i don’t think this is true but let’s hear from those who are “in the know”.
Checking Bloomberg, Malaysia Sovereign debt was rated A/A- by Fitch. Not aware of C/C- rating for Malaysia sovereign. Where would it be safe to put money (debt is considered safer than stocks)...US and EU debt pun not safe as it was once thought...EPF dividend of 2.5% is guaranteed. Why bulk of the EPF$ is in Debt? To ensure that it is less risky to return the 2.5% guaranteed dividend. My 2cents....