EPF, PNB, KWAP, Khazanah suffer RM56 billion losses
The Employees Provident Fund’s stakes in major banks in the country are bleeding after Bursa Malaysia went into the red. – The Malaysian Insight file pic, March 18, 2020.
THE Covid-19-led rout in Bursa Malaysia and globally has not spared major institutional funds, such as EPF, PNB, Retirement Fund Incorporated and Khazanah, reportsThe four funds have lost an estimated RM55.7 billion since the start of year, according to data compiled from Bloomberg. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Allow withdrawals from second EPF account in Covid-19 crisis, says NajibHe also calls for bigger allocations of financial aid for those who need it. FMTNews NajibRazak Covid19
Read more »
Oil prices extend losses on price war, virus fallout | The Malaysian InsightBrent global benchmark is down 2.9% at US$32.82 a barrel.
Read more »
Sweden announces €28 billion coronavirus economic package | The Malaysian InsightSweden announces €28 billion coronavirus economic package
Read more »
France fines Apple €1.1 billion | The Malaysian InsightUS tech giant prevented independent resellers from competing on price, competition regulator finds.
Read more »
Wellington unveils NZ$12.1 billion pandemic stimulus package | The Malaysian InsightFinance minister likens govt’s coronavirus response to defensive tackle by All Blacks.
Read more »
Task force has recovered RM1.4 billion in 1MDB funds, says PM’s office | The Malaysian InsightDetails of action to recover another RM6.9 billion have been submitted.
Read more »