The Employees Provident Fund (EPF) is a scheme that ensures “savings for one’s old age” and has, to a great extent, enabled the rakyat to retire from their jobs with some peace of mind when the time comes. It is a highly benevolent scheme where the rakyat and their employers both contibute to its success. The government of the day, as trustee, must ensure its continuity and grow the fund with utter care for the long-term benefit of the rakyat.
AirAsia needs fund to reduce debts!
According to the Reuters report of 14 September 2009 … “AirAsia is trying to raise fund of up to RM560 million by selling 400 million new shares via private placement to reduce its debts. Analysts in Malaysia said last month that AirAsia