MTUC president Datuk Abdul Halim Mansor said the congress took note of EPF’s announcement of 5.48 per cent dividend for 2019, a rate which is lower than the 6.15 per cent given out for 2018.
Halim said EPF’s lower dividend was on the back of poor domestic front which saw KLCI drop by about 6 per cent the whole of last year, making the nation’s stock market among the worst performers in the region. “All these developments impacted EPF’s investments which resulted in lower dividends for 2019,” he said.
“Returns from investments abroad have been very positive for EPF, enabling it to announce satisfactory dividends for 2019 despite the daunting economic environment.
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