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MTUC says EPF dividend rate fair in view of economic challenges

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PETALING 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.

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

"All these developments impacted EPF's investments which resulted in lower dividends for 2019. MTUC is confident EPF will take appropriate measures to see if its investment policies can be strengthened to tackle the economic headwinds ahead to ensure better returns from 2020 onwards," he said in a statement on Saturday .

"In this context, MTUC is confident that the EPF will scrutinise and if needed, make improvements to its internal processes and procedures to approve investments locally and abroad to maximise returns for better dividends," he said.

 

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