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Key Highlights
Did EPF lose RM500 million?
No random phone checks
Another doctors' strike looms
Did EPF lose RM500 million?
Did EPF lose RM500 million?
MCA and other politicians are alleging that the Employees Provident Fund lost RM500 million in stock trading.
According to MCA president Wee Ka Siong, EPF had paired down its holdings in Malaysia Airport Holdings Berhad drastically from around 15 percent at the start of 2023 to just under 6 percent by year end.
It had reportedly been selling this at rates as low RM6.74 per unit.
However, it reportedly started buying back shares at a higher price in May 2024 - around the time that the MAHB takeover deal by the consortium EPF is part of surfaced.
It is alleged that the difference in share prices in 2023 and 2024 resulted in around RM500 million in losses.
EPF had justified its business dealings as being necessary to, among others, pay dividends to contributors.
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No random phone checks
Police are not allowed to do random phone checks without a valid reason, assured Home Minister Saifuddin Nasution Ismail.
He said cops are only allowed to do checks if there is strong reason to do so.
This is in line with what Inspector-General of Police Razarudin Husain's remarks previously.
The Human Rights Commissions have urged the public to lodge complaints if they have been subjected to a random phone check.
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Another doctors' strike looms
A new shift system being trialled for public healthcare has doctors up in arms and threatening to strike.
The Waktu Bekerja Berlainan (WBB) shift would see doctors work 18 hour shifts instead of 24 to 33 hours.
However, doctors will no longer get allowances for working the graveyard shift on weekdays - meaning less income for many.
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