Last April, the Employees’ Provident Fund (EPF) did not liquidate any specific asset to fund the i-Lestari, i-Sinar, and i-Citra schemes, as well as the final one-time RM10,000 special withdrawal facility.
Finance Minister Tengku Zafrul Aziz stated in a written parliamentary reply that the EPF had liquidated assets in the “regular course of business” to support the withdrawal schemes.
“Any purchase or sale of EPF assets is subject to investment portfolio rebalancing based on EPF’s strategic asset allocation (SAA) and is aimed at generating real revenue that may be paid to members in dividend payments,” he explained.
Focus In Parliament On MAHA 2022 And Flood Preparations
The question on Maha will be raised by Datuk Che Abdullah Mat Nawi (PAS-Tumpat) during the Minister’s Question Time to the Minister of Agriculture and Food Industry, according to the Order Paper on the Parliament’s official website.
Meanwhile, during the question-and-answer session, Opposition Leader Datuk Seri Anwar Ibrahim (PH-Port Dickson) will ask the Prime Minister about the preparatory measures that have been put in place since last year’s flood incident to increase the government’s preparedness to face flood disasters, particularly as the monsoon season approaches.
A Flurry Of Excitement At Parliament During Nancy Pelosi’s Visit
During her visit to Parliament, two concerns with direct ties to the US were highlighted in Dewan Rakyat.
Among them was the postponement of a report on human trafficking by Home Minister Datuk Seri Hamzah Zainudin.
According to the US Department of State yearly report issued last month, the country remains in Tier Three of the Trafficking in Persons Report through July 2022.
Malaysia’s attempts to meet US Federal Aviation Administration (FAA) safety standards after being downgraded from Category 1 to Category 2 in November 2019 were also mentioned.
Transport Minister Datuk Seri Dr Wee Ka Siong informed the House that the country was on pace to meet the FAA’s 29 findings, with an announcement expected later this month from US aviation authorities.
