KUALA LUMPUR: The Employees Provident Fund (EPF) and Permodalan Nasional Bhd (PNB) should not be classified as government-linked investment companies (GLICs) because their source of funds is money from their members and has nothing to do with the government.
The only true GLICs out there are Khazanah Nasional Bhd and Retirement Fund Inc (KWAP), as the money managed by these two entities are excess funds from the government.
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