Big News!EPF had often boasted of their risk management capabilities and prudent investment skills. Yet, in such a simple deal, of which information can be easily discovered if they had conducted a proper due diligence, wasn't known to them. Risk Management? Did they understand the knowledge and application? Funny? They are managing some RM280 billion belonging to the contributors, majority of whom are lower income wage-earners. Did someone stands to benefit from the deal and were prepared to "close-one-eye?
Trust them; they know what they are doing.
Bigger News!Islamic Development Bank (IDB) will be helping Indonesia secure a US$1.5 billion (about RM5.3 billion) fund for infrastructure projects in Indonesia.
However, the fund has yet to be finalised although it started talking for more than 6 months.
Since becoming President of Indonesia, Susilo Bambang Yudhoyono had actively rolled out some US$150 billion worth of development projects (RM520 billion), comprising roads, telecommunication, power plants, ports and infrastructure projects to be spread over the next 5-years.
Genting Bhd, through it's associate company, Landmark Bhd is investing in a RM4 billion casino project on Bintan Island, Indonesia. Genting is also building the casino in Sentosa Island, Singapore.
Indonesian government approved a casino project in Bintan? They are an Islamic country. They don't have problem; Why do we have? Is Malaysia much more Islamic and more pure? Or, our muftis are holier?
3 comments:
EPF nearly conned. More like already conned.
Will there be re-examination of other such deals concluded? Pretty scary to have such people managing retirement funds.
I think EPF should take a look at themselves to see who within their own ranks recommended this deal. I am almost sure the external has "kau tim" someone influential to try to push the deal through.
first thing that - EPF officers look like IDIO*T when this news appeared in the newspapers.
how could a dog manning a house if the dog dont even know how to be a dog in the first place. must change the dog lah... put cat better! scrap the dog to man some yacht or boat in Duyung or Langkawi better...
it showed how incompetent and zero accountability in the brain cells of the EPF management and employees; risking the people old age savings... so easy as a-b-c.
about time the gomen decide who should sit and squat in the EPF management before it become another ENRON case; but made in malaysia boleh ma...
that's why - malaysian now hard up for duit kopi here there everywhere until their own blood also they want to throw into Klang River... typical malaysian lah!
duo-duo-bo-doh!
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