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Tag Archives: EPF

Software engineer loses over RM1.2mil in Macau scam



KUALA LUMPUR: A 61-year-old IT software engineer lost more than RM1.2mil of her life savings to a Macau scam.

Kuala Lumpur Commercial Crime Investigation Department deputy chief Supt Tan Poh Cheok said that the scammers first contacted the victim on July 29.

"The scammers told her that they were from the Inland Revenue Board (LHDN) and that she had been flagged for unpaid taxes and money laundering. Her call was also transferred to the 'police' where she was told that her name was listed as wanted by the authorities.

"They then instructed her to pass all financial information such as pay slips, insurance statements and information on stocks held by her. She was then told to transfer monies, including from her Employees Provident Fund (EPF) to a newl

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KWAP’s journey with ESG investing



IF it’s one thing that the Covid-19 pandemic has thought investors is that they need to be concerned about the survival of companies they invest in, when the latter are faced with unprecedented shocks.

Local institutional fund Kumpulan Wang Persaraan (Diperbadankan) has been early to adopt environmental, social, and governance (ESG) criteria in its investment strategies. KWAP CEO Nik Amlizan Mohamed shares some of her thoughts about asset management, ESG adoption and the pandemic.

StarBizWeek: How has the Covid-19 pandemic changed investment strategies?

Nik Amlizan: The pandemic has exposed the fragility of concepts that we once may have viewed as concrete. It continues to show us the cracks in our businesses, particularly from an

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No conventional banking in EPF’s ‘Simpanan Shariah’ portfolio

Monday, 25 July 2016 KUALA LUMPUR: The Employees Provident Fund’s (EPF) fully shariah-compliant investment scheme or ‘Simpanan Shariah’ that will kick in next year will exclude conventional banking from its investment portfolio. Nevertheless, its investment strategy will still be guided by its Strategic Asset Allocation (SAA) model, with the objectives of preserving and enhancing …

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