Housing and Local Government Minister YB Nga Kor Ming has lauded the Employees Provident Fund (EPF) for its exceptional performance, with a 6.3% dividend rate for both conventional and shariah savings in 2024—the highest since 2017.
Nga said this outstanding achievement is a clear indicator that Malaysia is on the right path under the leadership of the MADANI government lead by Prime Minister Datuk Seri Anwar Ibrahim.
He further noted that the political stability fostered by the MADANI government has been crucial in restoring confidence in the nation’s economic resilience including an impressive growth of 5.10% last year.
“Since the MADANI government assumed office, strengthening the nation’s economy has been our top priority with the ultimate goal of improving the well-being of all Malaysians.
The impressive returns declared by the EPF serve as a strong endorsement of the government’s policies and its unwavering commitment to enhancing the livelihoods of the people,” said Nga.
He also reaffirmed the government’s dedication to ensuring the continued prosperity of all citizens through policies that prioritise long-term economic stability.
This includes initiatives such as homeownership programs spearheaded by the Housing and Local Government Ministry to help first-time homebuyers achieve their dream of owning a home which saw Malaysia’s home ownership increased to 76.9%.