EPF declares 5.80% dividend for 2007

SECOND Finance Minister Tan Sri Nor Mohamed Yakcop has announced a 5.8 per cent dividend for the Employees Provident Fund (EPF) for 2007, higher than the 5.1 per cent in 2006.He said the higher dividend was aided by the stronger stock market as well as EPF’s efficiency in managing its growing fund.“It is a significant improvement. The stock market was good and EPF was effective and efficient in managing the large and growing fund,” Nor Mohamed told reporters after visiting the EPF headquarters here.“We are able to declare higher and higher dividends over the years. I would consider it to be quite an attractive yield at 5.8 per cent,” he said.EPF is the sixth largest fund in Asia with a total asset allocation of RM312 billion. — Bernama