Sammyboy RSS Feed
31-05-2016, 05:40 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Hold talk to answer questions from public about their investments.
Screenshot_2016-05-31-05-24-52_com.facebook.katana_1464643519093.jpg (http://www.sammyboy.com/attachment.php?attachmentid=26874&d=1464643640)
PETALING JAYA: He came to the venue of a talk on the Employees Provident Fund (EPF) unannounced, and without any fanfare – he drove his own car to the car park and walked up to the hall without an entourage of escorts or officials to accompany him.
However, after a good 90 minutes, of which more than half the time was spent on answering questions from mostly retirees, the audience left feeling assured that their money was in safe hands.
The overwhelming factor in tilting the confidence of the audience towards Malaysia’s largest retirement fund manager is the way its chief executive Datuk Shahril Ridza Ridzuan handled the questions easily without a pause or hesitation.
Even the most sensitive of questions – which is whether the EPF has been told to do things by the Government was handled with ease.
Shahril, a 45-year-old Oxford-trained lawyer, said there was a dual-way check and balance mechanism between the Government and EPF.
“The Government cannot tell us what to invest in; the EPF decides for itself what to invest in. But we have to ask permission from the Government for any particular investment or asset class that we want to invest in, and the Government can say no to us.
“It works both ways. They cannot tell us what to do but they can say ‘no’ to any proposal that we put forth. It reflects the supervisory role of the Government, which takes the view that it still has the final say to ensure that the EPF doesn’t take too much risk,” he told the audience in reply to a question at the Star Media Group’s PowerTalk: Business Series on Saturday.
Answering a question on 1Malaysia Development Bhd (1MDB), Shahril said the EPF’s exposure was RM200mil in the form of Islamic bonds issued in 2009, when 1MDB was then still known as the Terengganu Investment Authority (TIA).
........
https://m.facebook.com/story.php?sto...id=11450527254 (https://m.facebook.com/story.php?story_fbid=10153237677667255&id=11450527254)
Attached Images http://www.sammyboy.com/attachment.php?attachmentid=26874&stc=1&d=1464643640
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?230470-When-is-CPF-going-to-do-this&goto=newpost).
Hold talk to answer questions from public about their investments.
Screenshot_2016-05-31-05-24-52_com.facebook.katana_1464643519093.jpg (http://www.sammyboy.com/attachment.php?attachmentid=26874&d=1464643640)
PETALING JAYA: He came to the venue of a talk on the Employees Provident Fund (EPF) unannounced, and without any fanfare – he drove his own car to the car park and walked up to the hall without an entourage of escorts or officials to accompany him.
However, after a good 90 minutes, of which more than half the time was spent on answering questions from mostly retirees, the audience left feeling assured that their money was in safe hands.
The overwhelming factor in tilting the confidence of the audience towards Malaysia’s largest retirement fund manager is the way its chief executive Datuk Shahril Ridza Ridzuan handled the questions easily without a pause or hesitation.
Even the most sensitive of questions – which is whether the EPF has been told to do things by the Government was handled with ease.
Shahril, a 45-year-old Oxford-trained lawyer, said there was a dual-way check and balance mechanism between the Government and EPF.
“The Government cannot tell us what to invest in; the EPF decides for itself what to invest in. But we have to ask permission from the Government for any particular investment or asset class that we want to invest in, and the Government can say no to us.
“It works both ways. They cannot tell us what to do but they can say ‘no’ to any proposal that we put forth. It reflects the supervisory role of the Government, which takes the view that it still has the final say to ensure that the EPF doesn’t take too much risk,” he told the audience in reply to a question at the Star Media Group’s PowerTalk: Business Series on Saturday.
Answering a question on 1Malaysia Development Bhd (1MDB), Shahril said the EPF’s exposure was RM200mil in the form of Islamic bonds issued in 2009, when 1MDB was then still known as the Terengganu Investment Authority (TIA).
........
https://m.facebook.com/story.php?sto...id=11450527254 (https://m.facebook.com/story.php?story_fbid=10153237677667255&id=11450527254)
Attached Images http://www.sammyboy.com/attachment.php?attachmentid=26874&stc=1&d=1464643640
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?230470-When-is-CPF-going-to-do-this&goto=newpost).