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EPF had higher gross investment income last year

Malaysia EPF

Syndicated News
Written by Syndicated News

KUALA LUMPUR — April 20, 2017: The Employees Provident Fund ended 2016 with RM46.56 billion in gross investment income,  up from RM44.23 billion in the previous year despite low global growth and lackluster corporate earnings.

Chief Executive Officer Datuk Shahril Ridza Ridzuan said the slump in crude oil prices, weak domestic currency, lackluster corporate earnings and large-scale withdrawal of capital from emerging market economies to developed economies and safe-haven currencies also impacted the fund.

EPF  announced a dividend of 5.70 per cent for 2016 versus 6.40 per cent for 2015.

The fund, which released its annual report 2016 today, recorded a 2.68 per cent rise in annual contributions to RM61.59 billion against total annual amount withdrawn of RM46.80 billion.

The report tabled in Parliament on April 5 reveals a 6.81 per cent increase in total investment assets to RM731.11 billion from RM684.53 billion in 2015. — Bernama

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