EPF posts RM15.12b investment income for Q2’20

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 74 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 51%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

PETALING JAYA: The Employees Provident Fund (EPF) recorded a gross investment income of RM15.12 billion for the second quarter ended June 30, 2020, 23...

: The Employees Provident Fund recorded a gross investment income of RM15.12 billion for the second quarter ended June 30, 2020, 23% higher than RM12.32 billion in Q2’19.

Chief EPF officer Alizakri Alias said the extremely volatile and challenging conditions seen from the early part of 2020 showed no signs of normalising as ongoing issues, such as the US-China trade tensions and low oil prices, remain unresolved and Covid-19 continued to run havoc in unprepared countries around the world. Major economies had gone into lockdown and the closed borders meant that supply chains were disrupted, causing slowdowns in many sectors and industries.

EPF’s SAA allocates 51% to fixed income instruments, 36% to equities, 10% to real estate and infrastructure and 3% to money market instruments as a framework to optimise its long term returns within tolerable risk limits. During the movement control order period, the EPF extended a series of emergency relief measures, including the i-Lestari Withdrawal facility which allows members to make monthly withdrawals of between RM50 and RM500 from April 2020 to March 2021 subject to the available balance in their Account 2. As at June 30, 2020, the EPF approved 4.35 million applications with a cumulative withdrawal between April and June 2020 worth RM3.79 billion.

Looking into the remaining half of 2020, Alizakri said it is maintaining a cautious stance as even though more countries are easing their quarantine restrictions and markets reopening for business, the vaccine for Covid-19 still remains a promise that will not be fulfilled in the immediate future.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 25. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

EPF records RM15.12b gross investment income for Q2 2020 | Malay MailKUALA LUMPUR, Sept 19 — The Employees Provident Fund (EPF) recorded a gross investment income of RM15.12 billion for the second quarter (Q2) ended June 30, 2020. The retirement fund said equities contributed 54 per cent, or RM8.11 billion, to total gross income. Fixed income instruments...
مصدر: malaymail - 🏆 1. / 86 اقرأ أكثر »

EPF records RM15.12 billion gross investment income in Q2 | The Malaysian InsightEquities contribute the most at 54%, or RM8.11 billion, says fund.
مصدر: msianinsight - 🏆 8. / 63 اقرأ أكثر »

EPF records RM15.12b gross investment income for Q2 2020 | Malay MailKUALA LUMPUR, Sept 19 — The Employees Provident Fund (EPF) recorded a gross investment income of RM15.12 billion for the second quarter (Q2) ended June 30, 2020. The retirement fund said equities contributed 54 per cent, or RM8.11 billion, to total gross income. Fixed income instruments...
مصدر: malaymail - 🏆 1. / 86 اقرأ أكثر »

EPF records RM15.12 billion gross investment income in Q2 | The Malaysian InsightEquities contribute the most at 54%, or RM8.11 billion, says fund.
مصدر: msianinsight - 🏆 8. / 63 اقرأ أكثر »