EPF not to be blamed for leaving FGV

KWSP logo is seen outside the headquaters in Kuala Lumpur - AZHAR MAHFOF/The Star

THAT the Employees Provident Fund (EPF) does not have any stake in Felda Global Ventures Bhd (FGV) is certainly something that could not have gone down well with some quarters in Putrajaya.

But for those who have been in awe of the EPF’s splendid track record in declaring handsome dividends year after year, against the trend of the global capital markets, the news comes as no surprise. The writing was already on the wall more than two years ago that FGV was not a stock that fitted EPF’s investment criteria.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Hiap Teck subscribes for new shares in Eastern Steel for RM53.24mil
LB Aluminium 2Q net profit tumbles 64.6% to RM12.3mil
JD.com accuses wealth manager Noah of ensnaring it in years of ‘malicious lawsuits’ as fraud case moves to Shanghai court
Ringgit lower against US dollar for second consecutive day
HeiTech Padu bags RM37mil contract from MoH
Tropicana sells W KL hotel to IOI PFCC, Flora Development for RM270mil
MPI's unit to halt leadframe manufacturing by January 2024
Gamuda wins RM1.77bil contract from Singapore LTA
FBM KLCI extends losses to third straight day
Malaysia attracted RM225bil of approved investments in first nine months of 2023

Others Also Read