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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
Read More »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
Read More »EPF urges employers to utliise e-Caruman facility
Monday, 31 October 2016 PETALING JAYA: The Employer Provident Fund (EPF) is urging all employers to start using its e-Caruman online payments facility as its manual system for EPF contributions by employers will be scrapped beginning January 2017. All employer transactions with EPF will be done online going forward and …
Read More »EPF: Registration open for Simpanan Shariah
Monday, 8 August 2016 KUALA LUMPUR: The Employees Provident Fund (EPF)’s Simpanan Shariah, which will be launched in January 2017, is now open for registration at EPF branches, nationwide, to all members regardless of race, religion and nationality. Members who wish to convert their conventional EPF savings to Simpanan …
Read More »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 …
Read More »EPF gets equity lift
Wednesday, 31 May 2017 PETALING JAYA: The Employees Provident Fund (EPF) posted a 74% jump in investment income to RM11.8 billion in the first quarter ended 31 March, as it benefited from rising global stock prices. The value of its assets under management rose 2.2% or RM16 billion from 31 …
Read More »EPF Q1 investment income up 74% to RM11.8 billion
Monday, 30 May 2017 KUALA LUMPUR: The Employees Provident Fund (EPF) registered strong financial performance in the first quarter ended 31 March 2017 with investment income of nearly RM11.8 billion, aided by sharply lower impairments. It said on Tuesday the income was up 73.9% from RM6.78 billion in the previous …
Read More »EPF outsources RM108 billion funds to external portfolio managers
Friday, 12 May 2017 KUALA LUMPUR: The Employees Provident Fund (EPF) has outsourced RM108 billion as at end-December 2016 to external portfolio managers to invest in equity and fixed income instruments. It said on Friday the amount was 10.36% compared with RM97.86 billion in 2015. “This allocation, invested in both …
Read More »EPF reckons higher dividend
Friday, 21 April 2017 KUALA LUMPUR: The Employees Provident Fund (EPF) could break out of its 2 straight years of declaring lower dividends this year if Bursa Malaysia continues its uptrend movement. In the financial year 2015 (FY15) and FY16, the EPF’s dividend had been on a declining trend after …
Read More »EPF provides free financial literacy guidance to members
Friday, 7 April 2017 KUALA LUMPUR: The Employees Provident Fund (EPF) is giving free financial literacy guidance to its members that will inculcate better financial and retirement planning, chief executive officer Datuk Shahril Ridza Ridzuan said. He said the free service is available at all its branches would certainly assist …
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