Tuesday, January 22, 2008
posted by PabloPabla at 5:52 pm

The trade union leaders were hoping for closer to a 6% Employees Provident Fund (EPF) dividend as the economy and the fund’s investments have done well last year. They were also hoping that the Government will approve this figure because this is an election year. It was just 5.15% for the year 2006.

Last November, EPF chief executive officer Datuk Azlan Zainol said: “Our performance this year has been good. Our internal target is to give members 5.25% to 5.5% in dividend this year (2007).” Azlan had said that the EPF could afford to declare a higher dividend because it had done well in its investments. (source)

Well, it has just been announced that the EPF dividend for the year 2007 will be 5.8%. Am I happy? Not at all. It could have been much better. Are you? Oh, by the way, the KLCI dropped by another 54.12 points today ending at 1354.48. I am not affected as I don't buy any shares on the market. How are you faring and will it have a bearing on how you will be voting this coming General Elections? ;)



At 6:53 pm, Blogger Adino

5.8% is not very good, considering it being an election year.

As for share prices dropping, real investors don't care if the index rises or falls. Its the company fundamentals that matter most. At least, that's how it's supposed to work.

Have a happy Thaipusam holidays Pablo!