Monday, February 15, 2016

MALAYSIA:::MTUC: EPF dividend expected to be announced on Feb 20

Will Employees Provident Fund declare its dividend for its more than four million active contributors on Feb 20?
This is the date many are forecasting, especially with the Malaysian Trades Union Congress (MTUC) having a meeting with EPF on Feb 19.

When theSun contacted MTUC’s secretary-general N. Gopal Krishnam, he said they too are hoping the announcement will be made a day after their meeting.
Its learnt the meeting between MTUC and EPF is also on the issue of dividend.
Gopal Krishnam is hoping the dividend will be the same as that in 2014 or higher as this will definitely help the workers at a time when the cost of living has gone up and many families are struggling to make ends meet every month.
"EPF has invested wisely abroad and we believe the returns too are good," he said, adding that the weakening of the ringgit is another boost to good returns from foreign investments.
The EPF had declared a higher dividend of 6.75% for 2014 as opposed to the 6.35% that was announced in 2013.
MTUC deputy secretary-general, A. Balasubramaniam, said the majority of the 10 million private sector workers are very much looking forward to having a good windfall as this will boost their savings.
On Feb 4, EPF’s Deputy Chief Executive Offficer (Investment) Datuk Mohamad Nasir Ab. Latif reportedly said that a “respectable dividend” will be announced after the Chinese New Year festivities.
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