Go for fixed assets, EPF urged

  • Nation Premium
  • Friday, 06 Jun 2003

KUALA LUMPUR: The EPF's continuing practice of taking stocks as collateral will further bring down the rate of dividends because share prices are highly volatile, according to Prof Arjunan Subramaniam. 

The tax consultant and adjunct professor of Universiti Utara Malaysia said that to secure the people's hard-earned savings, the fund's investment panel should only accept solid fixed assets as collateral when giving out loans. 

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