Most Read
Most Commented
Read more like this
mk-logo
News
DAP wants EPF head to tell all in forum
Published:  Apr 23, 2003 5:41 AM
Updated: Jan 29, 2008 10:21 AM

The Employees Provident Fund chairperson Abdul Halim Ali or his representative must attend a public forum o­n Monday to explain why the lowest dividend in 40 years was declared for its 10.3 million contributors, said DAP chairperson Lim Kit Siang today.

EPF - a mandatory savings fund for private sector workers - declared 4.25 percent dividend for last year o­n April 18.

Lim said that the forum, organised by the party, would give the EPF an opportunity to explain why a higher dividend could not be declared for last year as compared with the five percent declared for 2001.

He added in a statement that the reduction in the dividend was especially glaring when the country had registered a higher economic growth of 4.2 percent last year from 0.4 percent the year before.


Please join the Malaysiakini WhatsApp Channel to get the latest news and views that matter.

Unlocking Article
Unlocking Article
ADS