Malaysia's EPF upbeat on insurance sector growth
New Straits Times | February 19, 2019
Malaysia’s Employees Provident Fund (EPF) is weighing its options to invest in foreign-owned insurers operating in the country. The EPF, which manages the compulsory pensions plan for private sector workers in Malaysia, is looking to buy up to a 30% stake in one of several fully foreign-owned insurers in the market, which need to reduce their holdings to 70% to comply with an order from the country’s central bank.