fbpx
Connect with us

News

EPF Announced Lowest Dividends Since 2008, Netizens Are Not Happy

Published

Epf Announced Lowest Dividends Since 2009 At 5.45% For Conventional Savings, 5% For Syariah - World Of Buzz 2
Source: The Star

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Kumpulan Wang Simpanan Pekerja (KWSP) or the Employers Provident Fund (EPF) have announced dividends of 5.45% for conventional savings and 5% for Syariah saving in 2019.

Leaving Malaysians divided, the 2019 dividend is currently the lowest for EPF since 2009.

The announcement is currently the lowest dividend distribution since 2009, onto which, according to Malaysia Reserve was down to the poor performance of the local stock market.

“The benchmark FTSE Bursa Malaysia KLCI dropped more than 6% last year, making it among the worst among modern markets as foreign funds dumped stocks worth more than RM10 billion.”

Commenting on the announcement, one netizen voiced his disappointment at the management of national resources.

Epf Announced Lowest Dividends Since 2009 At 5.45% For Conventional Savings, 5% For Syariah - World Of Buzz 1

Source: facebook

“Really disappointed with our national resource management. It shows that we are financially interdependent on global trade and investment.”

To help ease the anxiety that comes with a low dividend announcement, Lau Zheng Zhou, a Research Manager with the Institute of Democracy and Economic Affairs said that the dividend distribution is healthy, considering the challenges faced last year.

Source

“Given (its) exposure to Malaysian assets, the return is likely to be aligned with the local stock market performance, (maybe) slightly better but not too much.”

“The EPF is obviously accountable to depositors at the end of the day, but this doesn’t mean it has to announce high dividends just to satisfy the people as that would be quite irresponsible.”

The payout will amount to RM41.69bil and RM4.14bil respectively.

Also read: Poor Mental Health & Stress Costs Malaysia’s Economy RM14.46 BILLION Per Year

Epf Announced Lowest Dividends Since 2009 At 5.45% For Conventional Savings, 5% For Syariah Leaves Netizens Divided - World Of Buzz

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Feat Image Killing Feat Image Killing
News15 hours ago

The Inconsistent Law Allowing Local Councils in M’sia to Kill Stray Dogs by Shooting Them With Firearms

The killing of a stray dog, affectionately known as ‘Kopi’, in Besut, Terengganu, sparked outrage nationwide last month as the...

Collage 12 2 Collage 12 2
News16 hours ago

64yo Woman Turns Her Home into a Literal Prison With Iron Bars to Keep Drug-Addicted Son at Home

A 64-year-old woman from Thailand has come up with desperate measures in an attempt to help her 42-year-old son overcome...

My Post 1 2024 11 13T162127.643 My Post 1 2024 11 13T162127.643
News17 hours ago

21yo Woman Dies in Freak Accident After Container Overturns & Crushes Her Car at Penang Traffic Light

A young woman lost her life while a man was injured after the vehicles they were in were hit and...

My Post 1 2024 11 13T151827.903 My Post 1 2024 11 13T151827.903
News17 hours ago

Defence Minister: Year 1 UPNM Students Will Be Separated from Seniors to Prevent Bullying

Recently, the National Defence University (UPNM) has been riddled with controversy surrounding several bullying and abuse cases among their cadets,...

Collage 10 1 Collage 10 1
News20 hours ago

M’sian Courier Company Issues Apology After Viral Video Shows Van Driver Running Over Dog in Banting

A recent video circulating online shows a GD Express (GDEX) delivery driver making a routine delivery in a housing area...

Collage 9 1 Collage 9 1
News22 hours ago

34yo M’sian Found Dead After Allegedly Falling into a Water Container in His Home Bathroom

In recent news, a man was found dead after he was believed to have fallen into a water container in...

My Post 1 2024 11 13T105621.505 My Post 1 2024 11 13T105621.505
News22 hours ago

“They’ve amassed RM4.3mil” – Robbers Behind 44 Safe-Breaking Cases Shot Dead By PDRM at Jalan Imbi 

A group of Vietnamese nationals were shot dead at Jalan Imbi, Kuala Lumpur, at 11:30pm last night (November 12) during...

Feat Image Lhdn Evasion Feat Image Lhdn Evasion
News2 days ago

Here’s How M’sians Can Anonymously Report Someone Who’s Evading Taxes to LHDN

Previously, we shared how Malaysian entrepreneur and influencer Cik Epal claimed that her ex-husband, Jofliam, who owns a pizza business,...

Announcement

Latest Videos



TRENDING TODAY