PETALING JAYA: A higher dividend rate may be on the cards for 2024, surpassing last year’s 5.5%, as the Employees Provident Fund’s (EPF) first-half distributable income surged by 29%.
EPF has grown its distributable income to RM36.7bil in the first six months of 2024 (6M24) from RM28.4bil in 6M23, despite withdrawals and the Prime Minister’s direct order to invest more domestically.
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