The Employees Provident Fund (EPF) sent a chilling note of caution to prepare for a tough year ahead, as the global and domestic markets continue to be roiled by uncertainties and volatility.
Giving a frank view that the pension fund with assets under management of some RM680bil has got off to a tough start, its chief executive officer Datuk Shahril Ridza Ridzuan said that it was bracing itself for a difficult year ahead, given the ongoing investment climate and poor corporate results.
“The uncertainties in the world economy, following prolonged slower growth in major economies and high volatility in the equity markets and commodity prices, are expected to remain throughout the year,” he said in a statement yesterday.
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Giving a frank view that the pension fund with assets under management of some RM680bil has got off to a tough start, its chief executive officer Datuk Shahril Ridza Ridzuan said that it was bracing itself for a difficult year ahead, given the ongoing investment climate and poor corporate results.
“The uncertainties in the world economy, following prolonged slower growth in major economies and high volatility in the equity markets and commodity prices, are expected to remain throughout the year,” he said in a statement yesterday.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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