It's bad news for Employees Provident Fund (EPF) contributors, the dividend for 2008 is expected to be as low as 4.5%.The time has come for the contributors to demand an explanation for the low dividend rate since the EPF is cash rich, unless the EPF Board had mismanaged the funds.
news n picture courtesy of Malaysiakini
1 comment:
Mr. CEO,
What happen to the investment team of EPF? The investment objective is to seek a secure and capital appreciation. The fund will be invested primarily in Malysian Government Securities (MGS), Bonds/Loans, Share Markets and in cash, money market instruments and/or treasury bills.
EPF also have to maintain a high level of liquidity of their investments with a medium tolerance for risk and volatility.
But, is 4.5% dividend rate is reasonable? For previous year when EPF has made 'good' performance, you made a statement that it was becoz of good management. Now, what is your reason? Can you blame the economic scenario? Equity market?
Please Mr. CEO. Please explain to us, the EPF members.
TQ.
Aris
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