Deputy Finance Minister Datuk Othman Aziz said claims that the government is doing the US a favour by supporting the EPF investment proposal is completely baseless. He pointed out that the US economy size is worth between US$3 trillion and US$4 trillion and EPF is merely looking at investment opportunities to generate profits, which later distributed to its members in the form of dividend. "The proposed investment is the EPF's corporate strategy to balance its domestic, Southeast Asia and the international investment portfolio. "If you compare the EPF plan to further invest between US$3 billion and US$4 billion in the US and the country's economy size is worth between US$3 trillion and US$4 trillion, you will understand that it is an investment move. He added that all investment decisions by the EPF are subjected to stringent process to protect the interests of its 14 million members.

Source: New Strait Times September 18, 2017 06:45 UTC