MTUC wants EPF to declare higher dividend

-
The Malaysian Trades Union Congress (MTUC) today called on the Employees Provident Fund (EPF) to declare a higher dividend this year, saying the EPF had obtained increased income from its investments.

MTUC vice-president A. Balasubramaniam said that in the last 10 years, the highest dividend paid was six per cent, in the year 2000.

In previous years, it was between 4.25 and 5.8 per cent, he said, adding that last year it was 4.5 per cent. Balasubramaniam said the EPF had announced an income of RM5.5 billion in the third quarter of last year compared to RM3.6 billion in the similar quarter of 2008.

“As a result of this increased income, we expect the EPF to pay a higher dividend,” he said. The EPF has 12 million members, 5.1 million of whom are active contributors - Agencies.

Popular posts from this blog

EC should ask ROS to register Pakatan quickly

-
Image
The Election Commission (EC) had recently advised the current opposition pact, Pakatan Rakyat comprising PAS, PKR and DAP, to register their coalition so that they could use their logo in the coming general election. EC deputy chairman Datuk Wan Ahmad Wan Omar said the coalition should be registered because the opposition parties were always seen violating regulations of the election campaign, especially on the use of their logo. Datuk Wan Ahmad seems to be overly ignorant and too forgetful on this issue. The EC deputy chairman should ask the Registrar of Societies (ROS) to quickly register the Pakatan instead of calling on Pakatan to register itself. Pakatan Rakyat had earlier send in their formal application to register itself as a coalition of political parties since November 2009 and ROS has yet to register the said entity till today after delaying and creating so many hassles for more than a year. It is not Pakatan who is delaying on its application but it was the ROS who is just...
Read more

USM fiasco a shame

-
I read and heard with irritation and felt disgusted with the fiasco committed by the apex status university called Universiti Sains Malaysia (USM) which caused untold anguish to the affected students and their parents. If this happened in Japan, the Vice-Chancellor would have done the honourable thing - take full responsibilty and leave, but here in Malaysia, as expected, the blame is shifted here and there, trying to make someone a scapegoat. By the way, would there be any racist or sabotage elements involved? Those who are responsible for this fiasco should be sacked or expelled immediately.
Read more

Federal Constitution that Safeguards the Legitimate Rights and Interest of All Malaysians

-
Image
The provisions of the Federal Constitution are very clear. It confirmed the position of the Malay Rulers, Islam as an official religion of the federation and special position of the Malays and the natives in Sabah and Sarawak whilst recalling that those provisions balance those special positions with safeguards to protect the legitimate rights and interests of the other communities in Malaysia which also includes their right to profess and practice their religions freely without being fear of any threats or being harmed by anybody. The legitimate interests of the non-Malays and non-Muslims would include, amongst others: a) Article 153 (9) says that business or trade cannot be solely reserved only for the Malays, b) Article 3 (1) says that the official religion of the federation is Islam BUT other religions are also allowed to be practiced in peace and harmony in any part of the federation. This means, the other communities too have their fundamental legitimate rights and interest here ...
Read more