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

Langkawi2 Langkawi2
News13 hours ago

Tun M Urges Langkawi Residents To Keep Island Clean After Footage Of Littered Rubbish Goes Viral

After the tourism sector was opened to the public for fully vaccinated individuals, people have been flooding beaches and other...

School2 School2
News16 hours ago

MOE: Unvaccinated Kids Not Barred From Attending School, Parents To Be Counselled Instead

The Covid-19 vaccination efforts have begun for teenagers aged 12-17, but not all parents are keen on getting their children...

Collage 35 Collage 35
News17 hours ago

Human Rights Group Urges Thailand Not To Deport Sajat Back To M’sia Following Her Arrest

With #LeaveSajatAlone trending across social media platforms over the past couple of days, many have extended their support to the...

Office Ft 2 1 Office Ft 2 1
News18 hours ago

Businesses Can Operate At 100% Staff Capacity If All Employees Are Fully Vaccinated

As announced by Prime Minister Ismail Sabri Yaakob, businesses can now operate at full staff capacity, with employees’ physical attendance...

My Post 2021 09 23T113138.341 My Post 2021 09 23T113138.341
News19 hours ago

PM: Negeri Sembilan, Pahang & Johor Will Transition Into Their Next Phase On 24 Sept

The authorities have agreed to move three states into the next phase of the National Recovery Plan (PPN). These states...

Bentley Bentley
News20 hours ago

Man In Melaka Burns His Bentley To Collect Insurance Money To Pay ‘Ah Long’ Debts

Two men in Melaka were arrested for burning a total of three cars in attempts to collect insurance money to...

Ismail Sabri Interstate Allowed When 90Pc Vaccinated 1 Ismail Sabri Interstate Allowed When 90Pc Vaccinated 1
News21 hours ago

PM: Interstate Travel Allowed When 90% Of Adult Population Is Fully Vaccinated

It has been more than eight months ever since interstate travel was prohibited and state borders were closed. Many people...

Restaurant 2 Ft Restaurant 2 Ft
News1 day ago

JUST IN: Restaurants, Convenience Stores & Petrol Stations Allowed To Open Till 12am Starting 23 Sept

In a press statement released today, 22 September, Prime minister Ismail Sabri Yaakob announced that restaurants grocery stores, mini markets,...

Announcement

Latest Videos



TRENDING TODAY