The EPF Debate: Balancing Economic Growth and Social Security
There have been quite a bit of news lately surrounding EPF. Last week, Prime Minister Datuk Seri Anwar Ibrahim said the Cabinet would discuss a proposal to raise employers' contribution to 20% on their respective employees’ EPF accounts. A couple of days ago, the PM called for the EPF to aim for the retirement fund to shift its investment portfolio to comprise 70% of domestic investments by year-end. Our researcher Ng Sze Fung unpacks this with BFM.