Can use EPF to invest in ASB2
Published on: Friday, May 22, 2015
Kuala Lumpur: The Government is set to allow Bumiputeras to withdraw from the Employees Provident Fund (EPF) Account 1 savings to invest in Amanah Saham Bumiputera 2 (ASB2) in line in an effort to increase their corporate equity, Datuk Seri Najib Tun Razak said. He said the scheme, which is one of the Bumiputera economic empowerment initiatives, would be subjected to minimum savings requirement. He said Bumiputera economic empowerment would continue to be a national agenda as the community now made up 68 per cent of the country's population from 62 per cent 25 years ago.
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