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MDEX Interest-rate futures. A weekly column by G.M. Teoh.
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.
TOTAL motor vehicle sales in the country rose 43% to 39,696 units in January from December, but showed barely any growth when compared with the same month last year, according to data released by the Malaysian Automotive Association (MAA) yesterday.
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 results were out late Wednesday evening. Fourth quarter gross domestic product (GDP) posted a growth of 5.6 per cent while full year 2002 GDP expanded by 4.2 per cent.