Monday, March 16, 2009

Lower EPF dividend for 2008

The Employees Provident Fund (EPF) Board today, with the approval of the Minister of Finance, has declared a dividend rate of 4.50 per cent for 2008. 2007 dividend was 5.8 percent. The lower dividend rate compared to that of 2007 is due to the increase in investment provisioning resulting from the sharp decline in global equity prices brought about by the worldwide financial crisis.

Despite the financial meltdown, the EPF recorded the highest ever earnings of RM20 billion in gross income for 2008. This represented an increase of 9.36 per cent over the previous year’s gross income of RM18.29 billion.

Dividends will be credited to members’ accounts on 23 March 2009.

For details, please read here.

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