EPF targets dividend of inflation plus 2%

KUALA LUMPUR: Amid the present challenging economic environment, the EPF will try to maintain its target of dividend at inflation plus 2% for this year.

Chief executive officer Datuk Shahril Ridza Ridzuan said following the weaker global economic environment, the yield environment would be extremely low and returns for most funds were likely to be challenging.

“Basically, for the economy and the market there have been a lot of difficulties already globally, from Brexit to slowdown across all the major economies,” he said.

Shahril said despite the poor outlook, the EPF would be transparent and focused on its main target (of returns) at inflation plus 2%.

“That remains our core focus this year,” Shahril told a press confe­rence in conjunction with the launch of syariah saving yesterday.