EPF is regarded as the owner of RHB...

Sources suggest Feb 22 as the announcement date

Even if I did know, surely I can't be revealing it here...


Exactly! Not like it will change anything being a week earlier or later.

Official inflation for 2019 was 0.7%, so we have a baseline of 2.7%. Does that give you much comfort?

There is some basis to the ponzi claim, and I will point to this-

https://www.theedgemarkets.com/article/epf-...e-%E2%80%94-ceo

As usual, the public failed to pick up on the accidental slip that the then- new CEO made, though those in the know chuckled quietly at the admission. A fund does not 'cease' just because its outflows exceeds its inflows, unless it is a ponzi.

This post has been edited by Havoc Knightmare: Feb 14 2020, 01:06 PM

Economists in BNM have repeatedly pointed out that people tend to notice and complain only when prices of goods rise, never when they fall. There are goods that have seen declining prices over the years such as housing, cars, petrol, clothing, electronic goods, broadband prices and etc. Like this year PLUS toll rates have dropped by 18% but people will ignore it, and prefer to complain about other things that see price increase. Property prices and rent which are a large component of household spending have been falling, but people will ignore that and complain when their mee goreng goes up by 50 cents. Whether the official inflation rate reflects your cost of living is dependent on whether your spending reflects that basket used. If you are buying a generic desktop, you will notice that prices have dropped over the past 20 years, but if you are buying a on iPhone you will likely complain of inflation.

It's coincidental rather than intentional. The dividend announcement usually follows a series of internal meetings/events that are already scheduled in advance. From what I know, the sequence started later this year because of the relatively early CNY this year, which led to the meetings taking place after CNY only. One of the last meetings that usually precedes the announcement is scheduled to take place later this coming week which is why 22nd is the likely date. The shifts in announcement timings is more tied to CNY, availability of top management and etc, rather than performance since EPF is a large bureaucratic organisation and all their plans/meetings are scheduled way in advance.

This post has been edited by Havoc Knightmare: Feb 16 2020, 12:34 PM

Well, seems like you have made up your mind, so I will say nothing more... I think I will comment no more on this thread since everyone prefers to believe in their own version of reality.

This post has been edited by Havoc Knightmare: Feb 16 2020, 03:52 PM

True indeed... no point making a fool of myself. Thanks for the reminder.

These dates have already been decided well in advance because of all the various internal and external stakeholders involved. Anyone familiar with large organisations will know that seemingly simple events can involve months of preparations.

A country's wealth/growth is more dependent on governance and capability of its labour force rather than natural resources. For extreme examples, compare the East Asian dragons (Japan, Taiwan, HK and Singapore) which developed with no or very little resources, against African countries which are resource rich but yet are still dirt poor. To be fair, Malaysians feel disillusioned only because we compare against the rich and developed countries only. In reality, we are more like a B-class student comparing against A-class students, but ignoring the C and D classes.

This post has been edited by Havoc Knightmare: Feb 17 2020, 12:54 PM

EPF has many different fund managers, could be each acting independently, given the buy/sell nature of the trades. Though it's not the case for PNB, so could be PNB supporting the stock price.

I can confirm that it will be released this weekend...

I can share that while 2019 is a decent year due to foreign investment and local bonds doing well, internally EPF is bracing for a worse year in 2020 and beyond. So be prepared for sub-5 next year onwards, if not next year then the years beyond that. That will be the 'new normal' for the coming decade.

Plenty of US and other foreign stocks are not halal, so you can guess the reason behind the wide performance gap.

Yep, the stimulus package is to be funded by our savings.

Yes, that is exactly what the EPF contribution cut means. It's using our retirement funds to stimulate the economy, since the government doesn't want to borrow more.

Yes, the government wants us to consume money that should be going into our retirement savings as "stimulus". Spending other people's money and taking credit for it as "fiscal stimulus". Good job indeed LGE.

You need to fill a form to maintain 11%.