EPF to buy Rubber Research Institute land for RM3bil

I refer to the business news, EPF to buy Rubber Research Institute land for RM3bil that reported that the EPF will pay the Government RM3Billion for the RRI land, and will likely spend additionally up to RM10billion to further develop it within the next 15 years.

it is good to hear that the EPF, who is the Trusted party of public funds, is taking such good care of the contributions of our employees, doing its best to diversify and maintain a good stream of income for the Fund.

However, if we do some simple mental arithmetic on the figures quoted in your report, EPF will also be tying up funds of up to RM13billion (likely to be much more, when the full details of the investment are made known, and taking into account the inflationary pressure on money) will be tied up and not earning any income for the rakyat. Assuming simplistically that such money if invested otherwise in banks, equities or bonds(13billion) can earn up to 5% per year, the public will stand to "lose" up to RM600 million per year, pro-rated, for the next 10 to 15 years..

Perhaps the EPF, under such circumstances will do the public a big favour by disclosing the full details of its investment plan on the Sungei Buloh land for the next 15 years for the benefit of public information, especially the estimated revenue stream that it will generate on its completion.

After all, it's their money