BERNAMA - EPF S 1Q INVESTMENT INCOME RISES TO RM15 16 BLN bernama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bernama.com Daily Mail and Mail on Sunday newspapers.
The Employees Provident Fund (EPF) had in 2021 recorded its first negative net contribution in 20 years at RM58.2 billion as members withdrew funds from their EPF accounts to cushion the impact of Covid-19 pandemic movement restrictions which began in early 2020, according to the EPF's chief executive officer Datuk Seri Amir Hamzah Azizan. "As (Covid-19-driven) lockdowns continued to spill over into 2021, multiple small businesses were severely impacted, with many having to cease operations, thus causing widespread job losses. As an immediate effort to sustain the livelihood of our members, we introduced i-Citra in July 2021 which allowed members to withdraw up to RM5,000," Amir Hamzah said in the EPF's latest annual report for 2021.
The Employees Provident Fund (EPF) recorded total investment income of RM15.85 billion for the first quarter ended March 31, 2022 (Q1 2022), lower than the RM19.29 billion recorded in the corresponding quarter in 2021, dragged by a significant decline in worldwide markets
KUALA LUMPUR: The Employees Provident Fund (EPF) recorded total investment income of RM15.85 billion for the first quarter ended March 31, 2022 (Q1 2022), lower than the RM19.29 billion recorded in the corresponding quarter in 2021, dragged by a significant decline in worldwide markets.