EPF breaks records with RM66.99bil in total investment income and declares a higher dividend of 5.5% for 2023! Find out more here.
The Employees Provident Fund (EPF) has had a stellar year in 2023, setting new records and benefiting its contributors. With a total investment income of RM66.99 billion, EPF has shown a remarkable 29% increase in its financial performance. Additionally, the declaration of a higher dividend rate of 5.5% for conventional savings and 5.4% for shariah accounts highlights the organization's commitment to rewarding its members.
EPF's success is further affirmed by the announcement of a 5.50% dividend rate for conventional savings, totaling an impressive RM50.33 billion payout. Domestic investments played a significant role in this achievement, contributing 47% of the total income. The strong performance of EPF's shariah portfolio, driven by the US tech rally, showcases the fund's strategic investment decisions.
EPF's CEO emphasized the importance of meeting basic savings goals and increasing voluntary contributions to secure financial stability. The organization anticipates maintaining the current contribution rates, emphasizing the need for sound financial planning.
In conclusion, EPF's remarkable performance in 2023 underscores its position as a reliable and forward-thinking financial institution. As Malaysia's demographic landscape evolves, EPF remains dedicated to ensuring the financial well-being of its members, with a steady path towards continued success.
SHAH ALAM: The Employees Provident Fund (EPF) recorded RM66.99bil in total investment income for the financial year ended Dec 31, 2023 – which is a 29% ...
KUALA LUMPUR: The Employees Provident Fund (EPF) has declared a dividend rate of 5.5% for conventional savings and 5.4% for shariah accounts for 2023, ...
The Employees Provident Fund (EPF) has announced a dividend rate of 5.50 percent for conventional savings, with a total payout of RM50.33 billion.
KUALA LUMPUR, March 3 — Domestic investments contributed RM31.71 billion or 47 per cent of the Employees Provident Fund's (EPF) total investment income of ...
KUALA LUMPUR: The Employees Provident Fund (EPF) today announced that it will pay 5.50 per cent dividend for its conventional savings and 5.40 per cent ...
SHAH ALAM (March 3): The performance in the Employees Provident Fund's (EPF) shariah portfolio was driven by the rally of US technology equities, ...
Ahmad Zulqarnain Onn says the best solution is to increase voluntary contributions, due to difficulties in raising statutory rates.
SHAH ALAM (March 3): The mandatory contribution rate for Employees Provident Fund (EPF) accounts is expected to remain unchanged with the introduction of ...
THE Employees Provident Fund (EPF) has announced an increased dividend rate of 5.50 per cent for conventional savings for the financial year ended Dec 31, ...
SHAH ALAM, March 3 — The median savings of Bumiputera members aged below 55 in the Employees Provident Fund (EPF) have increased to RM8,254 in the financial ...
KUALA LUMPUR: The Employeed Provident Fund (EPF) says its resilient investment approach and focus on long-term value creation should set the path for it to ...
The Employees Provident Fund (EPF) has announced a rise in dividend rates for both conventional and shariah savings accounts for the year 2023, ...
SHAH ALAM: Malaysia's demographic landscape is undergoing a significant transformation, with the proportion of elderly citizens expected to soar to 40 per ...
SHAH ALAM: The Employees Provident Fund (EPF) has declared a dividend rate of 5.5% for Conventional Savings for 2023, with the total payout amounting to ...
SHAH ALAM: The Employees Provident Fund (EPF) is not expecting any change in mandatory contribution rates once the flexible account, or Account 3, ...
SHAH ALAM: The ringgit is fundamentally undervalued but foreign exchange rates is not the only factor influencing decisions on buying and selling Employees ...
SHAH ALAM: The total number of Employees Provident Fund (EPF) members reached 16.07 million people as of December last year.
SHAH ALAM, March 3 — The Employees Provident Fund (EPF) will continue to focus on cash-generating assets under its Strategic Asset Allocation (SAA) plan and ...
KUALA LUMPUR (March 3): The Employees Provident Fund's (EPF) foreign investments was the main driver behind the pension fund's higher dividend rates for ...
Muhammed Abdul Khalid and Geoffrey Williams say the higher dividends for 2023 should satisfy most members as they are better than FD interest rates and ASB ...
KUALA LUMPUR: The Employees Provident Fund (EPF) is poised to achieve comparable returns for 2024, provided it maintains its optimal strategy without ...
[KUALA LUMPUR] Malaysia's Employees Provident Fund (EPF) announced its highest dividend payout of RM57.8 billion (S$16.4 billion) for 2023, comprising a 5.5 ...
PETALING JAYA: The Employees Provident Fund (EPF) Board has declared a dividend rate of 5.50% for Simpanan Konvensional, with a total payout of RM50.33bil ...
KUALA LUMPUR, March 3 — The Employees Provident Fund (EPF) is poised to achieve comparable returns for 2024, provided it maintains its optimal strategy ...
SHAH ALAM: The Employees Provident Fund (EPF) will continue to focus on cash-generating assets under its Strategic Asset Allocation (SAA) plan and will not ...
THE Employees Provident Fund (EPF) announced today a dividend of 5.50 per cent for Simpanan Konvensional, with a total payout of RM50.33 billion and 5.40 ...
He said the retirement fund is going to continue to invest in relevant asset classes that are consistent with its prudent investment strategy. “The simple ...
Provident fund chief Ahmad Zulqarnain Onn says most of the workforce not protected by the fund were those in the informal sector, including freelancers and ...
PETALING JAYA: Fixed income instruments, predominantly Malaysian government securities, continued to be the anchor for the Employees Provident Fund (EPF) ...
KUALA LUMPUR: The Employees Provident Fund (EPF) chief executive officer Ahmad Zulqarnain Onn has hinted at potential support for the weak ringgit through ...
SHAH ALAM: The Employees' Provident Fund (EPF) has reported higher dividend for 2023, declaring 5.5% for Conventional savings and 5.4% for Syariah savings.
KUALA LUMPUR: The 2023 Employees' Provident Fund (EPF) dividend that remains strong gives confidence to employees about the performance of their investment ...
KUALA LUMPUR: Machang member of Parliament Wan Ahmad Fayhsal Wan Ahmad Kamal claimed that Khazanah Nasional Bhd (Khazanah) and the Employees Provident Fund ...
KHAZANAH Nasional Bhd, the Employees Provident Fund (EPF) and New York-headquartered private equity (PE) firm Global Infrastructure Partners (GIP) are ...