EPF recognises net impairment of RM8.17b in 2016, targets real estate for growth - Business News - News Summed Up

EPF recognises net impairment of RM8.17b in 2016, targets real estate for growth - Business News


"This affected valuations of listed assets held by the EPF as more than 70 per cent of our total investment asset is invested domestically. On the global front, the crude oil prices tumbled to as low as US$30 per barrel, affecting the valuation of oil & gas listed companies. This affected valuations of listed assets held by the EPF as more than 70 per cent of our total investment asset is invested domestically. On the global front, the crude oil prices tumbled to as low as USD30 per barrel, affecting the valuation of oil & gas listed companies. This is following the payout amount required for one (1) per cent dividend in 2016 was RM6.51 billion, higher compared with RM5.43 billion in 2014.


Source: The Star February 18, 2017 14:37 UTC



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