EPF can now invest up to 20pc overseas
Government-linked investment companies (GLICs), such as the Employees Provident Fund, can now invest up to 20 per cent overseas of the total assets managed as compared with seven per cent previously.
"GLICs will be allowed to increase investment in overseas markets to explore opportunities for better returns," said Prime Minister Datuk Seri Najib Tun Razak when tabling Budget 2011 in Parliament today.
GLICs will also divest their shareholdings in major companies listed on Bursa Malaysia to increase liquidity and trading velocity in the market.
-- BERNAMA
"GLICs will be allowed to increase investment in overseas markets to explore opportunities for better returns," said Prime Minister Datuk Seri Najib Tun Razak when tabling Budget 2011 in Parliament today.
GLICs will also divest their shareholdings in major companies listed on Bursa Malaysia to increase liquidity and trading velocity in the market.
-- BERNAMA
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