Malaysia s Employees Provident Fund (EPF) reported a near 30% jump in third-quarter gross investment income thanks to gains from domestic and foreign investments, but warned that rising coronavirus cases globally pose a challenge to economies already struggling to recover from earlier lockdowns to curb the spread of the pandemic.
The EPF, the largest pension fund in the country, reported 17.33 billion ringgit (US$4.26 billion) of gross investment income in July through September, up 28.37% from 13.50 billion ringgit in the third quarter of 2019.
Income for the first nine months of the year almost doubled to 44.61 billion ringgit from 23.33 billion ringgit in the same period of 2019.