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PETALING JAYA: Given the devastating effect the Covid-19 pandemic has had on the economy, economists and Malaysians have welcomed the Employees Provident Fund’s dividend payout for 2020. EPF had declared dividends of 5.20% for Conventional Savings and 4.9% for Syariah Savings for 2020, with a total dividend payout of RM47.64bil.
Sunway University Business School economics professor Dr Yeah Kim Leng said given the downturn of the economy in 2019, the financial performance of companies or funds typically would be affected.
However, Yeah said contrary to expectations, EPF managed to sustain its performance close to its 2019 levels, adding that its performance in 2019 should not be compared to its performance in 2020 due to the economic recession that the Malaysian economy had encountered. ....

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