Tired of the recent political hoo-haa that seems to be a never ending soap-opera ?
OK.. let's us take a look of something that will cheer up your afternoon..
** I hope so , becos the inflation rate is shooting high that this dividend rate wont be able to cover it !!!
KUALA LUMPUR, July 17 — The Employees Provident Fund posted a 29.9 per cent increase in gross investments last year despite the country's economy being impacted by the US sub-prime crisis.
The RM17.23 billion earned from investments in 2007 has enabled the Fund to declare a 5.8 per cent dividend for the year compared to 5.15 per cent in 2006.
The increase in income is the highest in its history while the dividend is the biggest declared over the past five years, the EPF said in a statement.
The Fund also said it increased total investments in 2007 by 9.5 per cent to RM313.01 billion from RM285.92 billion in 2006.
In 2007, it maintained a 78 per cent investment in fixed income but in low-risk instruments such as Malaysian government securities, money market instruments, bonds and savings with some in equities and property.
For this year, it said some changes would be introduced to further strengthen the Fund's commitment in providing for contributors' retirement savings. The EPF's annual report was tabled in Parliament yesterday. — Bernama
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