Putrajaya is expected to announce the highest dividend rate for the Employees Provident Fund (EPF) since 1996 this weekend.

Multiple sources told Malaysiakini that Putrajaya will announce a dividend rate of between 6.8 percent and seven percent for the year 2017.

If this estimate is correct, this would represent a significant spike of more than one percent in dividend rate, as the rate for 2016 was 5.7 percent.

It is likely the EPF dividend rate for 2017 will be the highest ever since Najib Abdul Razak became prime minister in 2009...