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Malaysia's Socso assets grew 5.72% year-on-year in 2020


Malaysia’s Social Security Organisation’s (Socso) total assets grew 5.72% to 31.4 billion ringgit (US$7.65 billion) in 2020, and it wants to diversify from a bond-heavy investment strategy into foreign stocks, real estate and private equity to boost long-term returns, according to Chief Executive Officer Mohammed Azman Aziz Mohammed.
Assets last year were up from 29.7 billion ringgit in 2019 and 28.8 billion ringgit in 2018, Mohammed Azman told local business radio station
BFM in an interview on April 28.
This is the first public disclosure of state-owned Socso’s asset figures for 2019 and 2020 as annual reports for the two years have not been released yet.
“We have actually moved to diversify our investments. All this while, most of it is into fixed income, money market,” Mohammed Azman says. ....

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Month-long school closure


Month-long school closure
Modified10:46 pm
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AstraZeneca for the elderly
Month-long school closure
Amid rising Covid-19 cases in schools, the Education Ministry outlined a plan that would see students kept at home for more than a month.
Students will go on their week-long Hari Raya break beginning May 7 and will then learn from home for two weeks, after which, their two-week long term break will begin.
In the meantime, selected schools are being closed on an ad-hoc basis whenever Covid-19 cases are detected. In Penang, 20 schools have been closed as well as six in Negeri Sembilan and 15 in Klang, Selangor. ....

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