PETALING JAYA: Given the devastating effect the Covid-19 pandemic has had on the economy, economists and Malaysians have welcomed the Employees Provident Fund’s dividend payout for 2020. EPF had declared dividends of 5.20% for Conventional Savings and 4.9% for Syariah Savings for 2020, with a total dividend payout of RM47.64bil.
Sunway University Business School economics professor Dr Yeah Kim Leng said given the downturn of the economy in 2019, the financial performance of companies or funds typically would be affected.
However, Yeah said contrary to expectations, EPF managed to sustain its performance close to its 2019 levels, adding that its performance in 2019 should not be compared to its performance in 2020 due to the economic recession that the Malaysian economy had encountered.
Published on: Sunday, February 28, 2021
By: Liew Jia Teng
Text Size:
Singapore: Never looked back since exiting Malaysia over differences in 1965.
FEW would disagree that most multinational corporations invariably favour Singapore over Malaysia when it comes to setting up their regional base or corporate headquarters.
In recent years, other Asean countries – Vietnam, Indonesia and the Philippines, in particular – have also leapfrogged Malaysia as the preferred destination.
Facebook, Google, Amazon, Tencent Holdings, BT Group, BMW, Grab Holdings, Uber Technologies, Allianz, Vodafone Group, Bombardier, Akzo Nobel and CMA CGM are just some of the companies that have made Singapore their Asia-Pacific operational hub.
KUALA LUMPUR, Feb 26 The handsome growth momentum of Malaysia’s trade in January 2021 will likely continue for the remaining months of the year, riding on a consistent economic recovery following the global Covid-19 vaccination rollout, economists said. Bank Islam Malaysia Bhd chief economist.
FGV’s business transformation process expected to remain on track 18 Feb 2021 / 09:30 H.
PETALING JAYA: Felda’s proposal to privatise FGV Holdings Bhd is not likely to disrupt the latter’s business transformation plan, according to analysts.
“It is in the best interest of Felda, for FGV to reach greater heights with their business transformation plan which has been doing well so far,” said an analyst who declined to be named.
The analyst pointed out that FGV has been making inroads into the value-added downstream sector as well as related sectors, such as integrated farming.
Should Felda feel compelled to downsize FGV operations, the analyst said, there are many loss-making divisions within the group that could be axed instead.