It’s a fair rate, says MTUC

  • 📰 staronline
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 75%

Malaysia News News

Malaysia Latest News,Malaysia Headlines

PETALING JAYA: The EPF dividends rate for 2019 is relatively fair considering the pressing economic challenges in Malaysia and globally, says the Malaysian Trades Union Congress (MTUC).

Its president Datuk Abdul Halim Mansor said while MTUC was not entirely satisfied with the rate of 5.45%, he noted EPF’s heavy responsibility in deciding the rate based on the returns from its investments, impacted by economic uncertainties.

“All these developments have impacted EPF’s investments. We are confident EPF will take appropriate measures to strengthen investment policies and tackle the economic headwinds ahead,” he said. “In this context, we are confident EPF can make improvements to its internal processes and procedures to approve investments locally and abroad to maximise returns,” he said.

Yesterday, EPF declared a dividend of 5.45% for Conventional Savings and 5% for Syariah Savings for 2019.This is the lowest dividend rate for Conventional Savings since 2008.The EPF said its overall investment assets grew to RM924.75bil as it experienced a 2.8% growth in membership to 14.6 million while its registered employer base expanded by 3% to 522,300 employers.EPF chief executive officer Tunku Alizakri Alias said as anticipated, there was substantially more volatility in 2019.

Tunku Alizakri said the domestic markets also did not support the income-generating capabilities of the EPF as 70% of the fund’s assets were in Malaysia, with a major part in domestic equities.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lower EPF dividends for 2019 fair and satisfactory, says MTUCHowever, MTUC president Abdul Halim Mansor says EPF needs to find ways to secure higher dividends in the future. FMTNews MTUC EPF
Source: fmtoday - 🏆 5. / 72 Read more »

MTUC mahukan KWSP agresif melabur di luar negara | The Malaysian InsightIa membolehkan dana simpanan persaraan pekerja itu memberikan dividen lebih baik kepada pencarum.
Source: msianinsight - 🏆 8. / 63 Read more »

MTUC accepts 2019 EPF dividend rate of 5.48 per cent as being fairKUALA LUMPUR: The Malaysian Trades Union Congress (MTUC) accepts the lower dividend from the Employees Provident Fund (EPF) as ‘ fair’.
Source: NST_Online - 🏆 17. / 53 Read more »

MTUC wants EPF to invest aggressively overseas | The Malaysian InsightCongress wants policies to address challenges of digital era.
Source: msianinsight - 🏆 8. / 63 Read more »

MTUC says EPF dividend rate fair in view of economic challengesPETALING JAYA: The Malaysian Trade Union Congress (MTUC) says the EPF dividend rate for 2019 is relatively fair considering the pressing economic challenges in Malaysia and globally.
Source: staronline - 🏆 4. / 75 Read more »

MTUC: Let EPF invest abroad more aggressively | Malay MailKUALA LUMPUR, Feb 22 — The Malaysian Trades Union Congress (MTUC) hopes the government would give the Employees Provident Fund (EPF) all the leeway it needs to invest abroad more aggressively to offset any downturn in the domestic economy. Its president Datuk Abdul Halim Mansor said returns from...
Source: malaymail - 🏆 1. / 86 Read more »