COMMENT | Why EPF must remain independent

P GunasegaramPublished: May 11, 2023 2:15 AM

COMMENT | Prime Minister Anwar Ibrahim’s decision not to allow any more withdrawals from the Employees Provident Fund (EPF) is the right one to make.

One hopes further that he will let the retirement fund make its decisions without any undue interference from the government anymore.

Perhaps it may cost some politically, but the EPF is the guardian of over 15 million workers' retirement funds.

Therefore, it should not be used as a football to be kicked around at every incoming prime minister’s whim and fancy to serve his own purposes. Anwar should now lay the ground for EPF’s continued independence...

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