Author Topic: EPF  (Read 11994 times)

Online king

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Re: EPF
« Reply #50 on: November 02, 2016, 07:54:17 PM »



Tuesday, 1 November 2016
EPF targets 10% minimum internal rate of return






 The pension fund’s chief executive officer Datuk Shahril Ridza Ridzuan(pic) said the EPF was always on the lookout for new assets to acquire, including infrastructure assets.
The pension fund’s chief executive officer Datuk Shahril Ridza Ridzuan(pic) said the EPF was always on the lookout for new assets to acquire, including infrastructure assets.
 
KUALA LUMPUR: The Employees Provident Fund (EPF) is targeting a minimum internal rate of return (IRR) of at least 10% for its investment in infrastructure assets such as toll highways, power plants and ports.

The pension fund’s chief executive officer Datuk Shahril Ridza Ridzuan said the EPF was always on the lookout for new assets to acquire, including infrastructure assets.

“If you look at the types of assets that we have been investing in, they would typically have an IRR range of between 10% and 13%, depending on the risk profile of the assets, the tenure of the concessions and the security of cashflows

“For instance, a power plant asset which has secured power purchase agreements would be in the lower range, while something that has a bit more revenue volatility would be in the higher range,” he said.

Shahril was speaking to reporters after the launch of the EPF e-Caruman Contribution Payment Transformation Programme initiative.

He said the EPF remained confident of achieving its targeted returns despite the prevailing challenges in the local and global markets.

“In the current economic climate globally and domestically, members should expect that all funds would have a more difficult year,” he said.

Compared to the past, EPF investments for direct ownership in infrastructure assets come amid low returns in the stock market and a low-yield interest rate environment due to the expected prolonged slowdown in economic growth globally.

In September, Shahril was quoted as saying that the EPF planned to invest more in private equity, property and infrastructure assets so that they account for 10% of its total assets compared to 6% presently, Bloomberg reported.

The EPF currently has almost RM700bil in funds under management mainly invested in equities and fixed-income instruments.

The fund reported a 26% drop in investment income to RM8.44bil during the second quarter ended June 30, 2016, owing to weaker equity prices.

It had previously acknowledged that maintaining returns from its fixed-income investments would be a major challenge due to the low interest rate environment

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Re: EPF
« Reply #51 on: November 03, 2016, 08:42:13 PM »



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国內  2016年11月03日
公积金局增设「乐龄户头」 55至60岁会员工作强制存款

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公积金局增设「乐龄户头」 55至60岁会员工作强制存款

(吉隆坡3日讯)僱员公积金局宣佈,明年1月1日起推出乐龄人士户头予55岁以后还在职场上工作的人士。

公积金局首席执行员拿督沙里尔指出,就算推出乐龄人士户头,现有年届55岁的会员可领取公积金存款的政策仍然生效。

他透露,推出乐龄人士户头是改善公积金局政策中的其中一项倡议,即55岁以上仍在职人士的公积金存款將会自动存入该乐龄人士户头中。

沙里尔今日针对僱员公积金局召开媒体匯报会时说,55岁后继续工作者將拥有2个户头,即55户头(Account 55)及乐龄人士户头,並且在会员满60岁以后,这两个户头会结合在一起,让会员提款。


他强调,乐龄户头的存款只有在会员达到60岁时方可取出,目的是为了確保乐龄人士拥有足够的退休存款。

他指出,此措施只在明年1月1日生效;换言之,若会员目前已58岁,其公积金存款在12月31以前仍是存入55户头,只有在2017年1月1日以后才会存入乐龄人士户头。

他补充,公积金局成员到了55岁以后仍可以选择提出存在公积金局所有存款或继续存在户头中,不过55岁以后工作所获得的公积金將会直接存入乐龄人士户头中,而不是原有的55户头。

他解释道,55户头及乐龄人士户头都存有钱的成员,每年都可在两个户头中获得分红。

值得一提的是,他指出,若会员超过60岁了以后还在工作可继续將公积金存入该乐龄户头中直到100岁都仍可以获取分红;而先前只规定到75岁后便不派息。

他表示,国会在2015年12月通过修改《1991年公积金局法令》,改善了7项公积金政策以便会员在退休后仍可获得更多財务保障。

他透露,僱员公积金局目前拥有逾1400万名会员,其中年龄介於55岁至60岁的活跃会员共有25万5900名,並且截至9月30日为止,这些人士的存款共高达316亿令吉

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Re: EPF
« Reply #52 on: November 04, 2016, 07:03:24 AM »



EPF: Higher withdrawals could fuel housing bubble risk
Posted on 4 November 2016 - 05:40am
Lee Weng Khuen
sunbiz@thesundaily.com
Print
KUALA LUMPUR: The Employees Provident Fund (EPF) yesterday cautioned that higher withdrawals from the pension fund could create a housing bubble risk.

“While it is okay to open up a bit (withdrawal) to allow first house purchase, if you open it up too much, it will fuel the housing bubble where you encourage people to buy assets that they may not be able to afford,” the fund’s CEO, Datuk Shahril Ridza Ridzuan, said.

Hence, he said, the newly proposed end-financing scheme will only be available for 1Malaysia People’s Housing (PR1MA) homes, which are priced below RM300,000 each. It is strictly for first-time house buyers only.

“We’re in the midst of finalising the scheme, “ he said, noting that it will be implemented on Jan 1, 2017.

Under the scheme, Shahril said, the banks will lend more money judging from the future income that will be going into borrowers’ EPF Account 2.

“Those who intend to come for this scheme in 2017 must make sure they are aware that they are trading off long-term ability to draw down Account 2 for short-term ability to buy a house.”

For example, an applicant with a monthly income of RM3,000 will be eligible for a loan of only about RM187,000. However, through the special scheme, the applicant will be able to borrow more than RM295,000.

Upon choosing the facility, all other pre-retirement withdrawals under Account 2, namely medical, education, Age 50 and Hajj withdrawals, will no longer available until the PR1MA loan is fully settled.

Commenting on the possibility of higher interest rates charged for the end-financing scheme, Shahril said it will depend on the banks.
“There are four banks (Maybank, CIMB, RHB and AmBank) working on the scheme. Basically it’s up to the banks to make the offer. Again, it will be based on their credit assessment. If you have a strong credit, then you should get a better rate,” Shahril said.

In the event of a loan default, he opined that the Account 2 money will be utilised eventually even though it cannot be used until the loan is settled. “The bank has to foreclose on the house first. For Account 2, when we say ring fence, it’s not a charge on Account 2 to force the members to take out their money. (But) the member will definitely use the money to avoid bankruptcy.”

Shahril said there is no plan at the moment to extend the end-financing scheme to other affordable housing schemes, such as Rumah Selangorku. “PR1MA is a nationwide housing scheme. So I think it is sufficient to cater to the market,” he added.

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Re: EPF
« Reply #53 on: November 19, 2016, 06:41:12 AM »



龙门阵  2016年11月18日 | 作者:朱冠华 | 专栏:喝茶论势
延后退休是因没钱退休

公积金局曾经鑑于私人界推行退休年龄延至60岁的措施,所以也计划调高人民提取公积金的年龄从55岁至60岁,但引发民间反弹而不得实施。大马预计2023年60岁人口將佔总国民的15%,成为老人国。2050年將增加至21%。所以处理老人的退休生活將是我国未来要面对的一大问题。

为了应付,公积金局发佈新政策,就是在明年1月1日起推出一个乐龄人士户头,对象是针对55岁以后还在职场上工作的人士。按照这计划,年届55岁的会员虽然仍可选择一次性全额提取,或部分,或按月领取本身55户头的公积金存款。

但是56-60岁的工作人士,工作所获得的公积金將会直接存入乐龄人士户头中,而不是原有的55户头,期间5年內不可提取存款。若要一次性全额或部分或按月提出,就必须60岁才可以。如果会员60岁后不提出存款,公积金会继续派息至到100岁。

政府施行这政策的原因,是因为大马人民平均寿命已经增至75岁,而且有62%的会员在退休时达不到22万8000令吉的最低存款额。存款不足下,会员往往难以应付退休后的生活所需。政府希望可以通过延后会员提取公积金的手法,来达到会员拥有最低存款的目的,如此会员退休后的20年,平均每月可获得950令吉的退休金。


人民薪资过低

实际上,这个就是之前建议的將退休年龄延长60岁才可领取公积金存款的政策,不过多了一些弹性和包装。人民可以接受退休年龄延长到60岁,但是却不喜欢自己的公积金存款要延长到60岁才可提取的政策,政府这个新政策无疑可以兼顾两面的需求。

虽然通过延长退休和领取公积金存款的立意是要让会员可以储蓄更多钱,使他们可以在退休生活上有一定保障。但实际上这个政策並不会有效果。因为根据公积金局的数据宣示,存款低于5万的有67.9%,能达到最低存款额的只有不到10%。之所以会有高达62%的会员不能达到22万8000令吉的最低存款额,根本原因是人民薪资太低,所以即使多工作5年,绝大部分的会员也无法达到最低存款额的標准。

人民退休金的管理问题,也是全球面对的问题,尤其是人口老化的国家,都会面临退休金无法支付日后生活。人口老化严重的欧美日等国家,尤其严重。面对退休金的敞口,这些国家政府几乎都採取延长退休年龄以达到延后支付退休金的目的。现在世界各国之所以会面对这严重问题,究其实是因为长期实行掠夺储蓄的通账政策所导致,以及退休金制度的设计庞氏化。但是延后退休年龄不能解决问题,最后必然还是会因为退休金体制的崩溃而引爆社会动盪的。

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Re: EPF
« Reply #54 on: November 22, 2016, 06:30:38 AM »



财经  2016年11月21日
归功海外回酬佳 EPF第3季投资收益涨29%

归功海外回酬佳 EPF第3季投资收益涨29%
较低的比较基数,使得僱员公积金局第3季投资表现按年大幅改善。

(吉隆坡21日讯)僱员公积金局(EPF)在2016年第3季(截至9月30日止)的投资收益按年飆升29.21%,至123亿2000万令吉,相比去年同期的95亿4000万令吉。

资產投资则从6845亿2000万令吉(截至2015年12月31日止),增加4.09%或279亿8000万令吉,至7125亿令吉。

僱员公积金局首席执行员拿督沙里尔在文告表示,较低的比较基数,是该局第3季投资表现按年大幅改善的原因。

「我们的海外投资持续提高本季度的回酬表现,而非现金减值也比去年显著减少。」


非现金减值下降

2016年第3季,非现金减值从去年同期的10亿2000万令吉,显著下降至3亿4959万令吉。

文告指出,股票佔投资资產总值的41.24%,贡献70亿2000万令吉,相等于总投资收益的56.96%。同时,这相比2015年同期的47亿1000万令吉,高出49.02%。

沙里尔指出,第3季高收益归功于股价走高,尤其是北亚和先进市场,为僱员公积金局提供取得高交易收益的机会。

截至2016年9月杪,僱员公积金局资產投资的49.76%是在固定收益。第3季度的固定收益投资,带来45亿2000万令吉的回酬,相等于季度投资收益的36.65%。

海外投资成本增加

大马政府公债(MGS)收益从去年同期的18亿2000万令吉,增加7.21%,至19亿5000万令吉,而贷款和债券投资收益达25亿6000万令吉,相比2015年第3季的25亿4000万令吉。

展望未来,沙里尔指出,由於面对更高的匯率,料將导致僱员公积金局的海外投资成本增加。

「但低利率环境也將持续减少固定收益投资的回酬,这是因为隨著高收益债券届满之后,有关的资金將会被投资在利率较低的债券项目。」

他补充,鉴於上半年投资收益下滑,並预期今年下半年市场仍充斥著许多不確定因素,因此僱员公积金要保持前几年般的回酬,具有一定的挑战性。

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Re: EPF
« Reply #55 on: November 27, 2016, 08:22:14 AM »



 292 5 0 297
Employers urge govt to reduce EPF burden
FMT Reporters | November 25, 2016
Malaysian Employers Federation boss Shamsuddin Bardan says reducing employers contribution by 1% or 2%, even temporarily, would help companies avoid more drastic measures.
DATUK_SHAMSUDDIN_BARDANepfPETALING JAYA: Malaysian employers are calling for the government to reduce their burden by lowering the employers’ contribution to the Employees Provident Fund (EPF), The Edge Financial Daily reported today.
The Malaysian Employers Federation (MEF) said such a move would go a long way in helping companies prepare for tough times ahead, with the global and local economic outlook being gloomy.
“In hard times, the government has to consider some direct costs incurred by employers,” MEF executive director Shamsuddin Bardan was quoted as saying by the business paper.
Shamsuddin was referring to the employers’ allocation of 13% of the employee’s salary paid to the EPF for the benefit of their employees. This is paid over and above the salary to the employee.
Employees also make a contribution, paying a minimum of 8% of their salary to their EPF account. That amount is deducted directly from their monthly salary by the employer and submitted to the EPF.
In making the call, Shamsuddin also suggested that a reduction by 1% or 2% would help towards lowering the need to carry out layoffs over the next six months.

“The government may want to consider reducing the contribution rate to EPF by 1% or 2% for the time being. I am not saying this should be forever, but to retain employment, it is critical that employers are given assistance now,” he told The Edge.
Shamsuddin also asked Putrajaya to look into the contribution by employers to the Human Resource Development Fund (HRDF), stating that reducing it by half would help employers in these challenging times. All employers currently pay 1% of their total wage bill to the HRDF.
Another suggestion by Shamsuddin that may find favour with companies in Malaysia was to emulate the policy in Singapore, where employers are given incentives if they hire unemployed graduates and do not carry out any layoffs throughout the year.
“Such incentives are critical and will prepare employers for the economy to recover, as they are in a good position to reap benefits instead of undergoing the employment process again,” he was quoted as saying.
According to The Edge, the Singapore government had reportedly launched a Career Support Programme as a move to encourage employers to hire eligible job seekers for positions that pay at least S$4,000 (RM12,500) as a means to give such employees on-the-job training. The Singapore government will contribute 10%-40% of the salary, subject to specified caps.
Shamsuddin also revealed that 31,476 Malaysians were retrenched from January to September this year and he expects more layoffs by the end of the year end. He added that the number of layoffs for last year came to 44,000.
“In June, the total was around half of the 31,476. More and more employers are forced to retrench their workers due to the volatile market and the depreciating currency,” The Edge quoted him as saying.
He expected more retrenchments to come from the services, manufacturing, and oil and gas (O&G) sectors

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Re: EPF
« Reply #56 on: November 30, 2016, 09:11:13 PM »



Wednesday, 30 November 2016 | MYT 3:45 PM
EPF nomination probe reveals no details provided






 
 
KUALA LUMPUR: The Employees Provident Fund (EPF), which launched an immediate probe into the claim of a member over the missing nomination details of his wife, said there were no details of the nominee.

The country's largest retirement fund said on Wednesday both the EPF Kepong branch and the Registration and Support Department at the EPF headquarters found no details of the nominee as mentioned by the member in his Facebook posting. 

The process of nominating a beneficiary will require members to submit physical documents namely the completed Nomination Form (KWSP 4) and member’s MyKad/Identification. 

“All these details will be scanned and keyed in immediately into the system and the hard copies will be kept in our archives. 
“In this case, the beneficiary’s name was not in the system and upon further checking, we also found no physical documents bearing the name of the member’s wife as the member allegedly said was made last year,” it said.

The EPF also said the form that was shown in the member's Facebook posting was a new nomination application as it was dated Nov 29, 2016.

“We have resolved the matter after contacting the member, who has since withdrawn the claim and removed his Facebook post,” it said.
Earlier, Facebook user Anderson Joseph Yu posted a message on his Facebook account claiming that EPF was deleting its members' nominees names.

In response to EPF statement, Yu told The Star Online that he stands firm by his claims although he has removed his Facebook post.

The EPF statement that it was against its integrity and corporate governance to deliberately delete, amend or alter members’ nomination details for any reason as “we respect our members’ data privacy”. 

The EPF emphasised that it has no benefit in withholding members’ savings upon their passing and accounts that have yet to name any beneficiary(ies) will be considered as “No Nomination”.

"Savings will still be kept under the deceased member’s name until his/her next-of-kin stake their claim upon the savings through the current Death Withdrawal and 'No Nomination' process and procedures," it said

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Re: EPF
« Reply #57 on: December 04, 2016, 08:38:36 AM »



EPF流言?你想太多了!/陈天文
405点看 2016年12月3日

焦点课题●陈天文
最近几天,手机的聊天群组屡屡收到友人们热心转发一个公积金录音分享,录音叮嘱说55岁至60岁的公积金会员,最好把公积金款项在今年内提领出来,要不然存款将捆绑保留至60岁时才被允许提领。

民众可以登录公积金官方网站,在首页里,不确实资料栏目,点击查询公积金的通告。


负面传言轻易广传

还有一个传发了数年的公积金信息,说一些人的提名受益人在公积金档案消失了,牵涉一两个阴谋论。这点,公积金网站早在2012年已经解释,他们除了输入电脑,扫描存档外,还保留纸张文档,在批准发放款项前,必须查核原版提名表格,确保正确无误。

在1MDB 事件闹大后,现今的民众对于政府及有关联机构有更多的不信任感,负面传言轻易可以广传。除了以上这个信息,近日疯传的还有的是明年1月1日起将会调涨880cc以上轿车路税,对此,陆路交通局已火速公开澄清否认。

说回55岁公积金提领,根据澄清,55岁以下完全不受影响,也与黄金户头(AKAUN EMAS)扯不上关系。

至于感到忧心的55岁至60岁公积金会员,请留意以下事项:

*在1/1/2017,户头1及2 将合并并转移至 户头55 (AKAUN 55),多种提款选择维持不变,在今后任何时候都可全额提款。

*2017年开始,所有新的存款将纳入黄金户头,款额必须保留至60岁才可提领。

*会员60岁时,两个户头,黄金户头及户头55,提领方式与现有的方式一样,是多元化。

4个届满提款方式

在这,让大家多认识,两种户头届满的各种提款方式:

1.全额提款

2.局部提款

3.每月自动转账入银行户头

4.2与3 同时进行5—只提领派息(可以安排自动转账入银行户头)

老实说,身为理财师,我个人是非常赞同公积金局的新措施。要不推出黄金户头,我可以想象一种情况,在55岁可以一直工作,一直由雇主加雇员存款,又陆续提领的情况,在雇员在60岁被强制退休那天,去打印一张公积金结单时,发现公积金存款是0 。我不懂到时,那个会员的心理感觉是如何。没工作,没收入,没钱,如何是好 ?

公积金数字统计,一半的会员,在55岁退休后,耗尽公积金存款。如果没黄金户头措施,照常理计算,真的可能有多达30% 会员在60岁时面对公积金户头空空如也的窘境。

减缓快速耗尽存款

另外,一些会员对公积金局有另一个误解:当退休提款时,有时会被转介至财务咨询柜台做辅导解释,公众会解读为该局要阻扰会员提款,控制钱财外流,说政府没钱了。

其实,整个辅导教育,就是要减轻,减缓会员快速耗尽存款的问题,各种怪异的想法,真的是大家想多了。

无论如何,在未来,如会员对收到的讯息有疑问,可致电03-8922-6000 询问,该局也有中文服务员解答各种疑问。

(作者为财务规划师)


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Re: EPF
« Reply #58 on: December 12, 2016, 03:20:08 PM »



Monday, 12 December 2016
‘Nominate beneficiary for EPF savings‘

BY SHEILA SRI PRIYA







 Jamaliah driving home an important point on financial planning during StarLive‘s ‘Are Your Retirement Saving Sufficient?‘ talk at Menara Star, Petaling Jaya, on Saturday.
Jamaliah driving home an important point on financial planning during StarLive‘s ‘Are Your Retirement Saving Sufficient?‘ talk at Menara Star, Petaling Jaya, on Saturday.
 
SOME 73% of Employees Provident Fund (EPF) members have not nominated their beneficiary as of Sept 30 this year.

 
This statistic was revealed during the financial literacy talk hosted by StarLive on the topic “Are Your Retirement Savings Sufficient?” at Menara Star in Petaling Jaya on Saturday.

EPF strategic management manager Jamaliah Awang was the speaker.

The alarming figure raised concerns among those present at the talk.




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One guest, C.K Wong, suggested that EPF make it compulsory for contributors to nominate a beneficiary.

“I suggest that EPF include our beneficiary’s name in our yearly statement. In that way, we would know who we have nominated,” he said.

Jamaliah said new EPF members were alerted to include their beneficiaries by their employers.

She urged those who were unsure to visit the nearest EPF branch to check on their beneficiary status.

During the talk, it was revealed that EPF Act 1991 supersedes any will written by the member pertaining to their EPF savings.

“Please go and nominate your beneficiary for your EPF savings at EPF.

“If you have written a will and included your beneficiary for your EPF, it will not count. Your will cannot override the EPF Act,” she said.

In terms of financial planning, Jamaliah recommended that people start at a younger age to reach their retirement objective.

She advised young parents to plan their children’s higher education early.

“When they plan early, they will arrive at their retirement age well.

“In the past, people would look out for scholarships for their education or turn to education loans.

“However, there may come a time when parents would need to finance their children’s education entirely,” she said.

She added that a person’s marital status might change, too, so it was best to start planning early.

Jamaliah also encouraged youngsters to differentiate their wants from needs.

“Think before you spend if your earnings should be used to fulfil your wants. Always ask yourself before you purchase if it is a want or a need.

“It is normal for people to spend on holidays and gadgets, but think before spending the money,” she said.

Jamaliah said some 85% of Malaysians regret not saving more for their retirement.

As a result of the increase in life expectancy, there is now a generation of adults who care for their parents and their own children and grandchildren called the “Sandwich Generation”.

The older and younger generations must have a brief plan on how they could share their finances.

“If your parents have property, maybe you can convert the property into cash by renting out the place.

“This money could be used to care for them. Meanwhile, there should be house rules whereby everyone contributes to the household income to ease each other’s burden,” she said.

During the talk, it was revealed that Malaysians live longer now compared to in the 1950s. This would require them to have enough savings for their golden years.

Average life expectancy is now 75, compared to 50 back then.

It is projected that by 2030, our country would have an aged population, with 14% of Malaysians being over 60.

Based on the World Health Organisation’s statistics, it is estimated that people would lose their healthy life expectancy in their last 10 years for females and seven years for males.

According to EPF’s statistics, 62% of active members do not achieve the basic savings quantum and only 222,654 members reach the basic savings level at the age of 54.

The top five illnesses related to EPF withdrawals were cancer, stroke, coronary heart disease, congenital heart disease and kidney failure.

In 2013, some 18% of Malaysians ran into debt because of high medical expenses.

Some 57% of Gen Y spend half of their salaries on social purchases like holidays and technology-related items while 75.6% of young Malaysians do not have insurance.

EPF provides free financial and retirement planning advice. For details, visit EPF’s Retirement Advisory Services, call 03-8922 6000 (EPF Contact Management Centre) or visit www.kwsp.gov.my/portal/en/web/kwsp/home

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Re: EPF
« Reply #59 on: December 17, 2016, 09:01:45 AM »



2016-12-16 22:31
没受益人麻烦多.凭遗嘱不能领公积金
公积金局会员若未指定存款受益人就离世,即使他们生前有立下遗嘱,也会给家属带来许多不便和麻烦,因为法律阐明,任何遗嘱都不能超越公积金的指定受益人。

若公积金局会员生前有指定公积金存款受益人,将无须付费给公积金局。(图:星洲日报)
(雪兰莪.八打灵再也16日讯)公积金局会员若未指定存款受益人就离世,即使他们生前有立下遗嘱,也会给家属带来许多不便和麻烦,因为法律阐明,任何遗嘱都不能超越公积金的指定受益人。

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律师公会法律改革及特别领域委员会成员拿督斯里拉玛仄文接受《星洲日报》访问时说,很多人误解,只要生前有立遗嘱就万事无忧,但2001年公积金条规第7条文阐明,没有任何遗嘱可超越公积金的指定受益人。

“举例说,一个人的遗嘱受益人为A,但公积金的存款受益人是另一人B,最终以公积金局的记录为主。”

没受益人没遗嘱更糟

即使死者身前有立下遗嘱,但没向公积金局指定受益人,该局也不会直接发放会员存款给遗嘱受益人,家属同样需要委托公共信托有限公司或律师,经过法律程序取得遗产执行书(Letter of Administration)、遗产认证书(Grant of Probate),或遗产分配令(Distribution Order)等文件。

如果会员生前没指定受益人,也没有立下任何遗嘱,情况更糟。

若会员没有指定受益人,公积金局须等到遗产管理者,如公共信托有限公司(Amanah Raya)提呈遗产执行书等相关文件后,才会发放存款。

广告

等待遗产执行书等法律文件过程冗长费时,家属也要承担不少费用,除了支付给公共信托有限公司的手续费外,也须缴付手续费的6%消费税。

如果死者家属过后选择委托公共信托有限公司成为遗产管理者,该公司会向遗产受益人征收费用;如价值不超过60万令吉的动产,首2万5000令吉征收4%费用,接下来的22万5000令吉征收3%费用,余款顺序递减至0.5%,视有关数额而定,并且需另付手续费的6%消费税。

拉玛仄文表示,律师的做法和公共信托有限公司不同,一般他们会让死者其中一名家属(遗产受益人)成为遗产管理人。若一切顺利,通常可在3个月时间内,取得法庭发出的遗产执行书。

若会员生前有指定公积金存款受益人,则受益人可绕过上述所有程序,也无须付费给公积金局。

文章来源:
星洲日报/独家报道:卢慧菁 ‧2016.12.16

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Re: EPF
« Reply #60 on: December 22, 2016, 02:04:33 PM »



Hornbill Unleashed
March 25, 2012
Umno has turned the EPF into its private cookie jar
Filed under: Corruption — Hornbill Unleashed @ 12:00 AM
Tags: Anak Sarawak Bangsa Malaysia, Corruption, Malaysia Politics, Save Sarawak
Umno has turned the EPF into its private cookie jar

Moaz Nair

The Employees Provident Fund (EPF) is one of the largest savings funds in the world which has accumulated more than RM 440.52 billion in 2011. And this represents the life savings of about 12 million Malaysians. Of course money kept under the pillow would not generate more income. It has to be invested prudently. The issue now is has the EPF under UMNO-led government invested the hard-earned savings of Malaysians judiciously. Until 2011 the government has already used 60 per cent of the people’s savings on various loans and investments.

The 12 million EPF contributors are not somewhat contented with the government. Many EPF contributors surveyed across the nation have the perception that they have been taken for a ride by the government. Their life-long savings is not giving them good returns. “The government is taking big loans from the EPF. Could this be the reason why the EPF is now getting employers to increase their mandatory contributions from 12% to 13%?” asked a 50-year-old single mother attached to a government-linked company (GLC).

Government still owed the EPF RM240 billion

On 23 June 2011, the EPF said that 60 per cent of its funds have been lent to or borrowed by the Malaysian government. As at Dec 2010 the government still owed the EPF about RM240 billion. In other words, the UMNO-led government has already spent or used 60 per cent of all the savings. The fact is it does not really have a good track record of how to manage the economy sensibly. 2012 will spot the 15th year of budget deficit by the Federal government with no sign of financial intelligences.

If money lent to the government is used for profitable business they are wondering why the dividend to the EPF contributors is so low – hovering around 4 to 5% before 2011. “They are paying us a paltry dividend. We are bearing the burden of diminishing returns,” said a senior clerk attached to a chemical industry in Kemaman. “The paltry dividend only indicates that the EPF money is not invested in rewarding business but those with links to UMNO,” she added.

“Even the latest 6% dividend came as no surprise to the contributors. This is a one-off affair that only happens when UMNO is facing a general election. All figures will normally go up during this time – dividends for PNB unit trusts (more than 7 per cent including bonus), Tabung Haji (6 per cent) and so on,” she reproved.

High-risk – no-return investments

The EPF contributors are now worried that their money has gone into high-risk – no-return investments. The Auditor-General’s Report 2010 indicated that the EPF had approved loans worth an astounding RM55.1 billion not backed by government guarantees. The 13 debtors however were not named. The Auditor-General’s Report 2010 also found only one of the 13 debtors was qualified to obtain a loan without such a guarantee. That particular debtor was extended credit worth RM21.3 billion.

This form of lending must have obviously side-stepped good practices and apposite financial procedures. It also reflects on the lack of transparency and accountability on the government part.

“They are gambling with the people’s life savings for their retirement and old age. Things are never transparent and we don’t actually know what’s happening to our savings. A lot of things are hidden from us. What are the trade unions doing? The board of directors and the ministry of Finance?” chided a 43 year-old senior manager with a manufacturing company.

Instead of issuing bonds that has a better liquidity the borrowers find a short-cut to put their hands into the EPF’s till. These are usually borrowers who cannot secure loans from the banks or from any international sources. Taking a huge loan from the EPF – usually with a very low interest rate – is one sure way of getting their business going regardless of its competitiveness. On this basis too the government is indebted to help if these companies fail in their business;

There will be massive financial implications to the country’s economy and the EPF when these companies were to default on their payments or go bankrupt. However, the EPF can give cheaper loans than commercial banks to GLCs and crony companies to save them from bankruptcy and in some cases make big profits from the people’s hard-earned contributions.

“This is not money that belongs to the state. It’s the people’s pension fund. But it is being used and abused for chiefly political purposes,” said a lecturer in a local private university.

How they can pay dividends

It is interesting to find out how the EPF can pay dividends of 4 to 5% when their returns from their huge loans are usually not more than 2 to 3%? They are practically not making much money out of these investments when the interests are charged at these figures. And when it comes to paying dividends this does not come from business profits but they have to sell some of their interests in the listed companies, or else nothing much could be paid to the workers.

“Or else how can the government pay a dividend of + or – 5 % when banks’ FD rates are less than 3.5%, some trust funds are losing money, some GLC’s are also doing badly?” chided another 39-year-old bank executive

In other words, the EPF is actually not doing any viable business but assisting the government to help some UMNO-linked companies and the GLCs. When these businesses fail the government has again to bail them out and money from the EPF, among other sources, is used.

“The Employees Provident Fund (EPF) sold a whopping RM441.09mil worth of Malaysia-listed equities on March 7 alone, in line with its trend of active disposals over the last two weeks.” reported a local daily.

“Bursa Malaysia filings showed that on March 7, the EPF along with its portfolio managers dumped a total 83.68 million shares on the open market, substantially more than the 7.4 million shares it had acquired the same day. The number of shares disposed of represents almost half the total volume traded that day, which stood at 173.14 million shares. Fund managers reckon that the fund was merely taking profit.”

To the economists, the EPF needs the money to pay the “feel-good” pre-election dividend of 6% to the contributors.

Controversial NFCorp

Unlike dealing with commercial banks dealing with the government or the EPF which is under government control the interests incurred would normally be around 2% or less for any loans given out. Take for instance the controversial NFCorp . It was given a soft loan of RM250 million from the government with only 2% interest rate and a five-year grace period before repayment. Even earning from this amount is quite controversial as in many cases they end up as non-performing loans and when payment is defaulted the lender will be in trouble. But in most cases the government will step in to bail the failed companies by using taxpayers’ money, the EPF or Petronas dollars.

“Being an EPF contributor, I am not surprised. The EPF has been giving an average 4 to 5 % return over the past 10 years. Now we know with facts why they are giving only such low rate of return. Take in the unofficial inflation rate of 4%, this makes our real return at only 1 % or nil,” quipped a 54 year-old-worker in a private firm.

Rightfully, workers should not be happy with 5% per cent dividends in this context. All savings will have to take into consideration of depreciated value of their savings due to inflation.

“Just imagine if the EPF welcomes the extension of retirement age to 60 then that contributors cannot withdraw their savings for another five years. This will only benefit the government more,” said a 43 year-old lady executive with a local bank.

RM6.5 billion loan to Felda

RM6.5 billion loan was taken by Federal Land Development Authority (Felda) from the Employees Provident Fund (EPF). It seems the EPF statement had stated that the company regarded the loan as an investment that could contribute to a “better dividend achievement” for its contributors. But if Felda, as claimed by the government is in sound financial shape why the RM6.5 billion loan from the EPF? Why not from the banks or other international lenders? Of course these lenders would look into Felda’s risk rating and the interest rate will be higher. It cannot be a meagre 2% interest. Thus using the EPF money will be the most convenient for the government to avoid all these hassles.

Beyond that, if Felda has a healthy bank balance or cash reserves and claims to have assets worth more than RM19 billion why must it bother to take a huge loan from the EPF? And is the government transparent on all transactions involving the EPF – the amount of loans taken, who are those given the loans, their credentials and the profit and the loss incurred thus far? A senior manager of a company has this to say, “the EPF has not been transparent in its dealings, especially pertaining to its investments and “unrealised losses”.

Government debt stands at 53%

Government’s borrowing is not risk free. If the government borrows disproportionately in relation to its GDP and without exercising judiciousness on the projects it is financing, the long-term implication can be disastrous. The country’s federal debt level reached RM456 billion at the end of 2011, which is a discernible 88.4 per cent increase from the RM242 billion in 2006. This debt level will further increase with more borrowings to develop more projects.

The Constitution of Malaysia caps government debt at 55 per cent of GDP. As of 30 June 2011, government debt stands at 53 per cent but this figure only includes government borrowing, not public borrowing. When both government and public borrowings are encompassed the figure may surpass far more than the 55 per cent cap. Seemingly when it touches 55 per cent, the BN government will officially be in crisis and the Constitution may need to be changed to increase borrowing or possibly it will require a bailout. But with all the uncertainties in the world economies, with less prudent financial management the Malaysian economy can crumble at any time due to this “financial crunch”.

Unlike developed countries with strong fundamentals like the US, where debts and spending go more than savings a small country like Malaysia cannot sustain the pressure of a ‘financial crunch”. Foreigners will lose confidence in the Malaysian economy like what has happened to Greece. Printing more money will not resolve the problem as high inflation will set in and money will lose its value. This will affect local and international businesses.

It’s when rating agencies such as S&P’s or Moody downgrade Malaysia’s sovereign rating by 2 or 3 points will indicate the country has exceeded the limit. And this will cause an abrupt plunge of the ringgit. That’s what has happened to Greece where the government had to write off 50 per cent of their outstanding government loans. And if this happens to Malaysia, the EPF will be asked to take a 50 per cent cut of outstanding debt owed by the government. More than half of savers’ EPF money will be lost and the UMNO-led government would then plead to the people to remain patient and be patriotic. And after more than 30 to 40 years of working hard worker’s EPF savings would shrink. Dividends paid will totally diminish and even the money saved will become half the value. Printing more money is not going to help.

Refused to grant the funding

Venturing into any non-profitable housing scheme will undermine the interests of the EPF because the buyers will not be able to or will not repay the loan. The government has the SPNB (Syarikat Perumahan Negara Bhd) that was initiated in1997 to provide for affordable homes to the poor. Now comes PR1MA (Perumahan Rakyat 1Malaysia), which is supposed to be for 20 000 house buyers in one precinct under an UMNO leader using the EPF money.

The use of RM1.5bil from the EPF in a scheme offering home loans to those who cannot qualify for bank financing will be disadvantageous to the EPF contributors. The government is not safeguarding the EPF’s interests again, as this deal cannot ensure secure financial returns for the EPF. But this is not UMNO’s concern. UMNO is more interested in politics and its own survival in the next GE.

There is a big risk in this scheme, as the three banks approached by the government had refused to grant the funding to these 20,000 house buyers. Why must the government involve the EPF then? If the government wants to hold the responsibility of any default, then rightfully the government should be involved directly to finance this scheme. This is the right way to safeguard the interests of the EPF.

The EPF is not UMNO’s cookie jar. The money belongs to the workers and should not be used to achieve a political goal. If this is a charity program as claimed by UMNO then it is the onus of the government to support such a project on its own.

Not be used as a cash cow

Billions of ringgit from The Employees’ Provident Fund (EPF) today has been used to rescue failing companies listed on the Malaysian stock Exchange. Although the EPF is one of the biggest pension funds in the world, the workers feel that it should not be used as a cash cow to bail out financially troubled Government agencies or companies. “The workers must not be left in the dark. Every decision made by the EPF must be above board. If they can prove that after investing the money in a proper way, they still cannot get good returns, that is fine, we can accept it,” commented a senior bank manager.

But taking the EPF funds for political reasons, to bail out failing companies or to lend the money out to UMNO crony companies is undeserved. This becomes a political agenda and not business. UMNO-BN cronies and their patron political select are actually feathering their own nests to the impairment of national interests and the rightful owners of that pension fund

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Re: EPF
« Reply #61 on: December 22, 2016, 04:19:09 PM »




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EPF no longer has stake in Felda Global Ventures
 fgv epf
 0 comments     Published Today 3:57 pm     Updated Today 4:01 pm

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The Employees Provident Fund (EPF) has sold off all its shares in the troubled Felda Global Ventures (FGV).

"In line with best practices, we have been closely monitoring the equity performance of FGV over the years and have gradually sold down our shareholding.

"As of today, the EPF no longer holds any share in FGV," the fund said in a statement today.

On the RM6.5 billion loan that EPF provided to Felda Holdings, the fund said repayments on the loan were were regularly being made.

"The EPF confirms that the RM6.5 billion loan taken by Felda Holdings is not in default and Felda continues to service the loan in accordance with the agreed terms and conditions," the statement said.

The fund also urged EPF members to not be misled by rumours.


FGV was listed on Bursa Malaysia with much fanfare in mid-2012, debuting at RM5.39. At the time, it was touted as one of the biggest initial public offerings in the world for that year.

Within two years, FGV's share price halved, following a drop in commodity prices and downstream losses. At the time of writing, it is priced at RM1.62.

EPF was among the early investors in FGV, reportedly having up to a 6.8 percent stake.

FGV remains the third largest palm oil producer in the world. However, the company has been in the red in recent years.



Read more: https://www.malaysiakini.com/news/366953#ixzz4TYIQEGZH

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Re: EPF
« Reply #62 on: December 23, 2016, 01:47:31 PM »



EPF sells stake in Felda Global Ventures
Friday December 23, 2016
12:49 PM GMT+8

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Employees Provident Fund (EPF) has sold its stake in Felda Global Ventures Holdings Bhd. ― Picture by Yusof Mat Isa
Employees Provident Fund (EPF) has sold its stake in Felda Global Ventures Holdings Bhd. ― Picture by Yusof Mat Isa
KUALA LUMPUR, Dec 23 ― Malaysia's Employees Provident Fund (EPF) said it has sold its stake in Felda Global Ventures Holdings Bhd, the world's third largest palm plantation group.

The pension fund, which was among the cornerstone investors in Felda's IPO in 2012, had held 3.85 per cent in Felda as of March 18 and was its seventh biggest shareholder, according to Reuters data.

Felda said last month it would have to rationalise its operations after reporting a third-quarter loss and predicting a loss for the full-year.

“We have been closely monitoring the equity performance of Felda over the years and have gradually sold down our shareholding,” EPF said in a statement, adding that the sale was in line with its efforts to practice high standards of corporate governance and manage risk.

EPF also said a RM6.5 billion loan taken out by Felda Global Ventures' parent, Felda Holdings, is not in default and that Felda continues to service the loan. ― Reuters

- See more at: http://www.themalaymailonline.com/malaysia/article/epf-sells-stake-in-felda-global-ventures#sthash.EqVWYP5s.dpuf

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Re: EPF
« Reply #63 on: December 23, 2016, 02:09:00 PM »



The pension fund, which was among the cornerstone investors in Felda's IPO in 2012, had held 3.85 per cent in Felda as of March 18 and was its seventh biggest shareholder, according to Reuters data.

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Re: EPF
« Reply #64 on: December 23, 2016, 02:11:18 PM »


The pension fund, which was among the cornerstone investors in Felda's IPO in 2012, had held 3.85 per cent in Felda as of March 18 and was its seventh biggest shareholder, according to Reuters data.


CONSERVATIVELY,
ASSUME A LOSS OF 1.5 PER SHARE,
3.85% OF 3648151500 WLD HAVE LOST 210 MILLION !!!!!!!

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Re: EPF
« Reply #65 on: December 23, 2016, 02:13:22 PM »

CONSERVATIVELY,
ASSUME A LOSS OF 1.5 PER SHARE,
3.85% OF 3648151500 WLD HAVE LOST 210 MILLION !!!!!!!


JUST BCOS OF 1 FELLOW'S "NATIONAL SERVICE"

 :thumbsdown: :thumbsdown: :thumbsdown: :thumbsdown: :thumbsdown: :thumbsdown:

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Re: EPF
« Reply #66 on: December 23, 2016, 02:57:25 PM »



FGV cognisant of shareholders’ investment priorities, says CEO
 feldaglobalventures
 3 comments      Bernama     Published Today 1:39 pm     Updated Today 2:35 pm

16
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Felda Global Ventures Holdings Bhd (FGV) today said it respected the views of its shareholders and is cognisant of their prerogative to buy or sell their shares as per their investment priorities.

FGV Group president and chief executive officer Zakaria Arshad said the palm oil producer would continue to focus on its core business, improving productivity of existing assets and divesting non-core assets to deliver returns to its shareholders.

“We will continue to do this while adhering to the relevant governance procedures in a transparent and responsible manner.

“We are steadfast in our commitment to unlock our full potential and bring value to FGV shareholders,” he said in a statement today, in response to the move taken by the Employees Provident Fund (EPF) to relinquish its shareholding in FGV.

Yesterday, the retirement fund said it no longer held any stake in FGV as it assured its members that it practises high standards of corporate governance in its investments, with robust policies on risk control and asset allocation.


The EPF said it has been closely monitoring the equity performance of FGV over the years and has gradually sold down its shareholding in the group.

The retirement fund also confirmed that the RM6.5 billion loan taken by Felda Holdings Bhd was not in default and the latter continued to service the loan in accordance with the agreed terms and conditions.

Zakaria said FGV would continue to engage with the EPF and the investing community to update on its business improvement progress.

“We join the EPF in urging our stakeholders and the public at large to refer their questions directly to our respective organisations and not to be misled by the social media and unsubstantiated online sources,” he added.

- Bernama



Read more: https://www.malaysiakini.com/news/367050#ixzz4TdoOX9hb

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Re: EPF
« Reply #67 on: December 23, 2016, 03:18:37 PM »



FGV slips 4.94pct as EPF ceases to be shareholder
 fgv epf
 0 comments      Bernama     Published Today 2:55 pm     Updated Today 3:00 pm

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FGV slips 4.94pct as EPF ceases to be shareholder
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Felda Global Ventures Holdings Bhd's (FGV) share price slipped 4.94 percent at lunch break today, following the
announcement by the Employees Provident Fund (EPF) that it no longer has any stake in the company.

At 12.30pm, the shares slipped eight sen to RM1.54 with 6.98 million shares changing hands. The shares moved between RM1.54 and RM1.60 throughout the morning session.

In a statement today, FGV said it respected the views of its shareholders and was cognisant of their prerogative to buy or sell their shares as per their investment priorities.


"FGV shall continue with our focus on core business, improving productivity of existing assets and divesting non-core assets to deliver returns to shareholders and fulfill our obligation to our stakeholders," said group president and chief executive officer Zakaria Arshad.

Yesterday, the EPF said it no longer held any stake in FGV as it assured its members that it practises high standards of corporate governance in its investments, with robust policies on risk control and asset allocation.

Meanwhile, a dealer said despite the setback, FGV's business operations was expected to be stable supported by the higher crude palm oil price which is currently hovering at above the RM3,000 per tonne level.

"The negative sentiment may be temporary, and I believe the company's share price would stabilise," the dealer said.

- Bernama



Read more: https://www.malaysiakini.com/news/367058#ixzz4TdtjiHEq

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Re: EPF
« Reply #68 on: December 23, 2016, 03:30:00 PM »



财经
公積金局不再持有聯土局多元
 2948点阅   2016年12月23日
20161224fbc08a

(吉隆坡23日訊)僱員公積金局重申,已完全脫售,不再持有聯土局多元(FGV,5222,主要板種植)任何股權,並向會員保證當局在投資方面採取高度企業治理,而且有風險管制和資產配置的穩健政策。



公積金局發布文告指出:“配合最佳實踐,我們密切留意聯土局多元在這一年的股價表現,並已逐步賣出持股權。截至今天,公積金局不再持有聯土局多元任何股票。”

此外,公積金局也確認聯邦土地發展局(Felda)的65億令吉貸款沒有違約,並且根據條款持續償還貸款。

“我們希望成員向我們求證,不要被社交和網絡媒體評論誤導。”

公積金局主要是澄清網絡流傳消息,質疑聯邦土地發展局是否有能力償還,在2010年向公積金局進行的65億令吉借貸。

此消息一出,聯土局多元股價即走下坡,休市時,該股報1.54令吉,跌8仙,交投量698萬4300股。

札卡立:尊重股東意見及權利

針對公積金局售股一事,聯土局多元總裁兼總執行長拿督札卡立表示尊重股東的意見,及他們買賣股票的權利,這些都是投資的優先考量。

他在文告中指出,該公司將持續專注在核心業務,改善現有資產素質,以及脫售非核心資產,為股東帶來收益。

“我們將持續這么做,並以透明和負責任的態度遵守相關治理程序。”

他稱,該公司承諾釋放所有投資潛能,為聯土局多元股東帶來價值。

同時,札卡立說,聯土局多元將與公積金局保持聯繫,並更進公司的業務改善進展。

“如同公積金局所說,我們促請股東和民眾若有疑問,可直接與公司連繫,不要被社交媒體和不成立的網絡消息誤導。

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Re: EPF
« Reply #69 on: December 23, 2016, 07:55:41 PM »



财经  2016年12月23日
EPF售股引发卖压 FGV专攻核心业务

EPF售股引发卖压 FGV专攻核心业务
FGV总裁兼CEO扎卡利亚。

(吉隆坡23日讯)针对雇员公积金局(EPF)已悉数脱售它在FELDA环球投资(FGV,5222,主板种植股)的持股,FELDA环球投资今日发文告表示,该公司尊重雇员公积金局的投资决定,並將继续专注发展其核心业务。

FELDA环球投资总裁兼首席执行员拿督扎卡利亚,是针对雇员公积金局昨日发表该局已脱售FELDA环球投资的所有股权的文告,做出以上回应。

他说,「我们尊重股东的决定,我们理解股东有权根据各自的投资优先顺序,就我们的股票进行买卖。」

另外,扎卡利亚也在文告中指出,FELDA环球投资將继续专注核心业务,改善现有的资產效率及脱售非核心资產,以为股东创造价值。


「我们將继续以透明和有责任的方式,遵守良好的企业治理。」

扎卡利亚也指出,公司將竭尽全力发挥潜能,及为股东创造价值,同时公司也將会继续与雇员公积金局和投资大眾保持良好的关係。

他也提醒说,希望有关人士和投资z者能直接向该公司询问改善业务的进度,不要被社交媒体和网络上未经证实的传言而误导。

FELDA环球投资在去年6月18日曾向交易所呈报,指雇员公积金局于同年6月15日减持该公司的820万股股票后,持股比例低于5%,不再是FELDA环球投资的大股东。

根据交易所数据,雇员公积金局自当时减持820万股之后,持股剩下1亿8237万股或4.99%。而该局昨天宣称已经脱售FELDA环球投资的所有股票。

另外,僱员公积金局也指出,联邦土地发展局(FELDA)向该局借贷的65亿令吉贷款并没有毁约,而且联邦土地发展局也根据贷款条约持续还债。

母股凭单大热下跌

隨著雇员公积金脱售手中所有持股的消息出街后,FELDA环球投资的股票在週五面对沉重的卖压,大热走跌,该股以全天最低1.53令吉掛收,挫9仙或5.56%,成交量为1274万股,是第11大热门股。

此外,FELDA环球投资-C16和FELDA环球投资-C22也跟隨母股大热下跌,分別跌2仙和36.36%,以及2仙和16.67%,至3.5仙和10仙。它们全天分別有2078万股和968万股易手,分別位居热门榜第5位和第17位。

由于业绩表现欠佳,FELDA环球投资年头至今的股价共挫10.53%。该公司于今年11月22日公布的今年首9个月业绩由盈转亏,从去年同期净赚1574万令吉,转为蒙亏9820万令吉。同时,该公司今年第3季的净亏损,也从去年同期的3392万令吉净亏,进一步扩大至9487万令吉

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Re: EPF
« Reply #70 on: December 23, 2016, 07:59:12 PM »


财经  2016年12月23日
EPF售股引发卖压 FGV专攻核心业务

EPF售股引发卖压 FGV专攻核心业务
FGV总裁兼CEO扎卡利亚。

(吉隆坡23日讯)针对雇员公积金局(EPF)已悉数脱售它在FELDA环球投资(FGV,5222,主板种植股)的持股,FELDA环球投资今日发文告表示,该公司尊重雇员公积金局的投资决定,並將继续专注发展其核心业务。

FELDA环球投资总裁兼首席执行员拿督扎卡利亚,是针对雇员公积金局昨日发表该局已脱售FELDA环球投资的所有股权的文告,做出以上回应。

他说,「我们尊重股东的决定,我们理解股东有权根据各自的投资优先顺序,就我们的股票进行买卖。」

另外,扎卡利亚也在文告中指出,FELDA环球投资將继续专注核心业务,改善现有的资產效率及脱售非核心资產,以为股东创造价值。


「我们將继续以透明和有责任的方式,遵守良好的企业治理。」

扎卡利亚也指出,公司將竭尽全力发挥潜能,及为股东创造价值,同时公司也將会继续与雇员公积金局和投资大眾保持良好的关係。

他也提醒说,希望有关人士和投资z者能直接向该公司询问改善业务的进度,不要被社交媒体和网络上未经证实的传言而误导。

FELDA环球投资在去年6月18日曾向交易所呈报,指雇员公积金局于同年6月15日减持该公司的820万股股票后,持股比例低于5%,不再是FELDA环球投资的大股东。

根据交易所数据,雇员公积金局自当时减持820万股之后,持股剩下1亿8237万股或4.99%。而该局昨天宣称已经脱售FELDA环球投资的所有股票。

另外,僱员公积金局也指出,联邦土地发展局(FELDA)向该局借贷的65亿令吉贷款并没有毁约,而且联邦土地发展局也根据贷款条约持续还债。

母股凭单大热下跌

隨著雇员公积金脱售手中所有持股的消息出街后,FELDA环球投资的股票在週五面对沉重的卖压,大热走跌,该股以全天最低1.53令吉掛收,挫9仙或5.56%,成交量为1274万股,是第11大热门股。

此外,FELDA环球投资-C16和FELDA环球投资-C22也跟隨母股大热下跌,分別跌2仙和36.36%,以及2仙和16.67%,至3.5仙和10仙。它们全天分別有2078万股和968万股易手,分別位居热门榜第5位和第17位。

由于业绩表现欠佳,FELDA环球投资年头至今的股价共挫10.53%。该公司于今年11月22日公布的今年首9个月业绩由盈转亏,从去年同期净赚1574万令吉,转为蒙亏9820万令吉。同时,该公司今年第3季的净亏损,也从去年同期的3392万令吉净亏,进一步扩大至9487万令吉


FR T MOUTH OF FGV MD
EPF ORIGINALLY OWNED
MORE HAN 5% OF FGV SHARES,
WHICH MEANS THE LOSS WAS AT LEAST 273 MILLION

 :phew: :phew: :phew: :phew: :phew: :phew: :phew: :phew: :phew: :phew: :phew:

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Re: EPF
« Reply #71 on: December 27, 2016, 02:24:23 PM »



Malaysians working abroad eligible to contribute to EPF
 epf
 0 comments      Siti Rahmat Radzeah, Bernama     Published Today 1:57 pm     Updated Today 2:05 pm

Siti Rahmat Radzeah, Bernama
Malaysians working abroad eligible to contribute to EPF
More


 

Malaysians working abroad are eligible to make contributions to the Employees Provident Fund (EPF) via the 1Malaysia Retirement Savings Scheme (SP1M).

Johor EPF branch Retirement Advisory Service (RAS) officer, Faizal Abu Al-Ashari said those below 55 years-old can register as EPF members to make savings until they reach retirement age.

"This also refutes the perception that Malaysians working abroad are not eligible to make savings with EPF. Actually, they can still save with the EPF.

"The SP1M was introduced to encourage the self employed and those without fixed income to contribute voluntarily based on their capability. This include Malaysians working abroad, " he told Bernama here.

No fixed amount has been set. EPF members can make contributions of between RM50 and RM60,000 a year at any time according to cability and will receive annual dividends based on current rate, just like other contributors.

Registration can be made at the EPF office by filling out a special form and payment can be made at the counter or via agents such as Maybank, Public Bank, RHB Bank, Bank Simpanan Nasional and online at Maybank or Public Bank.

Faizal said besides SP1M, those eligible can make personal savings deposits via voluntary contribution.

Last year, 65 percent of EPF members aged 54 years with savings of RM50,000 and below spent their EPF savings within three to five years.

In efforts to raise awareness about the importance of retirement planning, RAS provide advice and guidance to members for free.

RAS, the first of its kind in South-east Asia, is an initiative under EPF's Social Security Excellence and Strategic Plan 2013-2017.

Faizal said since its launch in 2014 until August this year, some 17,805 EPF members had received advice from RAS face-to-face in the branches.

"Johor RAS branch was officially opened in October last year. A total of 1,500 members have come to our branch for advice about planning their savings.

"The customers are of various ages, races and backgroun They include civil servants, private sector employees, factory workers and the self-employed.

"They were very satisfied and left with better understanding of financial planning for retirement," he added.
- Bernama



Read more: https://www.malaysiakini.com/news/367347#ixzz4U148rjQ2

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Re: EPF
« Reply #72 on: December 28, 2016, 10:39:32 AM »



 0 0 0 New
EPF: Many members out of savings soon after retirement
Bernama | December 28, 2016
A Retirement Advisory Service officer says there are cases where retirees withdraw 70% of their savings and spend all the money in less than 30 days.
kwsp

BANGI: The Employees Provident Fund (EPF) is concerned with the spending habits of some subscribers who reportedly run out of savings too soon after retirement.
Kuala Lumpur EPF branch Retirement Advisory Service (RAS) officer Nornisah Mohd Yusof said many subscribers ran out of their EPF savings within three or five years after their retirement although the life span for Malaysians had increased to 75 years.
“More worrying is cases where retirees have withdrawn 70% of their savings and spent the money in less than 30 days,” she told Bernama recently.
Therefore, Nornisah advised EPF subscribers, especially those going on retirement, to plan their expenditures and manage their finances well, so as not to be left in the lurch during their old age.
“For (EPF) members in need of advise or clarification, they can refer to the RAS officers at the EPF offices nearest to them.
“We will offer advice and suggestions to help them make the best decision before they withdraw their EPF savings,” she said.
She said RAS officers could also provide advice on managing their savings that would generate monthly income, enabling them to sustain their cost of living throughout their retirement.

Nornisah said EPF subscribers would have to have Basic Savings, which is a certain amount based on their age in their Account 1 to enable them to have savings of at least RM228,000 when they reached the age of 55.
The amount is in tandem with the minimum pension in the public sector, which is RM950 a month for 20 years, from the age of 55 to 75.
She said as of last year, 65% of EPF subscribers aged 54 and below had savings of less than RM50,000,
According to her, there are four age phases for subscribers to plan their finance to ensure they have enough money and be able to live in comfort after their retirement.
“The first phase is during the 20s, where subscribers are highly encouraged to save by allocating their savings for assets, child education and also retirement.
“When they are in their 30s, this will be a suitable time for them to evaluate their job, because at this age, they should afford to make deposit payment for a house.
“This is the best years to plan your retirement, if it has not been done earlier when you are in your 20s,” she added.
Nornisah said when members are in their 40s, those with families should focus more on making savings for their children’s education and also for their retirement.
They should also re-evaluate the management of their credit so as not to be burdened with debts, she added.
She said the last phase was when subscribers were in their 50s.
“At this age, members are encouraged to continue with their savings and not invest in risky ventures.

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Re: EPF
« Reply #73 on: December 28, 2016, 05:58:50 PM »



国內  2016年12月28日
65%会员54岁时 公积金储蓄少於5万令吉

65%会员54岁时 公积金储蓄少於5万令吉

(万宜28日讯 )吉隆坡僱员公积金局退休服务諮询官员诺妮莎指出,截至去年,多达65%的公积金局会员在54岁时的公积金储蓄,少於5万令吉。

她说,该局已制定,会员在到达55岁时,他们的第一户头必须达到22万8000令吉的基本存款。

她说,上述基本存款额,是根据公共领域僱员的最低退休金所制定的。

诺妮莎指出,僱员公积金局对於该局的会员,在一退休后就迅速地將他们的公积金花完一事,表示关注。


她说,虽然我国的平均寿命已达到75岁,但很多会员在退休后的3至5年內,就將他们的公积金花光。

诺妮莎向《马新社》指出,更令人担忧的是,一些退休人士提出他们70%的存款,並在30天內,就將这些存款花完。

因此,她劝请即將退休的僱员公积金会员,应规划好他们退休后的开销,避免在年老后面临財务困境。

她说,如果公积金会员需要任何諮询,可亲自到邻近的公积金局寻求退休服务諮询官员的协助。

「我们会在会员提出他们的存款之前,给予他们妥善的建议。」

她表示,官员也会给予会员建议,以协助他们如何通过他们的存款赚取月薪,维持退休后的生活。

「如果要在退休后享有舒服的退休生活,就必须在这4个阶段做好財务规划。」

她指出,第一个阶段是在20至29岁的时候,会员必须就资產、孩子的教育和退休存款做好规划。

诺妮莎说,30至39岁时,会员就必须检討他们的工作,並在这时候能够支付购买屋子的首期钱。

「如果会员没有在30岁之前做好规划,30至39岁的这个阶段是最佳时机。」

她说,40岁以后,如果会员已经组织家庭,那么就必须把他们的储蓄留给孩子的教育费和自己的退休生活。
   
她表示,最后一个阶段是在会员的50岁以后,这时会员也必须专注於退休储蓄,外加可能面对的健康问题开销等。

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Re: EPF
« Reply #74 on: December 28, 2016, 08:01:17 PM »



Who gets to use and spend money held in EPF?
 epf letters
 0 comments      Lau Bing     Published Today 5:53 pm     Updated Today 5:55 pm

Lau Bing
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Money held in the Employees Provident Fund (EPF) keeps snowballing every month from members’ contributions plus profits and gains and interests earned from EPF’s direct investments using members’ monies. This also includes money accrued from savings in bank deposits, etc, etc.

What about money gained from rentals and from buying and selling of pricey assets and up-market properties?

EPF is very rich, though the money is not theirs in reality.

The question is who will get to use and spend the bulk of money accumulated in EPF over half a century - is a mystery. If not by the members or contributors, then who?

EPF is not a private or a public company. The EPF is like a foundation or a board set up to look after workers’ money forwarded to EPF to safeguard until they retire, that is, when they can then make a cash withdrawal of the full amount. But in between, when they need money to pay for their children's education or to buy a house, they can of course apply for a cash withdrawal.

Usually a caretaker of the foundation is appointed to oversee that the money is in safe hands and, that a member knows who to see for some money.

Of course the caretaker is not supposed to use or to spend the money, except lend it to a third party to earn some interests to help pay for management and operational costs. So, at the end of the day, whatever money remains standing in the bank account it will be paid out in full in different proportions (shares) to the members, but based on what they have in their accounts.

But the caretaker will have to keep some money as a float or as contingencies to keep the operations going, just in case more money is needed.

In the old days that was how a foundation or board functioned. For your information, people will put their savings (money) with them if not with a reputable trustee. So, with extra cash on hand, by and large there are people who could use this money to enjoy a little better life, despite living on a shoestring budget.

But this is not the same or practised by EPF because the board keeps the money and only pays out ‘kacang putih’ or rather peanuts to the members.

This is seemingly daylight robbery and a con job.

In fact, EPF does not need to be concerned of its members running out of savings too soon or at all because if they pay out good money to the members instead of meagre amount yearly, then the members would have more or enough money to spend when they retire.

As it is now it is the EPF which has allegedly benefited from money contributed to the retirement board by its members.

Let’s face the fact, all money in EPF does not belong to the government, neither is it owned by EPF - actually it belongs to past and present members.

So, why not use the money as it is intended for, that is to provide funds for retirees so that they will have enough money to spend during their remaining years, in comfort.

LAU BING is a community activist and writer in Subang Jaya



Read more: https://www.malaysiakini.com/letters/367468#ixzz4U8HSWgRv

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Re: EPF
« Reply #75 on: January 16, 2017, 08:23:06 AM »



How much did EFP lose from its investment in FGV?
 yoursay feldaglobalventures
 1 comments      Yoursay     Published Today 7:28 am     Updated Today 8:05 am

Yoursay
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YOURSAY | 'Assuming it sold all the 6.8 percent it bought at half the purchased price, EPF lost RM500 million...’

FGV delisting will result in RM7.8b losses, claims Rafizi

Ramesh Rajaratnam: The Employment Provident Fund (EPF) invested about RM1.2 billion in Felda Global Ventures' (FGV) initial public offering (IPO) in 2012 and loaned the group RM6.5 billion since then.

Assuming it sold all the 6.8 percent it bought at half the purchased price, EPF lost RM500 million, plus minus. That excludes the RM6.5 billion loan exposure (even though government guaranteed the loan, the end payer of a default is still the rakyat).

Take a good look. EPF lost our money by investing in FGV. I'm not a lawyer but common sense says somebody ought to be held financially accountable to the contributors?

It's different for the shareholders of FGV, they can take it up with the management. We have to ask some serious questions on the retirement fund's competency and transparency.

Anonymous_1424794168: The government is suffering from a major trust deficit. If you privatise FGV now, the trust deficit will only increase.

You are better off tightening all the loose screws in FGV. That will bring more confidence to the government.

Hornbill: So what happens to previous Felda chairperson Isa Samad? Any action taken against him for the failure?

Oh, I forgot, it isn't in our culture to punish 'genuine failures'. Even criminal negligence could also go unnoticed.

Worldly Wise: The government ought not to do business. When government does business, you get an artificial result. The capital put in is not a reflection of the people’s ability to invest.

Politicians will consider the political advantage to them in making business decisions although they purport to do so in the interests of the public at large. The actual business of governing in all likelihood will be either neglected or distorted.

Clever Voter: The moment you leave anything to politicians, this is exactly the possible outcome. A majority of them have never earned anything in their life, let alone understand the value of money.

To them, it’s only numbers. After all, spending other people's money is what they know best.

Once again, the losers are individuals and those who laughed all the way to the bank are bankers, politicians and possibly their runners.

Dont Just Talk: With all the lucrative promises made to the Felda settlers to list FGV at an IPO price of RM4.55 in 2012, and less than five years, the talk is now about taking Felda private when the market price is RM1.79.

Indeed, the federal government under MO1 (Malaysian Official 1) never fails to learn that it is bad to mix business with politics.

And with (monkey) politicians being appointed to take care of the (banana) plantation, the result is clear.

How much trust and confidence can investors have in our country, with one financial scandals after another, and yet Second Finance Minister Johari Abdul Ghani remains optimistic that our ringgit will strengthen against US dollar in the near future?

Drngsc: FGV, four years ‘koyak’ (gone). 1MDB, five years ‘koyak’. That is how Umno takes care of their assets. They ‘piratise’ them.

Rafizi: Why, how did Felda get RM1b loan from S'pore firm?

Dont Just Talk: Can new Felda chairperson Shahrir Samad explain to Malaysians the rationale behind the RM1 billion loan taken from Singapore Putra Star Investment Company when the company paid-up capital is US$1 million.

Pandan MP Rafizi Ramli talked sense when he asked what collateral did Felda offer for the loan.

With the plan acquisition of Eagle High Plantations, what is Felda total borrowing and can Felda service the loan plus interest?

Was that the reason EPF has decided to liquidate all its Felda shares, incurring millions of losses in the process.

Mushiro: Did the Felda board approve taking a loan from Singapore. And that too from a non-finance company, Putra Star. What are the terms and what are the collateral?

Felda lost billions of ringgit in its core business, which is plantations. And now they are venturing into deal with Putra Star to fund the Felda New Generation Housing Programme.

There should be a limit to deliberate blunders.

Fair&Just: Now, the most very important things are the terms of the loan. Rafizi is correct in wanting to know what the terms are.

Will the terms be the selling off of land again or the rakyat will have to pay through their nose to settle these debts, on top of the 1MDB debts?

Worldly Wise: Singapore tolerates corruption outside their borders. Singapore must make it an offence for Singaporeans to engage in graft outside Singapore.

Japan has such laws. Singapore has a social responsibility to people outside Singapore. This will safeguard Singapore's long-term interests.


Anonymous 122461436161429: Obviously, the security for such a big loan can only be the land or the government guarantee.

The Felda settlers should rebel and revolt against what is being done to them, their land and their livelihood. It is another scam where the winners are Umno and the losers are Malaysians.



Read more: https://www.malaysiakini.com/news/369355#ixzz4VsXXjIOA

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Re: EPF
« Reply #76 on: January 21, 2017, 03:25:14 PM »



Saturday, 21 January 2017
Don’t use EPF money to buy computers

BY ANDREW LO







 Finance Ministry is considering a proposal by computer vendors to allow EPF contributors to withdraw their savings to buy personal computers. - File picture
Finance Ministry is considering a proposal by computer vendors to allow EPF contributors to withdraw their savings to buy personal computers. - File picture
 
I AM utterly disappointed that the Finance Ministry is considering a proposal by computer vendors to allow EPF contributors to withdraw their hard-earned retirement savings to purchase personal computers.

The vendors claim that computers are good investments. Excuse me, a computer and its software programmes are basically a tool that has a shelf life of three to five years before becoming obsolete.

In 2001, we had a computer purchase withdrawal scheme. It was stopped in 2002 after blatant abuses when people actually bought computer receipts.

I was very much against the scheme then. In my opinion, it doesn’t bode well for the country and our economic policies if Malaysians are so poor that they have to resort to their precious little retirement savings to buy what should be affordable computers, which are a basic necessity.

Of course, most people want to withdraw from EPF to buy computers and other gadgets, including my 16-year-old son who is angry with me over my views.

“It is contributors’ money. EPF has no right to stop you from withdrawing to buy the the latest gaming computer for me. If you do not have enough retirement savings, it is not EPF’s business,” my son told me.

Apparently, his view is similar to 95% of contributors, if we are to believe a recent survey where a vast majority wanted the option to withdraw all their EPF savings at age 55, even though the retirement age is extended to 60.

It seems to me that 95% of us make emotional decisions when it comes to our money and are our own worst enemy.

The fact that most of us want to withdraw as early as possible and for any reason does not make it the right thing to do.

Sure, EPF money is the members’ savings.

“EPF is my money and I know what to do with it. I should be allowed to withdraw it any time.”

Well, if not for EPF which makes it compulsory for you to save up to 11% of your salary each month and also compels employers to contribute up to another 13%, it is unlikely you will have any money in the EPF, or any other form of savings for your old age.

Saying it is your own money is not quite correct because employers contribute as well. To claim that we can do whatever we want with it should logically mean we should also be able to withdraw at any age, not just 55, and for any purpose.

That is terribly short-sighted. It seems that the authorities are completely oblivious to the dangers of premature withdrawal!

EPF is compulsory savings for retirement and old-age protection. EPF’s performance over the last 50 years has been one of the best among pension funds in the world, consistently paying dividends above inflation.

It has demonstrated resilience through various financial and economic crises.

On the other hand, the average contributor has less than RM120,000 in their savings. This is not sufficient to live on up to the average life expectancy of 79 years.

By 2060, 25% of Malaysians will be in the old-age group (above 65). Who is going to take care of them? You think you can depend on your children to take care of you?

Think again, your children can hardly take care of themselves. Neither should we depend on BR1M.

Old-age financial protection is a serious matter. We must to approach it in a rational and holistic manner and we must display responsible leadership on the issue.

On responsible leadership, allow me to use this quote of the late chief minister of Sarawak, Adenan Satem as my tribute to him:

“There are enforcement officers with eyes but are blind, with ears but deaf and with mouths but *. Some, of course, pretend that they do not know. The reason is simple: they are either stupid, cowards or corrupt.”

We must ensure that his words are not in vain

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Re: EPF
« Reply #77 on: January 31, 2017, 07:17:57 AM »



Malaysians Must Know the TRUTH
MONDAY, JANUARY 30, 2017

HARD TIMES FOR MALAYSIANS STARTING TO SHOW: ALLOW EMPLOYEES TO OPT OUT OF EPF TO EASE FINANCIAL BURDEN, URGES PCCCI

IPOH: To ease the financial burden of the people due to high cost of living, the Perak Chinese Chamber of Commerce and Industry (PCCCI) has proposed that the government consider allowing employees to opt out in the contribution of Employees Provident Fund savings for a year.
Chamber president Datuk Liew Sew Yee (pix) said looking at a working population of some 13 million with an average salary of RM2,000 a month, it is about RM6.24 billion a month.
“This adds up to the additional spending power injected into the market with extra cash,” he said at PCCCI’s Chinese New Year Open House here on Sunday.
“There is practically no cumbersome administrative effort needed to have the system executed,” he added.
Liew said although there will be arguments on foregoing the EPF contributions, it is just temporary.
“People and businesses have to survive, if they are unable to survive short term there is no long term plan to talk about,” he added.
Liew stressed while businesses are experiencing hardship, they would not want to face competition from business entities created by the Government and its agencies.

“This will result in unfair practices and prevent the private sector from additional investment to help the economy move forward.The Government should focus on implementing policies that facilitate the private sector growth especially in the current economic slowdown,” he added.
Liew also urged the Small and Medium Entrepreneurs to put in serious effort to embrace the new journey towards Industry 4.0 which is the current trend of automation and data exchange in manufacturing technologies and moving forward Industrial IOT (Internet of Things).
– Sundaily

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Re: EPF
« Reply #78 on: February 01, 2017, 08:15:32 PM »



No to EPF opt-out proposal, say economists
Sheith Khidhir Bin Abu Bakar | February 1, 2017
Mohamed Ghouse Nasuruddin and Yeah Kim Leng are opposed to the idea of allowing workers to stop saving for their retirement.
profGhaousePETALING JAYA: Two economists have spoken against a proposal to allow workers to opt out of contributing to the Employees Provident Fund (EPF).
Giving workers such a choice would be dangerous, said Mohamed Ghouse Nasuruddin, a professor at Universiti Sains Malaysia. It would be counterproductive, said Yeah Kim Leng of Sunway University.
The proposal was made recently by Liew See Yee, the president of the Perak Chinese Chamber of Commerce and Industry (PCCCI). A news report quoted him as saying that workers should be given the option of withholding their contributions to EPF. He said this might help them cope with the high cost of living and inject more money into the market.
Ghouse described the proposal as “very dangerous”.
“If you allow people access to their EPF savings, they may jeopardise their future just so they can satisfy their current needs,” he said.
Ghouse pointed out the difference between allowing a contributor to withdraw part of his savings to buy a house and allowing him to stop saving a portion of his salary.


“There’s investment in housing,” he said, “ but if you allow people to take what they ought to save and use it for the purpose of normal daily consumption, you’re exploiting them.”
He said the government should instead be considering what it could do to ensure that people could live a comfortable life.
“We should be looking at controlling prices, giving proper subsidies in terms of food stamps and ensuring a community kind of development with NGO involvement. The government should also cut down its spending.”
Yeah said Liew, in making his proposal, had apparently failed to consider long-term consequences.
“Exploring other options of supplementing income or living on a tighter budget would be wiser in the long term given that retirement savings are meant for your retirement,” he said.
However, he said he would agree to giving workers “in dire need” the option of not contributing, but only for a year.
An obvious implication of the proposal is that employers too would stop contributing to their workers’ savings. Referring to this, Yeah said if the government were to agree to the proposal, it should restrict the option to industries that were currently facing stiff competition as well as trying to cope with declining demand.

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Re: EPF
« Reply #79 on: February 04, 2017, 07:47:50 AM »



EPF Expected To Announce Dividend Rate Of At Least 6%
Alifah ZainuddinFriday, February 3, 2017
Image
A man is seen walking past a signboard depicting the EPF logo. The EPF is expected to announce a dividend rate of at least 6% for 2016 — despite the global headwinds, slower economic growth and lacklustre corporate earnings. (Pic by Muhd Amin Naharul/TMR)
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The Employees Provident Fund (EPF) is expected to announce a dividend rate of at least 6% for 2016 — despite the global headwinds, slower economic growth and lacklustre corporate earnings.


The country’s largest retirement fund recorded a total investment income of RM27.54 billion for the first nine months of 2016, 14.67% lower than the RM31.58 billion recorded over the same period in 2015.

The fund — which benefitted from the weak currency exchange — had announced a 6.4% dividend in 2015.

Areca Capital Sdn Bhd CEO Danny Wong Teck Meng said the dividend rate for 2016 should be more or less within the same range as in 2015.

“I think they are still growing in terms of their income. If returns are the same (as the previous year), the expectation is for EPF to maintain a similar dividend rate (as in 2015),” Wong told The Malaysian Reserve. With the inflation rate hovering at about 3% and based on the EPF Act 1991 — which requires the fund to give an annual dividend rate to be at least 2% above the inflation level — the retirement fund would face a challenge to deliver above 6.4% dividend to some 14.7 million members (6.83 million contributing members).

EPF recorded RM6.78 billion in income for the first-quarter of 2016 (1Q16), a 36.21% decline compared to RM10.63 billion posted in the same quarter of 2015. The 2Q16 income of RM8.4 billion was 26.04% lower year-on-year (YoY).

However, the fund’s 3Q16 investment income jumped to RM12.32 billion (a 29.21% YoY increase) due to the recovery in the equity market during the quarter.

Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said based on the volatility of both the equities and bonds markets last year, a similar dividend rate would be “a realistic expectation” on investment returns.

“At best, we could expect similar dividend rates for 2016. EPF needs to be mindful of its risks, which are mostly due to external factors.

“In that sense, there is a need to maintain a sufficient buffer in order to account for the unforeseeable event that could
adversely affect their investment strategy,” Mohd Afzanizam said in an emailed reply.

Amanah Saham Nasional Bhd — the country’s largest fund manager — had announced a dividend of 6.75 sen per unit for its flagship fund, Amanah Saham Bumiputera (ASB), for 2016. The rate was the lowest in ASB’s history since it was launched in 1990.

EPF’s 2015 6.4% dividend amounted to a total payout of RM38.24 billion. The increase was in tandem with the retirement fund’s growth in investment assets, which stood at RM684.53 billion as at end-2015.

In 2014, EPF paid a dividend of 6.75% with a payout of RM36.66 billion, the highest rate since 1999.

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Re: EPF
« Reply #80 on: February 11, 2017, 07:35:17 AM »



否认按政府指示卖英国资产
公积金局:趁高价释放价值
397点看 2017年2月10日
 

(吉隆坡10日讯)雇员公积金局(EPF)解释,脱售英国两项产业,是为了趁高价卖出以释放价值,并非按政府指示,以调回在外的资金,扶持令吉。


公积金局发文告澄清,部分所持房产价值已达到高点,目前是脱售获利的良机。

文告指该局不是按政府指示脱售英国资产,将资金带回国,以加强令吉汇率。

上月25日,《星报》引述消息,指公积金局正探讨脱售在英国的2产业,料获得达1亿英镑(约5.55亿令吉)的盈利,并指这是按政府指示,以调回资金,扶持令吉汇率。

公积金说:“脱售资产是我们其中的投资策略,以最大化投资回酬;而所得的资金将投资于其他产业,重新部署投资组合。”

文告说,国外投资策略不变,且寻求符合回酬目标的投资项目。

早前也有报道指,公积金公开脱售伦敦西敏的圣詹姆士广场(St James Square)和伦敦塔桥屋(Tower Bridge House)。

公积金于2011年8月,以1亿4750万英镑(约8.18亿令吉)购入圣詹姆士广场,过后每年租金回酬率为5.4%。

至于伦敦塔桥屋,也于同年以1亿6300万英镑(约9亿令吉)购入,回酬率达5.6%。根据消息,公积金局打算以2亿英镑(约11亿令吉)转手,意味着净回酬率仅4.75%。

谈及脱欧,公积金局指,目前过早判断其带来的影响,但会密切观察发展动向。

公积金局在英国和欧洲持有多项资产,包括办公楼、工业和物流房产资产,以及私人医疗业务。


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Re: EPF
« Reply #81 on: February 17, 2017, 12:11:28 PM »



2017-02-17 10:40
料保持6%左右.EPF明宣布派息率
雇员公积金局料在本周末宣布2016年全年派息率。

(图:马新社)
(吉隆坡16日讯)雇员公积金局料在本周末宣布2016年全年派息率。

广告
 

 
该局在2015年的派息率为6.4%,分红派息总额高达382亿4000万令吉。至于2016年,预料受到国内外市场疲弱情绪影响,股息会出现下跌的情况。

尽管受到种种经济挑战,但预料2016年的派息率仍能保持在6%左右。

《马新社》指出,几乎每一项退休或投资基金都因为原油价格大幅下跌、令吉疲弱和英国脱欧等状况,都面对不利的影响,所以雇员公积金局也不能幸免。

市场分析员认为,6%左右的派息率会是较为“体面”的报酬。他们也认为,EPF的外国投资项目组合达28至29%,但却能为带来39至40%的总收入,所以比国内的其他基金报酬来得好。

他也相信,外国投资项目将继续取得回酬。

但放眼看全球性的基金项目,利率的增长或是下跌,须依据全球经济走势。



11.3亿官司 国油赢蚬壳

广告

虽然在2016年第一季度,EPF状况处于一个相当困难的时期,但在下半年开始,第三季度的财务业绩开始回升。而第四季度的状况,会在下周一的新闻发布会上作出公布,也会在当天公布全年的财务业绩。

该预测也指,数年前的一份调查报告也显示,近94.74%的会员对EPF的服务态度表示满意。因此该预测认为,EPF将会以市场条件与会员利益为考虑因素下来拟定派息率。

文章来源:
星洲日报/财经‧2017.02.17

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Re: EPF
« Reply #82 on: February 18, 2017, 08:32:28 AM »



Friday, 17 February 2017
Tough for the EPF to repeat its dividend act
BY M. SHANMUGAM

image: http://www.thestar.com.my/~/media/online/2017/02/17/01/13/epf-copy.ashx/?w=620&h=413&crop=1&hash=44BB84643360553288D01E22726B27F437370B03
Other local funds have declared much lower dividends. Lembaga Tabung Haji’s basic dividend for 2016 was 4.25%. Permodalan Nasional Bhd’s Amanah Saham Bumiputera declared 6.75 sen per unit, while Amanah Saham Nasional declared five sen per unit.  Under such a scenario, anything that is close to a 6% dividend from the EPF is commendable.
Other local funds have declared much lower dividends. Lembaga Tabung Haji’s basic dividend for 2016 was 4.25%. Permodalan Nasional Bhd’s Amanah Saham Bumiputera declared 6.75 sen per unit, while Amanah Saham Nasional declared five sen per unit. Under such a scenario, anything that is close to a 6% dividend from the EPF is commendable.
 
LAST year when the Employees Provident Fund (EPF) declared a dividend of 6.4% for its contributors, it came as a pleasant surprise to most people.

The dividend, which is for its performance in 2015, was lower than the 6.75% declared in the previous year. But nobody quibbled over it. One reason was the bad over-riding sentiment during the month of February a year ago.

Crude oil prices had dipped below US$30 per barrel, dragging the ringgit along with them. Global stock markets roiled on concerns over China’s economy heading for a hard landing, while Britain and the United States were at a political crossroads.

The tumbling oil price and weakening ringgit against the US dollar was a drag on the Malaysian economy. Last year, the ringgit was volatile until Nov 11.

China devaluing its currency gradually was also of no help to the ringgit. As the yuan fell against the US dollar, the ringgit weakened.

Against the slew of bad news, the EPF’s dividend of 6.4% was viewed as rather commendable. However, one has to take cognisance of the fact that the dividend declared in February last year was based on the stock market’s performance in 2015.

In 2016, the local and global capital markets fared badly for most parts of the year. Wall Street only started to pick up and charge ahead after Nov 8 last year.

Hence, contributors should brace themselves for a dividend that could be lower than 6% this year. It will be tough for the EPF to declare a dividend anywhere near the numbers it announced last year or the previous years.

The writing is already on the wall. The EPF’s quarterly results are already indicating that the pension fund would be earning less from its investments.

In the first quarter, the EPF’s investment income fell 29.21% compared to the corresponding period in 2015, while in the second quarter, the investment income dropped 26.04%.

In the third quarter of last year, the EPF’s investment income of RM12.32bil was higher by 29.21% compared to the same period in 2015.

The final-quarter results should be out anytime soon. But one must note that while developed markets picked up after Donald Trump was elected as president of the US, emerging economies reeled due to the outflow of funds back to the US.

While Wall Street roared ahead with Trump’s economic stimulus plans, emerging markets suffered from volatility in the currencies. The ringgit was among the most volatile currencies until Bank Negara intervened on Nov 11.

By the end of last year, Bursa Malaysia once again closed the year in negative territory – the third time in a row.

A substantial amount of the EPF’s investments is in the local equities market. When Bursa does not do well, it affects the EPF’s investment income. Not only is its income affected, but the EPF also provides for the diminution in the value of its equities as part of adopting prudent accounting practices.

The provisions impact its profitability and hence its ability to pay out dividends.

In previous years, the EPF managed to do well because its overseas investments and assets made more than average returns. Based on historical numbers, the EPF’s investments overseas are less than 29% of its total portfolio, but the contribution to its total income was almost about 40%.

However, the global economic scenario was fairly steady in 2015. The US was on recovery mode, while Japan and Europe had embarked on a money-printing exercise to lift the flagging economies.

Last year started with crude oil falling below US$30 per barrel in January. Britain eventually voted to be out of the European Union in June, something that shocked global stock markets.

And finally, the US stock market was in a state of uncertainty until Nov 8 when the presidential election was over.

In a nutshell, the EPF would not have been able to do well in its overseas investments.

Last year, the corporate earnings of companies listed on Bursa were down by 10% on average, the first time it had fallen so much in recent years.

Other local funds have declared much lower dividends. Lembaga Tabung Haji’s basic dividend for 2016 was 4.25%. Permodalan Nasional Bhd’s Amanah Saham Bumiputera declared 6.75 sen per unit, while Amanah Saham Nasional declared five sen per unit.

Under such a scenario, anything that is close to a 6% dividend from the EPF is commendable


Read more at http://www.thestar.com.my/business/business-news/2017/02/17/tough-for-the-epf-to-repeat-its-dividend-act/#CRyxbPGHxAO4Pee5.99

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Re: EPF
« Reply #83 on: February 18, 2017, 11:58:23 AM »
pun dek leow
this year less than 6.4 % dividend

accoding to Dr Kimmy , is peanut only

but to us 6.4 % is damnnnnn  blooooordy good leow

 :S :S :S :S :S :S :S :S :S :S :S :S :S :S :S :S :S
I heard dr kimmy lost alot of monies

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Re: EPF
« Reply #84 on: February 18, 2017, 05:57:37 PM »
This yr dividen still no news?

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Re: EPF
« Reply #85 on: February 18, 2017, 07:01:29 PM »



EPF to declare dividend rate next Monday
2016-02-16 18:49

The Employees' Provident Fund (EPF) is expected to declare the dividend rate for 2015 next Monday.

PETALING JAYA, Feb 16 (Sin Chew Daily) -- The Employees' Provident Fund (EPF) is expected to declare the dividend rate for 2015 next Monday.
EPF told it would send out invitations to the media this Friday for a media briefing on February 22 (Monday).
EPF deputy chief executive officer (investment) Datuk Mohamad Nasir Ab Latif said earlier the 2015 dividend rate would be declared after the Chinese New Year holidays, and that the rate was expected to be good.
EPF dividend rates for the past six years:
2009: 5.65%
2010: 5.8%
2011: 6.0%
2012: 6.15%
2013: 6.35%
2014: 6.75%
- See more at: http://www.mysinchew.com/node/113124/tid=13#sthash.yRwV60c0.dpuf

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Re: EPF
« Reply #86 on: February 18, 2017, 08:48:26 PM »



官方
公積金派息5.7% 2015年是6.4%
 3013点阅   2017年2月18日
20170219fb97

(吉隆坡18日訊)僱員公積金局(EPF)今晚宣佈,2016年公積金派息率為5.7%,比2015年的6.4%減少0.7%;2016年總派息額高達370億8000萬令吉。



該局在過去年10年的派息分別是2015年6.4%、2014年6.75%、2013年6.35%、2012年6.15%、2011年6.0%、2010年5.80%、2009年5.65%、2008年4.50%、2007年5.80%及2006年5.15%。

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Re: EPF
« Reply #87 on: February 18, 2017, 08:57:03 PM »



EPF派息5.7%
2113点看 2017年2月18日
(吉隆坡18日讯)大马雇员公积金局公布2016年派息率为5.7%。

公积金局在2015年的派息率为6.40%,2014年派息率为6.75%,而2013年为6.35%。


大马雇员公积金局在晚间发文告,财政部已批准该局的派息率,随着2016年派息率为5.7% ,该局的分红派息总额为370亿8000万令吉。

早前,雇员公积金局总执行长拿督沙里尔已说明,希望公积局的会员能了解到目前许多国内外长期投资基金都因为国内外经济不景气而受到影响,尽管如此,雇员公积金局仍然能够达到最低的“通胀率+2%”的目标。


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Re: EPF
« Reply #88 on: February 18, 2017, 09:09:08 PM »



EPF declares 5.7 percent dividend for 2016
 epf
 0 comments     Published Today 8:41 pm     Updated Today 8:44 pm

60
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The Employees Provident Fund (EPF) has declared a 5.7 per cent dividend for 2016, with the total payout amounting to RM37.08 billion, a commendable achievement in view of the much tougher market environment.

The dividend declared for 2015 was 6.4 percent.

Chairperson 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 at least 2.0 per cent real dividend on a rolling three-year basis.

"As a retirement savings fund, the EPF always emphasises on sustainability of returns over the long term horizon as opposed to short term gains.

"This is a commendable achievement in view of the much tougher market environment. For 2016, the rolling three-year real dividend was 3.83 per cent, 183 basis points above the target," he added, in a statement here today.

During the year, the EPF faced a challenging investment climate due to unsettling events such as Brexit and the US Presidential elections.

In retrospect, the EPF was operating on the back of slower global growth while navigating between changes in the monetary policies in major economies, the slump in crude oil prices, weaker domestic currency, and large-scale outflow of capital from emerging market economies to developed economies and safe haven currencies, said Samsudin.

"As the majority of the world markets declined at the beginning of the year, the EPF’s performance was also affected. However, we ramped up our profit-taking activities in the second quarter (Q2 2016) onwards to ensure that we met our strategic targets," he added.

The dividend payout for 2016 is higher than the payout amount in 2014 even though the dividend rate declared then was higher at 6.75 per cent.

Samsudin said the payout amount required for one per cent dividend in 2016 was RM6.51 billion, higher compared with RM5.43 billion in 2014.

The payout amount required for every one per cent dividend rate has been growing at 9.5 per cent annually since 2001 in tandem with the growth of members’ savings balance for the same period.

"It is worth mentioning that after the 2008 global financial crisis, the EPF had distributed RM236.07 billion in dividend to its members," Samsudin said.

The dividend payout was derived from total realised income after deducting the net impairment on financial assets, unrealised losses due to foreign exchange rate and derivative prices, investment expenses, operating expenditures, statutory charges as well as dividend on withdrawals.

Commenting on the economic climate in 2017, Samsudin said market volatility remains a concern as the real implications of Brexit and clear policy direction from the Trump-led administration have yet to unfold.

"Our diversification strategy has proved to serve us well throughout the years, especially during difficult times.

"Moving forward we will continue to increase our exposure to alternative investment, particularly in Real Estate and Infrastructure, in line with our objective as a longterm investor to provide consistent returns for our members.

"This asset class also serves as a natural hedge against inflation," he said.


Beginning 2017, the EPF’s performance results will be broken down by Conventional Savings and Shariah Savings for the quarterly and annual results announcement.

As at Dec 23, 2016, a total of 635,037 members had switched to Shariah Savings with RM59.03 billion of the initial RM100 billion fund allocation taken up.

Members can check their EPF account statement for the crediting of the 2016 dividend starting Feb 19, 2017, through i-Akaun via the myEPF website at www.kwsp.gov.my.

Alternatively, members can also obtain their statement at EPF kiosks or visit any EPF branches nationwide.



Read more: https://www.malaysiakini.com/news/372971#ixzz4Z2bZQm9i

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Re: EPF
« Reply #89 on: February 19, 2017, 08:18:12 AM »



2016年:5.7%
公积金派息6年新低
325点看 2017年2月19日
 
公积金局强调的是长期及可持续性收益,而不是短期获利。

(吉隆坡18日讯)虽然面对恶劣的投资大环境,大马雇员公积金局今晚宣布2016年派息率为5.7%,较2015年低0.7%,也是6年新低。


公积金局在2015年的派息率为6.40%,而2014年派息率为6.75%

去年的分红派息总额为370亿8000万令吉。

大马雇员公积金局主席丹斯里三苏丁说,对于该局能够持续维持超过其每年至少2.5%名目利息(nominal dividend )及连续3年至少2%的实际利息(real dividend)的两大投资目标战略,感到高兴。

“作为退休储蓄基金,公积金局强调的是长期及可持续性收益,而不是短期获利。”

“鉴于市场环境更加恶劣,这是一个值得嘉许的成就。在2016年,连续3年的实际利息为3.83%,比目标高出183个基点。”

三苏丁在文告中说,在过去一年,公积金局面对充满挑战及动荡的投资环境,诸如英国脱欧及美国总统选举等。

“回想起来,公积金局在全球经济增长放缓的情况下运行,全球主要经济体的货币政策出现变化、原油价格下跌、国内货币走弱以及资本从新兴市场经济体向发达经济体大规模外流以建立经济及货币避风港。

“由于大部分全球市场在年初出现下滑,公积金局的投资表现也受到影响。 然而,我们在去年第二季提高了盈利投资以确保我们可以达到战略目标。”

去年支付利息金额比2014年高

三苏丁说,尽管2014年的派息率为6.75%,但2016年的利息支付金额比2014年来得高。

他说,在2016年,1%利息所需的支付金额为65.1亿令吉,高于2014年的54.3亿令吉,虽然当年派息高达6.75%.

“自2001年來,随着会员存款盈余的增长,公积金局每1%利息所需要支付的数额,按年增长9.5%。

“值得一提的是,自2008年全球金融危机后,公积金局已累积向会员派息2360.7亿令吉。”

分红是来自扣除金融资产的净损失、外汇汇率和衍生品价格的账面亏损、投资费用、营业支出、法定费用以及提现股息后的总实际收入。

英脱欧冲击及美总统特朗普
对市场真正冲击还未浮现

谈到2017年的经济情况,三苏丁说,市场的动荡仍然是一个关注点,因为英国脱欧带来的冲击及美国总统特朗普政府的真正影响,仍未真正浮现。

“我们的多元分散投资战略已其可取之处,特别是在困难时期。

“展望未来,我们将继续增加替代投资,特别是在房地产和基础设施方面,这符合我们作为长期投资者,为会员提供稳定回酬的目标。

“这些资产也可作为抵消通货膨胀的冲击。”

季度及年度报告以两种形式区分

从今年起,公积金局的季度及年度表现报告将以传统公积金及回教公积金两种形式区分。

截至2016年12月23日,共63万5037名会员转入回教公积金,回教公积金初始基金为1000亿令吉,目前已用了590.3亿令吉。

会员们即日起也可透过公积金局网站(www.kwsp.gov.my)检查本身账户,或从2月19日起到该局柜台咨询了解公积金局派息。




Offline jamesbond47

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Re: EPF
« Reply #90 on: February 19, 2017, 12:12:28 PM »
So less, next year cham la.

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Re: EPF
« Reply #91 on: February 19, 2017, 08:22:49 PM »



Najib: EPF 5.6 pct dividend good enough
 najibabdulrazak epf
 17 comments      Bernama     Published Today 7:15 pm     Updated Today 7:19 pm

216
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The 5.70 per cent dividend rate announced by the Employees Provident Fund (KWSP) for 2016 is good enough given the challenging conditions in the global economy last year, which has caused many countries to record slow economic growth.

Prime Minister Najib Abdul Razak said the economic uncertainty and changes of policies and leadership in Europe, United States and other countries
had also affected global investments.


"Alhamdulillah, EPF has announced a dividend rate of 5.70 per cent with total payout amounting to RM37.08 billion for its contributors for 2016.

"Congratulations to all EPF staff for ensuring good returns from its investments for better retirement benefits of the contributors," he said in his latest blog posting today.



Yesterday, the EPF declared a divided rate of 5.70 per cent for 2016 with the total payout amounting to RM37.08 billion.

The dividend payout for 2016 is higher than the payout amount in 2014 even though the dividend rate declared then was higher at 6.75 per cent.

- Bernama



Read more: https://www.malaysiakini.com/news/373030#ixzz4Z8GQJUZb

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Re: EPF
« Reply #92 on: February 19, 2017, 08:26:17 PM »



Malaysians Must Know the TRUTH
SUNDAY, FEBRUARY 19, 2017

EPF BOOKS SHOCK RM8.17BIL LOSS DUE TO PLUNGING SHARE MARKET

KUALA LUMPUR – The Employees Provident Fund (EPF), which declared a dividend rate of 5.70 per cent for 2016, had recognised net impairment amounting to RM8.17bil, compared with RM3.0bil in 2015 due to weaker equities market and slump in crude oil prices.
In a statement issued on Saturday, it said that in accordance with the Malaysian Financial Reporting Standards (MFRS 139), the net impairment was to reflect the lower equity prices, particularly in the domestic banking sector and oil & gas sectors in both the domestic and foreign markets.
EPF chairman Tan Sri Samsudin Osman said: “The FTSE Bursa Malaysia KLCI, which has almost 33% exposure to the banking sector, yielded negative return for the third consecutive year, closing the year with -3% in return.
“This affected valuations of listed assets held by the EPF as more than 70 per cent of our total investment asset is invested domestically. On the global front, the crude oil prices tumbled to as low as US$30 per barrel, affecting the valuation of oil & gas listed companies.
“Therefore, as a prudent retirement savings fund, it is imperative to factor in such mark-to-market losses on our income statement.”
Samsudin said in accordance with MFRS 139, the EPF is required to recognise net impairment amounting to RM8.17bil to reflect the lower equity prices, particularly in the domestic banking sector and oil & gas sectors in both the domestic and foreign markets.
“Nonetheless, the EPF’s investment assets stood at RM731.11bil as at  Dec 31, 2016 while total members’ savings was RM704.27bil, indicating the healthiness of EPF’s investment portfolio,” it said.
Outlining the EPF’s strategy due to the market volatility ahead, Samsudin said the EPF would invest more in alternative investment, particularly in real estate and infrastructure.
On the economic climate for 2017, Samsudin said “market volatility remains a concern as the real implications of Brexit and clear policy direction from the Trump-led administration have yet to unfold”.
“Our diversification strategy has proved to serve us well throughout the years, especially during difficult times, and moving forward we will continue to increase our exposure to alternative investment, particularly in Real Estate and Infrastructure, in line with our objective as a long-term investor to provide consistent returns for our members.
“This asset class also serves as a natural hedge against inflation,” Samsudin said.
Below is the statement issued by the EPF:
EPF declares 5.70% dividend for 2016
Sustained fund performance amid volatile market environment
KUALA LUMPUR, 18 February 2017: The Employees Provident Fund (EPF), with the approval of the Minister of Finance, today declared a dividend rate of 5.70 per cent for 2016, with a total payout amounting to RM37.08 billion.
Chairman Tan Sri Samsudin Osman said, “We are pleased that we have been able to consistently exceed our two strategic investment targets of at least 2.5 per cent nominal dividend on a yearly basis and at least 2.0 per cent real dividend on a rolling three-year basis. As a retirement savings fund, the EPF always emphasises on sustainability of returns over the long term horizon as opposed to short term gains.”
The EPF recorded RM46.56 billion in gross investment income in 2016, an increase of 5.25 per cent compared with the RM44.23 billion recorded in 2015. This is the highest gross investment income ever recorded since the establishment of the EPF in 1951 and the amount has been growing annually at 11.1 per cent since 2001.

This is a commendable achievement in view of the much tougher market environment. For 2016, the rolling three-year real dividend was 3.83 per cent, 183 basis points above the target.
During the year, the EPF faced challenging investment climate due to unsettling events such as Brexit and the US Presidential elections. In retrospect, the EPF was operating on the back of slower global growth while navigating between changes in the monetary policies in major economies, the slump in crude oil prices, weaker domestic currency, and large-scale outflow of capital from emerging market economies to developed economies and safe haven currencies.
“As the majority of the world markets declined at the beginning of the year, the EPF’s performance was also affected. However, we ramped up our profit-taking activities in the second quarter (Q2 2016) onwards to ensure that we meet our strategic targets,” Tan Sri Samsudin said.
During the year under review, Equities continued to be the main contributor of income with 57.68 per cent amounting to RM26.85 billion, up 3.23 per cent compared with RM26.01 billion in 2015.
The EPF’s investments in fixed income instruments comprising Malaysian Government Securities & Equivalent and Loans & Bonds in total contributed 34.87 per cent, or RM16.23 billion, of the RM46.56 billion investment income for the year.
Real Estate & Infrastructure asset class contributed RM2.49 billion in investment income in 2016 with annual growth of 46.04 per cent compared with 2015, while Money Market Instruments contributed RM982.28 million of income during the year.
At a time when the local bonds and equities market underperformed, the EPF’s diversification into global assets and currencies has allowed it to realise profits from different markets over the past year, which helped to boost performance.
Overseas investment, which made up about 29 per cent of total investment assets, contributed 39 per cent of the EPF’s gross investment income throughout the year, thus enhancing the overall returns of EPF’s investment portfolio.
Tan Sri Samsudin said, “The FTSE Bursa Malaysia KLCI, which has almost 33 per cent exposure to the banking sector, yielded negative return for the third consecutive year, closing the year with -3.00 per cent in return. This affected valuations of listed assets held by the EPF as more than 70 per cent of our total investment asset is invested domestically. On the global front, the crude oil prices tumbled to as low as USD30 per barrel, affecting the valuation of oil & gas listed companies.  Therefore, as a prudent retirement savings fund, it is imperative to factor in such mark-to-market losses on our income statement.”
In accordance with the Malaysian Financial Reporting Standards (MFRS 139), the EPF is required to recognise net impairment amounting to RM8.17 billion, compared with RM3.07 billion in 2015 to reflect the lower equity prices, particularly in the domestic banking sector and oil & gas sectors in both the domestic and foreign markets.
Nonetheless, the EPF’s investment assets stood at RM731.11 billion as at 31 December 2016 while total members’ savings was RM704.27 billion, indicating the healthiness of EPF’s investment portfolio.
As at 31 December 2016, a total of 48.58 per cent of the EPF investment asset was invested in fixed income instruments and 42.33 per cent in Equities, while the remaining 4.03 per cent and 5.06 per cent were in Real Estate & Infrastructure and Money Market Instruments respectively. Therefore, it is natural that the EPF’s investment performance to be skewed towards fixed income returns.
The dividend payout for 2016 is higher than the payout amount in 2014 even though the dividend rate declared in 2014 was higher at 6.75 per cent.  This is following the payout amount required for one (1) per cent dividend in 2016 was RM6.51 billion, higher compared with RM5.43 billion in 2014. The payout amount required for every one (1) per cent dividend rate has been growing at 9.5 per cent annually since 2001 in tandem with the growth of members’ savings balance for the same period.
“It is worth mentioning that after the 2008 global financial crisis, the EPF has distributed RM236.07 billion in dividend to its members,” Tan Sri Samsudin said.

The dividend payout was derived from total realised income after deducting the net impairment on financial assets, unrealised losses due to foreign exchange rate and derivative prices, investment expenses, operating expenditures, statutory charges as well as dividend on withdrawals.
Meanwhile, the EPF remains prudent in its expenses as indicated by the consistency in its key financial ratios, including the cost to asset under management (AUM) of 0.25 per cent (2015: 0.26 per cent), cost to gross income of 2.56 per cent (2015: 2.68 per cent) and cost to total asset of 0.16 per cent (2015: 0.17 per cent).
Commenting on the economic climate in 2017, Tan Sri Samsudin said market volatility remains a concern as the real implications of Brexit and clear policy direction from the Trump-led administration have yet to unfold.
“Our diversification strategy has proved to serve us well throughout the years, especially during difficult times, and moving forward we will continue to increase our exposure to alternative investment, particularly in Real Estate and Infrastructure, in line with our objective as a long-term investor to provide consistent returns for our members. This asset class also serves as a natural hedge against inflation.”
Beginning 2017, the EPF’s performance results will be broken down by Simpanan Konvensional and Simpanan Shariah for the quarterly and annual results announcement. As at 23 December 2016, a total of 635,037 members have switched to Simpanan Shariah, with RM59.03 billion of the initial RM100 billion fund allocation taken up.
Members can check their EPF account statement for the crediting of the 2016 dividend starting Sunday, 19 February 2017, through i-Akaun via the myEPF website at http://www.kwsp.gov.my/portal/ms/web/kwsp/homeAlternatively, members can also obtain their statement at EPF kiosks or visit any EPF branches nationwide.
– ANN

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Re: EPF
« Reply #93 on: February 19, 2017, 08:37:11 PM »



国內  2017年02月19日
经济不明朗 公积金派息5.7%算良好

经济不明朗 公积金派息5.7%算良好
公积金局週六宣佈2016年派息5.7%,比过去2年都来得低。

报导:林蕙颖

(吉隆坡19日讯)  公积金局週六宣布2016年派息为5.7%,这个数字比过去2年都来得低,但经济学者认为,当前整体经济不明朗的情况下,5.7%派息率算是不错的表现。

资深经济学家白文春表示,由於我国2016年的全年经济成长率放缓至4.2%,公司的收入及盈利在这两年因成本增加而受到严重打击,因此5.7%派息已经是很好的表现。

他在接受《东方日报》电访时说,公积金局今年的收入主要是房地產及基础建设的贡献,这方面的收入增加40%;不过,有意投资的消费者,却未必能「照版煮碗」,复製公积金局的投资模式,因为公积金局的某些投资其实是海外投资。


经济学家白文春:5.7%派息已算良好的表现。
经济学家白文春:5.7%派息已算良好的表现。

此外,公积金局今年开始分成伊斯兰公积金户头及普通公积金户头。至於此举会否让普通公积金的派息更为走低,他则表示,这仍然有待观察。

「去年股市的投资收入较低,只增加3%,这也符合目前经济放缓的情况。公积金局的房地產,主要是在伦敦的一些房產,因为价格增值及货幣上涨的关係,脱售后的收入较多。」

他补充,这还需要持续观察,了解公积金局的投资策略如何,才能下定论。」

大马职工总会(MTUC)主席阿都哈林则接受《东方日报》电访时说,大马职工总会曾聆听公积金局的匯报,而去年许多领域的投资环境其实非常差。

「我们也不能怪他们,因为这已经是很好的成绩了,真的已经是没话说了。」

不过,他也建议,公积金局可以考虑进军外匯、债券、股市以外的其他领域,比如说每个公积金会员都有买房的需要,因此可以考虑进军房屋发展市场。

「如果公积金局是其中一个房屋发展商,其实他们是有真正的市场的。公积金局应该要对这种机会保持高度敏感,不要只是寄望在过去的投资领域。」

大马职工总会主席阿都哈林:不责怪公积金局。
大马职工总会主席阿都哈林:不责怪公积金局。

公积金局从2011年起的派息率都超过6%,其中派息率最高的是2014年的6.75%。目前的派息率可说是回到2010年水平,当时派息率为5.8%。

公积金局在週六发出的文告中指出,2016年投资环境別具挑战,除了英国脱欧及美国总统选举的因素,还需面对油价下跌、令吉疲软、外资撤离发展中国家等状况,而多元化的投资策略也证实奏效

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Re: EPF
« Reply #94 on: February 20, 2017, 07:01:27 AM »



Saturday, 18 February 2017 | MYT 10:43 PM
EPF recognises net impairment of RM8.17b in 2016, targets real estate for growth
image: http://www.thestar.com.my/~/media/online/2015/08/28/04/41/epf28aug15.ashx/?w=620&h=413&crop=1&hash=3C519EB0C55F1B964C8A6A2DE66AF7D46645EE2A

 
KUALA LUMPUR: The Employees Provident Fund (EPF), which declared a dividend rate of 5.70 per cent for 2016, had recognised net impairment amounting to RM8.17bil, compared with RM3.0bil in 2015 due to weaker equities market and slump in crude oil prices.

In a statement issued on Saturday, it said that in accordance with the Malaysian Financial Reporting Standards (MFRS 139), the net impairment was to reflect the lower equity prices, particularly in the domestic banking sector and oil & gas sectors in both the domestic and foreign markets.

EPF chairman Tan Sri Samsudin Osman said: “The FTSE Bursa Malaysia KLCI, which has almost 33% exposure to the banking sector, yielded negative return for the third consecutive year, closing the year with -3% in return.

"This affected valuations of listed assets held by the EPF as more than 70 per cent of our total investment asset is invested domestically. On the global front, the crude oil prices tumbled to as low as US$30 per barrel, affecting the valuation of oil & gas listed companies. 

"Therefore, as a prudent retirement savings fund, it is imperative to factor in such mark-to-market losses on our income statement.”

Samsudin said in accordance with MFRS 139, the EPF is required to recognise net impairment amounting to RM8.17bil to reflect the lower equity prices, particularly in the domestic banking sector and oil & gas sectors in both the domestic and foreign markets.

“Nonetheless, the EPF’s investment assets stood at RM731.11bil as at  Dec 31, 2016 while total members’ savings was RM704.27bil, indicating the healthiness of EPF’s investment portfolio,” it said.

Outlining the EPF’s strategy due to the market volatility ahead, Samsudin said the EPF would invest more in alternative investment, particularly in real estate and infrastructure.

On the economic climate for 2017, Samsudin said “market volatility remains a concern as the real implications of Brexit and clear policy direction from the Trump-led administration have yet to unfold”.

“Our diversification strategy has proved to serve us well throughout the years, especially during difficult times, and moving forward we will continue to increase our exposure to alternative investment, particularly in Real Estate and Infrastructure, in line with our objective as a long-term investor to provide consistent returns for our members.

“This asset class also serves as a natural hedge against inflation," Samsudin said.

Below is the statement issued by the EPF:

EPF declares 5.70% dividend for 2016

Sustained fund performance amid volatile market environment

KUALA LUMPUR, 18 February 2017: The Employees Provident Fund (EPF), with the approval of the Minister of Finance, today declared a dividend rate of 5.70 per cent for 2016, with a total payout amounting to RM37.08 billion.

Chairman Tan Sri Samsudin Osman said, “We are pleased that we have been able to consistently exceed our two strategic investment targets of at least 2.5 per cent nominal dividend on a yearly basis and at least 2.0 per cent real dividend on a rolling three-year basis. As a retirement savings fund, the EPF always emphasises on sustainability of returns over the long term horizon as opposed to short term gains.”

The EPF recorded RM46.56 billion in gross investment income in 2016, an increase of 5.25 per cent compared with the RM44.23 billion recorded in 2015. This is the highest gross investment income ever recorded since the establishment of the EPF in 1951 and the amount has been growing annually at 11.1 per cent since 2001.

This is a commendable achievement in view of the much tougher market environment. For 2016, the rolling three-year real dividend was 3.83 per cent, 183 basis points above the target.

During the year, the EPF faced challenging investment climate due to unsettling events such as Brexit and the US Presidential elections. In retrospect, the EPF was operating on the back of slower global growth while navigating between changes in the monetary policies in major economies, the slump in crude oil prices, weaker domestic currency, and large-scale outflow of capital from emerging market economies to developed economies and safe haven currencies.

“As the majority of the world markets declined at the beginning of the year, the EPF’s performance was also affected. However, we ramped up our profit-taking activities in the second quarter (Q2 2016) onwards to ensure that we meet our strategic targets,” Tan Sri Samsudin said.

During the year under review, Equities continued to be the main contributor of income with 57.68 per cent amounting to RM26.85 billion, up 3.23 per cent compared with RM26.01 billion in 2015.

The EPF’s investments in fixed income instruments comprising Malaysian Government Securities & Equivalent and Loans & Bonds in total contributed 34.87 per cent, or RM16.23 billion, of the RM46.56 billion investment income for the year.

Real Estate & Infrastructure asset class contributed RM2.49 billion in investment income in 2016 with annual growth of 46.04 per cent compared with 2015, while Money Market Instruments contributed RM982.28 million of income during the year.

At a time when the local bonds and equities market underperformed, the EPF’s diversification into global assets and currencies has allowed it to realise profits from different markets over the past year, which helped to boost performance.

Overseas investment, which made up about 29 per cent of total investment assets, contributed 39 per cent of the EPF’s gross investment income throughout the year, thus enhancing the overall returns of EPF’s investment portfolio.

Tan Sri Samsudin said, “The FTSE Bursa Malaysia KLCI, which has almost 33 per cent exposure to the banking sector, yielded negative return for the third consecutive year, closing the year with -3.00 per cent in return. This affected valuations of listed assets held by the EPF as more than 70 per cent of our total investment asset is invested domestically. On the global front, the crude oil prices tumbled to as low as USD30 per barrel, affecting the valuation of oil & gas listed companies.  Therefore, as a prudent retirement savings fund, it is imperative to factor in such mark-to-market losses on our income statement.”


In accordance with the Malaysian Financial Reporting Standards (MFRS 139), the EPF is required to recognise net impairment amounting to RM8.17 billion, compared with RM3.07 billion in 2015 to reflect the lower equity prices, particularly in the domestic banking sector and oil & gas sectors in both the domestic and foreign markets.

Nonetheless, the EPF’s investment assets stood at RM731.11 billion as at 31 December 2016 while total members’ savings was RM704.27 billion, indicating the healthiness of EPF’s investment portfolio.

As at 31 December 2016, a total of 48.58 per cent of the EPF investment asset was invested in fixed income instruments and 42.33 per cent in Equities, while the remaining 4.03 per cent and 5.06 per cent were in Real Estate & Infrastructure and Money Market Instruments respectively. Therefore, it is natural that the EPF’s investment performance to be skewed towards fixed income returns.

The dividend payout for 2016 is higher than the payout amount in 2014 even though the dividend rate declared in 2014 was higher at 6.75 per cent.  This is following the payout amount required for one (1) per cent dividend in 2016 was RM6.51 billion, higher compared with RM5.43 billion in 2014. The payout amount required for every one (1) per cent dividend rate has been growing at 9.5 per cent annually since 2001 in tandem with the growth of members’ savings balance for the same period.

“It is worth mentioning that after the 2008 global financial crisis, the EPF has distributed RM236.07 billion in dividend to its members,” Tan Sri Samsudin said.

The dividend payout was derived from total realised income after deducting the net impairment on financial assets, unrealised losses due to foreign exchange rate and derivative prices, investment expenses, operating expenditures, statutory charges as well as dividend on withdrawals.

Meanwhile, the EPF remains prudent in its expenses as indicated by the consistency in its key financial ratios, including the cost to asset under management (AUM) of 0.25 per cent (2015: 0.26 per cent), cost to gross income of 2.56 per cent (2015: 2.68 per cent) and cost to total asset of 0.16 per cent (2015: 0.17 per cent).

Commenting on the economic climate in 2017, Tan Sri Samsudin said market volatility remains a concern as the real implications of Brexit and clear policy direction from the Trump-led administration have yet to unfold.

“Our diversification strategy has proved to serve us well throughout the years, especially during difficult times, and moving forward we will continue to increase our exposure to alternative investment, particularly in Real Estate and Infrastructure, in line with our objective as a long-term investor to provide consistent returns for our members. This asset class also serves as a natural hedge against inflation.”

Beginning 2017, the EPF’s performance results will be broken down by Simpanan Konvensional and Simpanan Shariah for the quarterly and annual results announcement. As at 23 December 2016, a total of 635,037 members have switched to Simpanan Shariah, with RM59.03 billion of the initial RM100 billion fund allocation taken up.

Members can check their EPF account statement for the crediting of the 2016 dividend starting Sunday, 19 February 2017, through i-Akaun via the myEPF website at http://www.kwsp.gov.my/portal/ms/web/kwsp/home
Alternatively, members can also obtain their statement at EPF kiosks or visit any EPF branches nationwide


Read more at http://www.thestar.com.my/business/business-news/2017/02/18/epf-recognises-net-impairment-of-rm8pt17b-in-2016-targets-real-estate-for-growth/#iblVyfeAfxUT63Fz.99

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Re: EPF
« Reply #95 on: February 20, 2017, 08:15:07 AM »



EPF's 2016 dividend tops average return of sovereign wealth funds
Posted on 20 February 2017 - 05:40am
Print
KUALA LUMPUR: The Employees Provident Fund (EPF) has delivered good results despite the challenging global financial markets in 2016 to outperform the average return of sovereign wealth funds (SWFs).

The EPF paid out a 5.7% dividend for 2016 whereas the average return of SWFs was 4.2% last year, according to IQI Group Holdings chief economist/investment strategist, Shan Saeed.

“If I were to compare the EPF’s performance with other funds such Qatar’s state-owned sovereign wealth fund, the Qatar Investment Authority, the largest US public pension fund, California Public Employees’ Retirement System, and the Government Pension Fund of Norway, the EPF has done considerably well with dividend payments and lived up to the promise to its contributors,” he said.

On the EPF’s dividend announcement on Saturday, Shan said the pension fund’s management has demonstrated professionalism and financial market acumen in delivering good results.

“The reason is that the EPF is well diversified in various asset classes and regions which are mandatory requirements for smart asset portfolio strategy,” said Shan.

With the alchemy of finance changing at a fast pace and equity/bond markets getting volatile due to new norms, Shan said, the EPF should look at its long- and short-term horizons between strategic and tactic assets allocation.

“The EPF has to be aware of the dynamic variables that change the norms. Geopolitical risks have become the biggest factor having impact on global financial markets,” he said.

Shan said as most SWFs are chasing returns as markets are getting more turbulent, the key strategy for them would be to keep revisiting their asset portfolio strategy and aligning it according to market forces.

SWFs globally hold US$8.2 trillion (RM36.5 trillion) in assets, and 29% of those are held in real estate.

Real estate has become the new global currency, he said.

Meanwhile, the Malaysian Institute of Economic Research said the 5.70% dividend rate declared by the EPF for 2016 is reasonable, given the uncertainty in the economy, both globally and locally.

Its executive director, Dr Zakariah Abdul Rashid, said the rate is lower than the previous year’s as the local equity market underperformed.
“About 70% of the EPF’s total investment assets are domestic-based, especially in equities, but market was not good last year.

“Thanks to the EPF’s diversification, its overseas investments, which made up about 29% of total investment assets, contributed 39% of the gross investment income last year,” he said.

Zakariah said the EPF’s current management has demonstrated discipline and professionalism in line with its objective as a long-term investor to provide consistent returns for the members.

He added that it will be interesting to check the pension fund’s performance for 2017, as that beginning from this year, the results will be broken down into conventional savings and syariah savings for the quarterly and annual results announcements. – Bernama

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Re: EPF
« Reply #96 on: February 20, 2017, 04:18:44 PM »



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Malaysia's EPF says impairment seen lower as KLCI tops 1,700pts
By Supriya Surendran / theedgemarkets.com   | February 20, 2017 : 2:08 PM MYT   
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KUALA LUMPUR (Feb 20): Malaysia's Employees Provident Fund (EPF) said the FBM KLCI at above 1,700 points augured well for the EPF as the funds' net asset impairment will drop as share prices rise.

EPF chief executive officer Datuk Shahril Ridza Ridzuan said of the RM8.17 billion impairment registered by the fund in 2016, RM8.05 billion was from listed equities.

"However this year, we are seeing signs of increased activity and interest in Bursa Malaysia; looking at the fact that the KLCI is now at 1,700 (levels), so if the (index) improves or holds steady, we may see impairments go down as we have already booked in most of the impairments.

"So if impairments go down and gross investment income remains stable, we will be okay for this year; whether it is a 6% dividend, it will depend on the performance (of Bursa Malaysia). The EPF pays out essentially all the realised income it creates, so there's no issue of keeping anything in the reserves and things like that because the payout is almost 100%," Shahril said.

He was speaking at a media briefing today on the EPF's 2016 investment performance and dividend.

Shahril said the impairment was one of the main reasons the EPF declared a lower dividend at 5.7% in 2016 compared to 6.4% in 2015.

According to him, the EPF's RM8.17 billion impairment is the highest for the fund to date. In 2015, the EPF's impairment stood at RM3.07 billion

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Re: EPF
« Reply #97 on: February 21, 2017, 06:38:41 AM »



Monday, 20 February 2017 | MYT 12:46 PM
EPF: Higher dividends if markets recover
BY AFIQ ISA

image: http://www.thestar.com.my/~/media/online/2016/12/27/05/44/epf-logo-271216.ashx/?w=620&h=413&crop=1&hash=02958F10E1EF6550916B7652EDE8E4BB8602DF2D

 
KUALA LUMPUR : The Employees' Provident Fund (EPF) does not rule our higher dividends going forward should the FBM KLCI recover after three years of underperformance.
 
“The main reason that the EPF are paying lower dividends than in 2015 is due to increased impairments. If Bursa Malaysia turns around this year, then the impairments will go down and if our investment income remains stable or grows, I think we will be quite OK for this year,” said the EPF's chief executive officer Datuk Shahril Ridza Ridzuan during a media briefing on the fund's 2016 financial performance in Kuala Lumpur today.
 
On Feb 18, the EPF declared a dividend rate of 5.7% for 2016, with the total payout amounting to RM37.08bil.
 
While the figure represents the lowest dividend rate since 2009, it is important to note that the fund's investment income as well as its asset base have grown substantially over the nine-year period.
 
42% of the EPF's total investment assets of RM731.11bil are invested in equities, the bulk of which are in Bursa Malaysia stocks.
 
The benchmark index fell 3% last year and underperformed global markets. This resulted in an equity impairment amounting to roughly RM5.88bil in the EPF's books last year.
 
Nevertheless, equity investments contributed RM26.85bil or some 57% towards the fund's total gross investment income in 2016.
 
The fund recorded RM46.56bil in gross investment income last year, or an increase of 5.25% compared with RM44.23bil in 2015.
 
This represents the biggest gross investment income ever recorded since the establishment of the EPF in 1951 and the amount has been growing annually at 11.1% since 2001, it said.
 
Shahril added that the pension fund is looking into growing its investment exposure in both overseas markets as well in the real estate and infrastructure sector.
 
“Our key focus this year is on building our pipeline of private market assets mainly in infrastructure, property, and private equities. We feel that these instruments can provide better inflation adjusted returns which is a core target of the EPF,” he said.

Read more at http://www.thestar.com.my/business/business-news/2017/02/20/epf-does-not-rule-out-higher-dividends/#xKSrYoEj8eqpSJDl.99

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Re: EPF
« Reply #98 on: February 21, 2017, 06:41:00 AM »



公积金局:派息仅5.7%主因
股票投资亏损80.5亿
693点看 2017年2月20日
 
沙里尔汇报公积金局去年投资表现及今年投资方向。

(吉隆坡20日讯)大马雇员公积金局2016年派息率5.7%,较2015年的6.40%低,原因是投资环境充满挑战及动荡,其中股票减值亏损就高达80亿5000万令吉。公积金局2015年的净减值亏损为30亿7000万令吉,去年激增至81亿7000万令吉,其中股票的减值亏损占绝大部分,即80亿5000万令吉。


大马雇员公积局总执行长拿督沙里尔指出,由于富时隆综合指数(FBMKLCI)连续3年全年收低,而当局投资73%于本地股市,导致减值亏损创新高,这是2016年派息率较低的主因。

沙里尔今日在媒体汇报会上指出,尽管去年的减值亏损或许是历年新高,惟仅占了目前当局所拥有的7311亿1000万令吉投资资产的1.2%,因此仍然拥有稳健的资产负债表(balance sheet)。

“我们采取稳健谨慎的政策,当市价低于我们所购买的价值时,我们必须扣除减值亏损来计算派息率。”



一马房屋融资仅予银行保障

沙里尔指出,在一马房屋计划(PR1MA)的灵活融资方案(SPEF),当局没有贷款予购屋者,而是提供保障让银行有信心批准购屋者的贷款。

“我们已经做好准备,银行方面正在等待指令,我们没有提供贷款,只是给予银行一些保障。”

他说,这项方案仅限一马房屋计划购屋者,当局并没有设定最低要求,只要购屋者的第二户头有钱即可。

“当然,户头的钱越多,银行批准的贷款额也会更高。”

一马房屋计划(PR1MA)推出灵活融资方案(SPEF),协助购屋者。

这项灵活融资方案,可让购屋者在付出较一般贷款稍高的利率,即可获得比一般贷款较高的款额。

而房屋贷款者在首5年只需付还利息,而房屋供期的母金在第6年开始支付,直到摊还贷款完结为止。

根据投资回酬派息

沙里尔说,只要今年富时隆综合指数好转,减值亏损降低,派息率自然会回升。

公积金局周六宣布2016年派息率为5.7%,派息总额为370亿8000万令吉,派息率是6年新低。

询及明年派息率是否可达6%时,他强调,每年的派息率是视当局投资表现而定。

“我们不会预测派息率,派息率是视投资回酬而定,我们几乎派完100%的投资回酬予会员,并没有储备。”

沽清土展创投股权没亏损

沙里尔指出,公积金局沽清土展创投(FGV)股权,没有面对减值亏损。

公积金局是于去年12月22日沽清土展创投(FGV)股权,有传闻指当局面临5亿令吉亏损。

他说,自持有土展创投股权,一直都有进行买卖。

“价格低时我们买入,之后卖出,因此沽清土展创投股权,没有减值亏损。”

不改变现有投资策略

沙里尔指出,今年公积金局将持续原本的投资方向,专注房地产、基础设施及私募股权投资,因为这些领域能够提供良好的回酬。

“这是公积金局的核心目标,我们将专注于资产为基础的投资,至于传统固定收入则是市场驱动。”

他补充,在基础设施投资方面,当局涉足废料管理及生产能源领域。

根据当局提供的资料显示,2014年至2016年,外国投资提供的投资回酬皆比本地投资高,询及公积金局会否增加海外投资时,沙里尔指出,当局的目标是30%,目前已经达至29%,会继续往此目标前进。

海外投资须更谨慎

他补充,目前令吉汇率走软,因此在进行海外投资时,也必须更谨慎捉紧时机。

“在这方面,我们与国行紧密合作,国行也充分提供我们所需的资料。”

他说,目前公积金局的海外投资专注于欧洲、美国、英国、澳洲及日本,在这些经济体的投资占了当局总海外投资超过90%。

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Re: EPF
« Reply #99 on: February 21, 2017, 06:55:01 AM »



EPF expects lower equity impairment this year
Posted on 21 February 2017 - 05:39am
Lee Weng Khuen
sunbiz@thesundaily.com
Print
KUALA LUMPUR: The Employees Provident Fund (EPF) foresees its impairment in the equity market will be lower this year, buoyed by the local stock market’s better performance, which has seen the FBM KLCI hit the 1,700-point mark.

Last year, the pension fund made the highest ever net impairment of RM8.17 billion to account for lower equity prices, which had fallen below book value, and this was particularly true for the banking and oil and gas sectors.

Speaking at a press conference on its dividend announcement here yesterday, CEO Datuk Shahril Ridza Ridzuan assured members that the impairment level is not alarming as it accounts for only 1.2% of the total investment assets of RM731.11 billion as at Dec 31, 2016.

“The impairment is not very much and it allows us to maintain a very healthy balance sheet,” he said.

The impairment, arising from consecutive annual declines in the performance of the local bourse over the last three years, led to the EPF declaring a dividend rate of 5.7% in 2016 versus 6.4% in 2015.The payout is its lowest since 2010, when it declared a dividend rate of 5.8%.

The RM37.08 billion dividend payout was derived from total realised income after deducting net impairment on financial assets, unrealised losses due to foreign exchange rate and derivatives prices, investment expenses, operating expenditure, statutory charges and dividend on withdrawals.

However, Shahril said the market has seen signs of increased activities and interest in Bursa Malaysia.

“If Bursa turns around this year as the FBM KLCI has already breached 1,700 points, we think the impairment will go down and if our investment income remains stable, then we’ll be okay this year,” he noted.

The EPF is maintaining its key strategy of strengthening its portfolio in the private asset markets of infrastructure, property and private equity, which fetch better returns compared with the equity and fixed income markets.

“Over the past one to two years, we have increased investments in infrastructure such as highways, waste management and energy generation. We feel comfortable with these investments that provide the right kind of cash flow profile and long-term profit,” Shahril said.

He believes the EPF is on track to achieve its 30% overseas investment target this year versus 29% in 2016 and may set a higher target in future.

However, Shahril cautioned that the EPF has to be careful in the timing of acquisitions due to the weaker ringgit. Overseas investments contributed 39% to its gross investment income in 2016.

The pension fund registered RM46.56 billion in gross investment income in 2016, 5.25% higher than the RM44.23 billion achieved in 2015. This is the highest gross investment income ever recorded since the establishment of the EPF in 1951.

Equities continued to be the main contributor with RM26.85 billion (57.68%), followed by fixed income RM16.23 million (34.87%), real estate and infrastructure RM2.49 billion (5.35%) and money market instruments RM982.28 million (2.11%).

For 2017, Shahril said the EPF continues to stick to its dividend target of consumer price index plus 2%, with market volatility remaining a concern as the real implications of Brexit and Trump’s administration unfold