1MDB, last week, was declared in default after it failed to pay a US$50.3 million debt payment, but the Employees Provident Fund (EPF) today stressed that its exposure to the state investment arm is "very limited".

EPF chief executive officer Shahril Ridza Ridzuan in a press conference today was asked whether the EPF was concerned over its investments in 1MDB in light of the latter’s default.