The opposition’s attacks on Prime Minister Najib Razak for his move to increase the Employees Provident Fund (EPF) investments in the United States reflected the low mentality of the opposition, said Gerakan Akar Umbi Umno Malaysia (Gaum).
Its chair Zulkarnain Mahdar said their attacks also showed that they did not place the interests of the people as a priority.
"The experience and skills of EPF in making investments should not be questioned as records show that from the earlier investments made they had accrued profits which contributed greatly to their revenue.
"EPF has for several years invested in the US and European market to increase the dividend returns of its depositors.
“Thus, the meeting between the governments of Malaysia and the US is only an additional initiative to expand EPF’s investment opportunities,” he said in a statement yesterday.
- Bernama
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