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KUALA LUMPUR, Feb 17 (Bernama) — The public and private sector unions have welcomed the higher Employees Provident Fund (EPF) dividend payout of 6.35 per cent announced on Sunday.
CUEPACS president Azih Muda attributed the biggest ever dividend payout of RM31.2 billion to positive performance as a result of the government’s transformation programme.
He said an improved working environment had enabled additional capital to be injected into the EPF to enable it to invest in profitable portfolios.
“We are confident that if EPF continues to manage its investments prudently and with integrity, we can expect the returns to improve further,” he told BERNAMA, Monday.
The EPF Sunday declared a dividend rate of 6.35 per cent for the financial year ending Dec 31 2013, representing the biggest ever dividend payout of RM31.2 billion to its members, up 13.66 per cent over the RM27.45 billion paid in 2012.
Malaysian Trades Union Congress (MTUC) president, Mohd Khalid Atan said it hoped the EPF would maintain its performance to enable contributors to get a proportionate increase of returns.
“The dividend rate declared is good news to contributors, we pray that EPF will maintain the momentum and performance, and continue to make profitable investments,” he said.
Source: Bernama
Address: Wisma MTUC,10-5, Jalan USJ 9/5T, 47620 Subang Jaya,Selangor | Tel: 03-80242953 | Fax: 03-80243225 | Email: sgmtuc@gmail.com.com