Fewer Malaysians on rich list Bernama
PETALING JAYA: As expected, the Covid-19 pandemic has taken a toll on wealth.
While the world continues to see an increase in the number of rich individuals, the quantum of increase fell last year, compared with previous years.
However, Malaysia is bucking the global and even Asia-Pacific trends, with more people exiting the rich list.
According to the latest report by Knight Frank, a real estate agency and residential and commercial property consultancy based in London, the number of high net worth individuals (HNWI) in Malaysia dropped by 8%, from 17,936 in 2019 to 16,442 in 2020.
In the same period, the number of ultra high net worth individuals (UHNWI) declined by 3%, from 626 in 2019 to 606 last year.
全国人大代表郭新明： 建议修订《企业破产法》， 增设 金融机构破产 专章|企业破产法|郭新明 sina.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com.cn Daily Mail and Mail on Sunday newspapers.
‘Positive forecast for EPF dividend encouraging’ Bernama
PETALING JAYA: The Employees Provident Fund (EPF) dividend payout, expected to be between 5% and 6% for 2020, is reassuring as the country’s economy had shrunk by 5.6% that year, according to economists.
Sunway University Business School Professor of Economics Dr Yeah Kim Leng said EPF’s investment performance remained intact despite the Covid-19 pandemic due to the faster-than-expected recovery in local and overseas financial markets.
“In the first three quarters of the year, EPF’s net investment income amounted to RM37.83 million, on track to a dividend payout close to 5.45% paid in 2019,” Yeah said yesterday.
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打工 不是一切——与五位学者对谈互联网加班文化及其他 donews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from donews.com Daily Mail and Mail on Sunday newspapers.