Bernama’s report today quoted Najib as saying the EPF’s investment in the U.S. would reap huge returns, which will translate into dividends for workers in Malaysia.
“However, the opposition has questioned the EPF’s (Employees Provident Fund) objective in investing in the US”.
Najib arrived here Thursday from Washington DC, United States after ending his three-day official visit on the invitation of Trump whom he met on Tuesday. “So it’s not a one-way street”.
Mr Najib’s remarks came on the back of the opposition criticising Mr Najib’s trip to the US.
Commenting on this, an economist said EPF has always been investing abroad as part of its overseas investment strategy and looking at the current situation in other developed nations, the U.S. would be the obvious choice at the moment. “Especially given that we need to strengthen our country’s own economy at least to realise the Vision 2020”, it said in a statement yesterday.
At the media conference with Malaysian journalists on the grounds (outside the building) of 10 Downing Street after the meeting, Najib said they had also touched on a number of issues on bilateral relations and worldwide issues.
During the ensuing delegation meeting, Najib said national carrier Malaysia Airlines would buy 16 Boeing aircraft, with an additional purchase rights of eight planes, as well as a strong probability that the national carrier to add 24 or 25 more planes in the near future.
The EPF is expected to invest between US$3 billion (RM12.57 billion) and US$4 billion (RM16.76 billion) in the US.
“I also received assurance from the UK Prime Minister on humanitarian assistance for the Rohingyas who have fled to Bangladesh from Myanmar and Rakhine State, that these people would be assisted by the global community”.
Apart from boosting trade ties, Najib said Malaysia and the United Kingdom had also agreed to join forces to fight terrorism.
“This demonstrates that we have succeeded as a nation. We will investigate each tahfiz school”, Najib was quoted saying by Utusan Online.
The Prime Minister said Malaysia has benefited from investment and trade worth tens of billions of ringgit with several countries, including the US.