Bigger write back for EPF likely


PETALING JAYA: The Employees Provident Fund (EPF), which made a RM4.69bil provision for the diminution in value of its equities investment last year, could write back a bigger amount this year as equity markets continue to improve.

The pension fund Thursday announced that it recorded a RM4.8bil investment income for the second quarter ended June 30, reflecting a 46.64% increase from RM3.27bil achieved in the first quarter.

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