‘Positive forecast for EPF dividend encouraging’ Bernama
PETALING JAYA: The Employees Provident Fund (EPF) dividend payout, expected to be between 5% and 6% for 2020, is reassuring as the country’s economy had shrunk by 5.6% that year, according to economists.
Sunway University Business School Professor of Economics Dr Yeah Kim Leng said EPF’s investment performance remained intact despite the Covid-19 pandemic due to the faster-than-expected recovery in local and overseas financial markets.
“In the first three quarters of the year, EPF’s net investment income amounted to RM37.83 million, on track to a dividend payout close to 5.45% paid in 2019,” Yeah said yesterday.
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