Higher EPF dividend likely

PETALING JAYA: A higher dividend may be expected from the Employees Provident Fund (EPF) this year as it recovers the bulk of its investments overseas after a 14% year-to-date improvement in the Dow Jones Industrial Average, which closed above 10,000 points on Wednesday.

“With the Dow Jones recovering to the 9,000-plus level since July, our equity investments in the overseas markets are now above our costs,’’ EPF CEO Tan Sri Azlan Zainol told StarBiz.