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Employees' Provident Fund (EPF; Malay: Kumpulan Wang Simpanan Pekerja, KWSP) is a federal statutory body under the purview of the Ministry of Finance. It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia .
In 2001–2004, this ministry was known as the Department of Law and Legislation (Departemen Hukum dan Perundang-undangan). From 2004–2009, this ministry was known as the Department of Law and Human Rights (Departemen Hukum dan Hak Asasi Manusia).
The fund receives contributions from the Federal Government of Malaysia, statutory bodies and local authorities. [1] The contributions are invested by the fund in a mix of equities, bonds, property, private equity and infrastructure, with the investment returns used to finance the government's pension liabilities.
Aside from SOEs, there are also provincially- or municipally-owned corporations, locally known as Badan Usaha Milik Daerah (BUMD). The primary difference between BUMNs and BUMDs is the ownership of the enterprise, whereas BUMNs are controlled by the Ministry of State Owned Enterprise while BUMDs are directly controlled by the local government.
Corporate personhood or juridical personality is the legal notion that a juridical person such as a corporation, separately from its associated human beings (like owners, managers, or employees), has at least some of the legal rights and responsibilities enjoyed by natural persons.
The Ministry of Population and Family Development (Indonesian: Kementerian Kependudukan dan Pembangunan Keluarga/Badan Kependudukan dan Keluarga Berencana Nasional, abbreviated as BKKBN, written as bkkbn, previously written as BkkbN) is a ministry that organizes government affairs in the field of population and family development and the National Population and Family Planning Board is a Non ...