Tag Archives: Employees Provident Fund

June 02

EPF 1Q income falls 25% on equity rout

Employees Provident Fund’s (EPF) total income fell 25% year-on-year (YoY) for the first quarter ended March 31 this year (1Q19) on the continued rout of domestic equities and challenging external picture, reports The Malaysian Reserve. Malaysia’s largest pension fund recorded RM9.66 billion in income for the quarter, significantly lower than the RM12.88 billion managed in […]

March 05

EPF should take Sarawak Report to court: Razlan

The Employees Provident Fund (EPF) should take legal action against Sarawak Report for its alleged slanderous remarks against the federal statutory body. Federal Territories Umno Youth chief Datuk Razlan Muhammad Rafii such accusations by the pro-opposition portal had tarnished EPF’s reputation and image. On Feb 28, EPF in a statement refuted a Sarawak Report’s claim […]

December 26

Procrastination behind low number of EPF contributors who register nominees

SOME Malaysians just love to procrastinate and settle things at the very last minute. This attitude is seen every year when the deadline to submit income tax returns to the Inland Revenue Board approaches. Last year, many people who were required to change their ATM cards to debit cards chose to do so at the […]

November 11

EPF confirms woman’s account secure after share scare

“EPF’s investigation found Tan’s EPF savings secured and updated to the latest contribution month and the nominations made in 2012 are still valid and in effect,” according to an EPF statement yesterday. An allegation that a Malay man from Kelantan had been registered as Tan’s EPF savings nominee is not true,” said EPF. The statement […]

February 19

EPF declares 5.7% dividend for 2016, total payout RM37.08bil

The Employees Provident Fund (EPF) has declared a 5.7 per cent dividend for 2016, with a total payout of RM37.08bil. Chairman Tan Sri Samsudin Osman said the EPF is pleased it has been able to consistently exceed its two strategic investment targets of at least 2.5 per cent nominal dividend on a yearly basis and […]

October 22

Budget 2017: EPF Introduces Facility for Members for PR1MA New End-Financing Scheme

Following the Budget 2017 announcement by Y.A.B. Prime Minister Datuk Seri Najib Razak on the PR1MA New End-Financing Scheme initiative, the Employees Provident Fund (EPF) confirms that a facility will be introduced for members who meet PR1MA’s eligibility criteria and are making EPF housing withdrawal for the first time.    Members must be aware that […]

May 26

EPF appoints MRCB as Kwasa Damansara project delivery partner

The Employees Provident Fund’s (EPF) wholly-owned unit Kwasa Land Sdn Bhd appointed Malaysian Resources Corp Bhd (MRCB) as project delivery partner (PDP) to develop the Kwasa Damansara township’s main infrastructure. Kwasa Damansara is a future township within 932ha (2,330 acres) in Sungai Buloh, Selangor. The Rubber Research Institute Malaysia was formerly located there. In a […]