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(Updates with background) KUALA LUMPUR, Aug 4 (Reuters) - Malaysia's Employees Provident Fund (EPF) said it has appointed Alizakri Alias as the pension fund's new chief executive effective on Aug ...
Retirement Fund (Incorporated) (Malay: Kumpulan Wang Persaraan (Diperbadankan); KWAP) is a statutory body which manages the pension scheme for Malaysia's public employees. KWAP is the investment manager of the Retirement Fund, which is applied towards financing the government's pension liability, and is responsible for the administration and ...
(US$238 billion), [6] making it the fourth largest pension fund in Asia and seventh largest in the world. [ 7 ] As of 2012, the EPF functions by requiring a contribution of at least 11% of each member's monthly salary and storing it in a savings account, while the member's employer is obligated to additionally fund at least 12% of employee's ...
Kuala Lumpur, [a] officially the Federal Territory of Kuala Lumpur, [b] and colloquially referred to as KL, is the capital city and a federal territory of Malaysia. It is the largest city in the country, covering an area of 243 km 2 (94 sq mi) with a census population of 2,075,600 as of 2024 [update] . [ 8 ]
The Parliament of Malaysia and the official residence of the King are also located in Kuala Lumpur. In 2001, the seat of government was moved from Kuala Lumpur to the planned city of Putrajaya which from then on served as the federal administrative centre, sometimes referred to as the administrative capital.
Kuala Lumpur remains as Malaysia's national capital city per the constitution and is still the seat of the head of state (Yang di-Pertuan Agong) and the national legislature (Parliament of Malaysia), as well as being the country's commercial and financial centre. The establishment of Putrajaya was the idea of Prime Minister Mahathir Mohamad.
KL Metropolis' landmark building will be the 100-storey NAZA Signature Tower within MET 3, and is set to dominate the skyline in the western side of Kuala Lumpur. The tower is a proposed supertall skyscraper that will 412.8 m (1,354 ft) high above ground. [5] The MET 1 Residences and Menara MITI can be seen in the background
In December 2016 the building was purchased by the Kumpulan Wang Persaraan (Diperbadankan) (KWAP), the second largest pension fund in Malaysia. With the sale price of RM 474.3 million ( US $107.25 million), this was the largest office building sale in the country in 2016.