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ANGELA RANI is seated between her eldest daughter, Raja Rajeswary (or Rajes) and her good friend, Thilagawadi, on the three-seater settee at Wanita Ikram#8217;s office in Kajang. Her youngest daughter, Thanes, makes herself comfortable on the carpeted flooring next to Thilagawadi.
THE Employees Provident Fund (EPF) wants to exert greater control and influence over companies in which it has a substantial stake. It plans to do so by seeking board seats in selected companies.
MARUICHI Malaysia Steel Tube Bhd managing director Tunku Ya#039;acob Tunku Abdullah maintains that the company would have benefited from buying into Malaysian Merchant Marine Bhd (MMM), but said the proposed deal had been badly handled, resulting in the plan being aborted.
EMPLOYEES#146; Provident Fund (EPF) chairman Tan Sri Abdul Halim Ali hinted in a speech that dividends to its members this year could be below last year#146;s 5% as low interest rates have hampered the fund#146;s ability to reap better returns from its investments.
YESTERDAY, I commented that the 10.5 million members of the Employees Provident Fund (EPF) must be prepared to receive relatively low dividends (between 4% and 5%) on their contributions for the next few years.
The Employees Provident Fund (EPF) is considering introduction of a two-tier contribution system under which lower-income members will contribute a higher percentage of their pay into the fund.