PETALING JAYA: The outstanding performance of the Employees Provident Fund (EPF) reflects investors’ confidence in the unity government’s Madani economic policies, especially its fiscal reforms to boost sustainable growth said Datuk Seri Anwar Ibrahim.
The Prime Minister said last year’s dividend was the first time that the syariah savings rate matched that of the conventional rate.
“EPF’s stellar performance is driven by Malaysia’s robust capital markets that are growing in the midst of a challenging global economy,” Anwar wrote in a Facebook post.
Housing and Local Government Minister Nga Kor Ming echoed Anwar saying that the dividend rate was a clear indicator that Malaysia is on the right path under the unity government.
Nga lauded EPF’s exceptional performance after it announced a 6.3% dividend rate for both conventional and syariah savings in 2024, the highest since 2017.
Nga noted that the political stability fostered by the Madani government had been crucial in restoring confidence in the nation’s economic resilience including an impressive growth of 5.10% last year.
“Since the Madani government assumed office, strengthening the nation’s economy has been our top priority with the ultimate goal of improving the well-being of all Malaysians.
“The impressive returns declared by EPF serve as a strong endorsement of the government’s policies and its unwavering commitment to enhancing the livelihoods of the people,” said Nga in a statement yesterday.
He also reaffirmed the government’s dedication to ensuring the continued prosperity of all citizens through policies that prioritise long-term economic stability.
This includes initiatives such as home ownership programmes spearheaded by the ministry to help first-time buyers which saw Malaysia’s home ownership rate increase to 76.9%.
