EPF monies fro Public Housing funding

[cskok8]

Union rep and the board members not consulted at all!http://www.themalaysianinsider.com/m...f-loan-scheme/

The EPF Board has no say in its investment decisions. There is a separate Investments Board which make all such decision. Guess who appoints its members.

[cml]

The moment you can take money out from there, just do it.

[zinglicious]

Now the latest twist about the 1.6 Billion loan after the usj.com.my/ and public outburst. - http://thestar.com.my/news/story.asp...602&sec=nation
Wonder how is the flip flop tune from Gomen which announced the grand poltical desiner plan to capture the hearts and minds of the house buyers would sound like with this statement from the EPF officer?

[zinglicious]

Minister said the funds would not empty EPF coffer. http://www.themalaysianinsider.com/m...mpty-treasury/

But I was taught during my primary school way back in the 60's that "Sikit Sikit Curi, Lama lama Jadi Habis " If Bank Bumiputra can disappeared from Bolehland, how is the foundation of EPF which is becoming Empty Promise Fund without proper accountability of funds utillised ?

[cutebanana]

We can all talk and discuss about it here. But your monies are slowly being siphon off. They are simply playing for time. The GE will not be this year it will be next 2013. The longer they can drag it, the better.

[Jennylim]

I thought EPF took loan to buy property in UK! Now got too much money to give loan?

[ivanhow]

I thot that there were some banks willing to offer cheap loans for cheap homes to help those who qualify for the cheap homes loan scheme announced by 1PM last year. What happened to those banks willing to offer these cheap loans? One of the first to offer such loans was Bank Islam. If such loan provision is so good, why not get PNB to provide the loans? PNB wud be guaranteed of repayment too. On the otherhand, since the 'Special scheme won’t undermine EPF', there shud be no worry and hence, why not PNB, or better still Bank Negara?o