By BERNAMA / Pic By ISMAIL CHE RUS
The Employees Provident Fund (EPF), Bank Negara Malaysia (BNM) and Retirement Fund Inc (KWAP) recorded the highest investment assets of RM1.36 billion in 2017.
According to the Auditor-General’s Report 2017 Series 2, the investment assets of the three federal agencies accounted for 92.6% of total investment assets amounting to RM1.46 billion.
“Out of 10 federal statutory bodies that recorded the highest investment assets, seven of them recorded an increase in investment assets of between 1.7% and 15.1% in 2017.
“Besides, three federal statutory bodies recorded a decline in investment assets, namely the Federal Land Development Authority (30.3%), Majlis Amanah Rakyat (16%) and Bank Simpanan Nasional (12.8%),” the report said.
On investment assets, the report said they comprised domestic investment assets of RM814.81 billion or 55.6% of the total and foreign investment assets of RM649.58 billion.
Among the 78 federal statutory bodies that obtained investment assets, only four recorded increases in overseas investments, as well as domestic investments, namely the BNM (4%), EPF (22.4%), KWAP (11.3%), and Lembaga Tabung Haji (24.1%).
“For the Malaysian Palm Oil Board, it did not record any increase or decrease, while the Social Security Organisation registered a decline of 99.8%,” he added. — Bernama