Wednesday, March 14, 2007

epf has no business in bank(s)

EPF has no business to invest in bank(s) The Management Committee entrusted to protect the employees' pension fund should have learned the mistakes made long ago. MBSB, Bank Islam and other investments....no these same people will go to save cronies so that the economy pie will be maintained. Now EPF bought RHB for $2.2 billion of the workers' pension fund. RHB has mounting debts. I dont know how EPF evaluate its buy decision. All I know RHB was controlled by the chief minister of Sarawak's family. When business is profitable, nobody wanted to sell his/her stake. No Jose!! Do the 10 million workers agree? We are losing our pension fund..our interest rate is nothing to shout about

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