Employees Provident Fund (EPF) logo is seen at headquaters in Kuala Lumpur. AZHAR MAHFOF/The Star
KUALA LUMPUR: AmInvestment Bank Bhd projects that mandatory Employees Provident Fund (EPF) contributions for non-citizen employees could channel up to RM1.7 billion in additional annual inflows into Malaysia’s domestic equity market.
According to its sector report, the estimate is based on the presence of 2.5 million foreign workers, a minimum monthly wage of RM1,700, combined employee and employer EPF contributions of 11 per cent and 13 per cent, respectively, and the assumption that 14 per cent of EPF assets would flow into domestic equities, as indicated in the latest 2023 annual report.
