: 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.
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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