00:00 The KWSP asset is not affected by the weak RMB performance because it is very diverse, said CEO Ahmad Sukainan Onn.
00:11 He said that KWSP investment coincides with the long-term investment principle and the temporary change in the market has no direct effect.
00:21 On 20 February, the RMB fell 0.2% to 4.7965 compared to the US dollar, reaching the lowest level since the lowest level in the long term, 4.8850 in 1998 during the Asian financial crisis.
00:42 The weak performance of the RMB caused the state bank to say that the currency is now low in value because the country's basic and economic prospects are still positive.
00:52 In that, Sukainan said that the government's proposal to introduce a new public servant pension scheme will not affect the KWSP asset demand.
01:02 He said that the government is looking to take about 30,000 public servants a year, but the amount will give a slight effect to the 16 million KWSP members available.
