Ringgit undervalued but forex not sole factor influencing EPF decisions


SHAH ALAM: The ringgit is fundamentally undervalued but foreign exchange rates is not the only factor influencing decisions on buying and selling Employees Provident Fund (EPF) assets, says its chief executive officer Ahmad Zulqarnain Onn,.

"Our house view on ringgit is that it is fundamentally undervalued," he said during a press conference after the EPF's 2023 Financial Performance Briefing here on Sunday (March 3).

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Ringgit , USD , Foreign Exchange , EPF

Next In Nation

Signing of 11 MoU with India testament to PM Anwar’s role in regional, global partnership
Johor RM17mil special allocation shows leaders’ understanding of people’s needs, says Dr Wee
Azmin, Faizal Azumu among Bersatu leaders at Muhyiddin’s home for special meeting
Johor grants special RM17mil CNY allocation for Chinese schools, welfare
Village chiefs should carry out duties responsibly, says Tiong
Terengganu-Felda land issue nearing resolution, says Ahmad Zahid
RM200mil in cash assistance distributed to flood victims last year, says Ahmad Zahid
Krishnan Tan confirms full cooperation with MACC probe into IJM
Tabung Amanah Sultan Kedah aims to strengthen targeted welfare support, says Raja Muda
Three arrested for drink driving in Kluang

Others Also Read