Malaysia's KWAP says 2017 gross income up at RM9.03b
KUALA LUMPUR (April 23): Malaysia's Retirement Fund (Inc), also known as Kumpulan Wang Persaraan (Diperbadankan) (KWAP), registered gross income of RM9.03 billion in the financial year ended Dec 31, 2017 (FY17) from RM6.36 billion a year earlier. KWAP said today gross income rose mainly on investment income.
KWAP chief executive officer Datuk Wan Kamaruzaman Wan Ahmad said investment income remained the highest contributor to the fund in FY17 at 69%, followed by employers' contribution at 27%. Wan Kamaruzaman said the portion from the Federal Government made up the remaining 4%.
PUTRAJAYA (May 24): The Ministry of Finance (MoF) has provided a breakdown of the federal government's RM1.087 trillion financial obligations as highlighted by the Prime Minister Tun Dr Mahathir Mohamad previously.
In a statement today, Finance Minister Lim Guan Eng said the total amount of government liabilities included Federal government debt, Government Guarantees, and lease payments for Public Private Partnership (PPP) projects such as construction of schools, hostels, roads, police stations, hospitals, etc.