB and Retirement Fund (Incorporated). - Bernama
baca sini
http://thestar.com.my/news/story.asp?file=/2008/10/22/nation/2341282&sec=nation
Najib mencadangkan ambik RM10 billion untuk beli saham, RM5 billion daripada duit tu datang dari EPF
KUALA LUMPUR: The Employees Provident Fund (EPF) will make a profit from the RM5bil that it will lend to the government investment agency, Valuecap Sdn Bhd, to support the local stock market, said Second Finance Minister Tan Sri Nor Mohamed Yakcop.
He said this was based on the past performance of Valuecap which has grown its portfolio from RM5bil initially to RM8bil now.
“I believe that they (Valuecap) will do well and EPF will certainly get its returns.
“Valuecap has done well. It has a good infrastructure, good staff who know better about the market and have a knowledge of what is happening (in the global market),” he told reporters after giving closing remarks at the Khazanah Megatrends Forum 2008, here yesterday.
He said this in response to Deputy Prime Minister Datuk Seri Najib Tun Razak’s press conference yesterday that the Government would borrow RM5bil from the EPF to double the size of Valuecap to RM10bil.
Established in 2003, Valuecap is a fund management firm created to invest specifically in the Malaysian equity market and is jointly owned by Khazanah, PNB and Retirement Fund (Incorporated). - Bernama
baca sini
http://thestar.com.my/news/story.asp?file=/2008/10/22/nation/2341282&sec=nation
Najib mencadangkan ambik RM10 billion untuk beli saham, RM5 billion daripada duit tu datang dari EPF
