The Employees Provident Fund (EPF) has recorded an impressive dividend payout, signaling strong investor confidence in Malaysia’s economic trajectory under the unity government’s Madani policies. Prime Minister Datuk Seri Anwar Ibrahim attributed this achievement to the administration’s fiscal reforms, which aim to drive sustainable growth and economic resilience.
Anwar noted that the 2024 dividend marked a historic moment. The Prime Minister said last year’s dividend was the first time that the syariah savings rate matched that of the conventional rate. He emphasized that this performance is backed by Malaysia’s robust capital markets, which continue to expand despite facing global economic uncertainties. The strong results, he added, demonstrate that the government’s economic strategies are delivering positive outcomes.
Echoing the Prime Minister’s views, Housing and Local Government Minister Nga Kor Ming hailed the EPF’s stellar performance as proof that Malaysia is on the right track. He highlighted that the 6.3% dividend rate for both conventional and syariah savings in 2024 is the highest since 2017, reinforcing investor trust in the country’s economic policies.
Nga pointed out that political stability under the Madani government has played a crucial role in rebuilding investor confidence. He cited Malaysia’s economic growth rate of 5.1% last year as further evidence of the government’s ability to navigate global challenges while fostering domestic prosperity.
“The Madani government has made economic strength a top priority since assuming office, with the ultimate goal of improving the well-being of all Malaysians,” Nga said. He described the EPF’s performance as a validation of the government’s commitment to financial security and sustainable economic policies.
The minister also reiterated the government’s pledge to ensure long-term economic stability, particularly through initiatives that enhance the quality of life for Malaysians. Among these is the drive to increase home ownership, which has contributed to raising Malaysia’s home ownership rate to 76.9%.
Nga assured that the administration will continue to implement policies that foster economic growth and social well-being, ensuring prosperity for all citizens.
This latest EPF dividend announcement reaffirms the growing trust in Malaysia’s economic management and provides optimism for continued financial stability.
Information Source: The Star
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