Don’t be too 'cincai' (lackadaisical) when giving information about the money belonging to Employees' Provident Fund (EPF) contributors.
This is Datuk Seri Dr Wee Ka Siong’s message to the government after he highlighted that different figures were quoted over the sale of Malaysian Airports Holdings Bhd (MAHB) shares in 2023.
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This is Datuk Seri Dr Wee Ka Siong’s message to the government after he highlighted that different figures were quoted over the sale of Malaysian Airports Holdings Bhd (MAHB) shares in 2023.
Read more at https://tinyurl.com/3snntdkx
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00On the 17th of February, 2025, the Minister of Finance has given a written answer to the Padang Serai.
00:08In that answer, the Minister of Finance stated that KWSP has sold MHP shares at a price of between RM5.40 to RM7.36 per share throughout the year 2023,
00:23and subsequently earned RM117 million from KWSP.
00:29However, during the MQT session on the 20th of February,
00:35the second Minister of Finance told the people that the price of MHP shares sold by KWSP was between RM6.80 to RM7.70,
00:48and recorded an income of RM102 million.
00:54The price of MHP shares sold by KWSP was between RM6.80 to RM7.70 per unit, and recorded an income of RM102 million.
01:06Eh, how can these numbers change in just three days?
01:12Initially, it was stated that the price of MHP shares sold by KWSP was between RM5.40 to RM7.36 per share.
01:20Subsequently, it was stated that the price of MHP shares sold by KWSP was between RM6.80 to RM7.70 per unit.
01:26Initially, it was stated that the price of KWSP sold by KWSP was between RM147 million.
01:32Subsequently, it was stated that the price of KWSP sold by KWSP was between RM102 million.
01:38In terms of the price of shares sold by KWSP, the difference is RM1.40, i.e. RM5.40 per share a few days ago,
01:51compared to RM6.80 per share, which was just mentioned by MK2.
01:58I want to ask, which is the correct answer?
02:02The difference between RM1.40 per share and the number of shares sold, i.e. 163.363 million shares, is RM228.7 million.
02:19Eh, this is a big number.
02:21The accumulation of information is especially important for KWSP, which has been entrusted to maintain the savings of investors.
02:30How can KWSP give a more or less answer, or just give an answer to the Ministry of Finance,
02:37to be answered in a noble people's court?
02:41One more thing.
02:43What was done by KWSP.
02:45MK2 told the parliament that the total investment of KWSP at the end of December 31, 2023 was RM63.48 billion.
03:01The total investment at that year was RM63.48 billion.
03:07But according to the official statement of KWSP, on March 3, 2004, the total investment of KWSP at the end of December 31, 2023 was RM66.99 billion.
03:29There is a big difference, i.e. RM3.51 billion.
03:35Which is the correct number?
03:38Hey, is there RM3.51 billion?
03:43Where did it go?
03:45RM3.51 billion is the money of the Malaysian people.
03:50This is the money of the Malaysian people.
03:53Don't play around.
03:59This is the money of the Malaysian people.
04:01Don't play around.
04:03This is the money of the Malaysian people.
04:05Don't play around.
04:07This is the money of the Malaysian people.
04:09Don't play around.
04:11This is the money of the Malaysian people.
04:13Don't play around.
04:15This is the money of the Malaysian people.
04:17Don't play around.
04:19This is the money of the Malaysian people.
04:21Don't play around.