Prime Minister Datuk Seri Najib Razak, who is also Finance Minister, unveiled 2013 budgets in the Parliaments on Friday 28th September 2012. The Budget’s theme is “Prospering the Nation, Enhancing the Well-being of the Rakyat: A Promise Fulfilled.
The Budget was designed to improve the rakyat’s quality of life, ensure sustainable economic growth, spend prudently and reduce the fiscal deficit
The Government’s budget deficit estimated to improve to 4.0% next year compared with 4.5% in 2012. On top of that, the economic growth was projected to be between 4.5% and 5.5% for 2013, with this year’s growth expected at 4.5% to 5.0%.
The following are Budget 2013 highlights for Personal Finance and Investment.
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For year 2011, Employees Provident Fund declared 6.00 percent dividend. For the same period, there are 6.26 million active EPF members with total combined savings of RM327.8 billion up RM29.0 from the same period in 2012. Total savings including inactive members was at RM469.2 billion.
For those who interested to know the savings profile for active EPF members as of year end 2011, kindly take a look at the following table. It shows the savings range, number on members and total savings for each range.
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Every 3 months, since March 2010, EPF reveals its top 30 equity investments in Bursa Malaysia. The aim for this is to promote greater transparency and to reassure members that investment undertaken are in the best interest of growing their retirement savings and in accordance to best practices in investment and governance.
For Q2 2012, when compared to Q1 2012, EPF generally increase their investment in top 30 companies listed in Bursa Malaysia.
The most notable changes were TM & UMW Holdings back in the list together with MBM Resources replacing Hong Leong Bank, Axiata Group & POS Malaysia.
In between March to June 2012, EPF had increase their share in IJM Corporation and KPJ Healthcare by more than 2 percent and trim Public Bank stake by 4 percent.
The table below are the Top 30 Equity Investments in companies listed on Bursa Malaysia as of 30th June 2012.
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Every 3 months, since March 2010, EPF reveals its top 30 equity investments in Bursa Malaysia. The aim for this is to promote greater transparency and to reassure members that investment undertaken are in the best interest of growing their retirement savings and in accordance to best practices in investment and governance.
For Q1 2012, when compared to December 2011, EPF increasing their share in Plantation companies such as United Plantation, Kuala Lumpur Kepong, IJM Plantation & IOI Corporation. Public Bank also emerged in the top 10.
The most notable changes were UMW Holdings, Cycle & Carriage Bintang, SP Setia and Telekom no longer under EPF Top 30 Equity Investments. Replacing the position are Public Bank, Kencana Petroleum, POS Malaysia & IOI Corporation
The table below are the Top 30 Equity Investments in companies listed on Bursa Malaysia as of 31st March 2012.
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The Employees Provident Fund (EPF) announced dividend rate of 6.00 percent for the financial year ended 31st December 2011 after obtaining approval from Minister of Finance. It was the highest for the past 10 years and 20 basis points higher than 5.80 percent announced in 2010.
Kindly refer to “Historical Employees Provident Funds (EPF / KWSP) Dividend Rate” page for EPF dividend rate table & chart since 1952.
The total dividend payout stand at RM24.47 billion from RM27.24 billon investment income. The payout representing an increase of 13.23 per cent compared to RM21.61 billion recorded in 2010. The remaining RM2.77 billion are used for net impairment allowance on financial assets, investment expenses, operating expenditures, statutory charges and dividend on withdrawals.
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