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Malaysia's Retirement Fund Incorporated earned RM12.9 billion from investments last year, yet this falls far short of the RM45 billion annual cost of government pension obligations, highlighting growing fiscal pressures.
Prime Minister Datuk Seri Anwar Ibrahim will face questions in the Dewan Negara regarding the Retirement Fund Incorporated's investment in eFishery, a decision that has drawn public attention.
Losses from KWAP's investment in Indonesian start-up eFishery expose governance gaps in Malaysia's retirement fund management. Questions remain over fraud detection and fiduciary safeguards.