News about EPF

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.

KUALA LUMPUR (Feb 14): Perbadanan PR1MA Malaysia has submitted a proposal to the government for the moratorium on reselling imposed on buyers of its houses to commence from the date the Certificate of Completion and Compliance (CCC) issued.

SUBANG (Feb 13): More than 60% of potential 1Malaysia Housing Programme or PR1MA homebuyers had to give up their booked units due to problems with end-financing.

KUALA LUMPUR (Feb 13): The developer of Bukit Bintang City Centre (BBCC) is unfazed by the office supply glut that is haunting the Klang Valley property market now, saying the RM8.

KUALA LUMPUR (Feb 10): BBCC Development Sdn Bhd, the developer of the Bukit Bintang City Centre (BBCC) project has inked an Agreement to Lease (ATL) today with Zepp Hall Network Inc (Zepp Hall) for a 20 year lease tenure to operate a Zepp branded concert hall at BBCC.

KUALA LUMPUR (Feb 10): Malaysia's Employees Provident Fund (EPF) is evaluating about one trillion won (RM3.