EPF may have to sell overseas assets if fourth round of withdrawals allowed

PARLIAMENT | If the government allows contributors to withdraw money from their retirement savings accounts under the Employees Provident Fund (EPF) for the fourth time, the statutory body may be forced to sell more of its investment assets overseas.

“If we were to allow the withdrawal of RM10,000 on a one-off basis, the number of members who are qualified to make the withdrawals is expected to be around 6.3 million people, which may involve a total of RM63 billion of additional withdrawals...