KUALA LUMPUR, Feb nineteen The Employees Provident Fund (EPF) declared currently a 6 per cent dividend, a highest in a decade after making profits of RM27.24 billion final year.
EPF authority Tan Sri Samsudin Osman pronounced in a press matter here that this amounted to a record RM24.47 billion payout after increasing a division rate from 5.8 per cent final year.
The pension fund has been inextricable in debate over skeleton to loan RM1.5 billion to utter city renters to buy low-cost houses.
But it has pronounced a deal, that a government insists will guarantee 5.5 per cent annual returns, has not been finalised.
EPF made multiform big moves final year, together with a RM23 billion joint takeover of PLUS Expressways with UEM Group, a wholly owned auxiliary of state item manager Khazanah Nasional Berhad.
It took 49 per cent of a highway concessionaire that in Nov waived their right to some RM6.5 billion in remuneration in exchange for extensions to a benefaction periods for a Penang bridge and two other highways.
EPF also took a RM1.5 billion offshore loan to fund a acquisition of three London-based properties.
This came after acquiring an office office building in a United Kingdom collateral in Nov 2010 for RM780 million as partial of skeleton to deposit up to 1 billion (RM4.81 billion) in a British skill market.
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