News about EPF

KUALA LUMPUR (April 17): The viability of Permodalan Nasional Bhd’s (PNB) move to merge two of its biggest property companies, S P Setia Bhd and I&P Group Sdn Bhd, depends on the way the synergy is executed, says a fund manager.

PETALING JAYA (April 5): The Employees Provident Fund (EPF) has entered into an agreement to subscribe a 49% interest in Yarra Park City Pty Ltd (YPC) for A$154 million (RM517 million), expanding its property investment portfolio in Australia, OSK said in a statement today.

KUALA LUMPUR (March 23): Malaysia Building Society Bhd (MBSB) made multiple appointments to its board of directors effective yesterday.

KUALA LUMPUR (March 1): The Real Estate and Housing Developers’ Association Malaysia (Rehda) would like to see special end-financing schemes, such as the Skim Pembiayaan Fleksibel (SPEF) that was created exclusively for Perbadanan PR1MA Malaysia homes, applied to private developments as well.

EMPLOYERS be forewarned! The proposed Employment Insurance Scheme (EIS) will be implemented soon pending final approval by the government.

IT is better to invest in property than buy a car, which depreciates in value.

PETALING JAYA (Feb 21): The government should look to enhance the 1Malaysia People’s Housing (PR1MA) scheme by improving its efficiency in processing home purchases, Affin Hwang Capital Research senior associate director for equity research Loong Chee Wei (pictured) told TheEdgeProperty.

KUALA LUMPUR (Feb 21): Buyers of the 1Malaysia People’s Housing Programme (PR1MA) homes who plan to take up its housing loan scheme by drawing down their Employees Provident Fund (EPF) Account 2 can’t expect to “have their cake and eat it too”, said the pension fund’s chief executive officer Datuk Shahril Ridza Ridzuan (pictured).

KUALA LUMPUR (Feb 20): Eco World International Bhd (EWI), which is seeking a listing on Bursa Malaysia's Main Market, has signed three key agreements with GuocoLand Ltd (GuocoLand), the Employees Provident Fund (EPF), Permodalan Nasional Bhd (PNB) and six banks for its initial public offering (IPO) exercise.

KUALA LUMPUR (Feb 14): Ekovest Bhd, which has completed the sale of a 40% stake in the Duta-Ulu Kelang Expressway (DUKE) concession to the Employees Provident Fund (EPF), will be paying a 25 sen special dividend to shareholders.