Iran has warned global markets to prepare for oil at US$200 per barrel , escalating rhetoric as attacks intensify and shipping through the Strait of Hormuz remains effectively frozen. While oil prices have retreated from recent highs near US$120, Tehran’s message underscores the growing risk of a prolonged energy shock. Key Takeaways Iran warns oil could surge to US$200 per barrel Strait of Hormuz remains blocked, disrupting 20% of global oil flows 14 merchant ships reportedly struck since conflict began IEA expected to propose record 400 million-barrel reserve release Markets currently betting conflict may be contained Oil Market on Edge Iran’s military command said oil prices depend on regional security — warning the world to prepare for US$200 crude if instability persists. The Strait of Hormuz, a narrow chokepoint along Iran’s coast, normally handles: About 20% of global oil shipments A significant share of global LNG trade So far: At least 14 ships have reportedly been struck...
After a long wait, finally the EPF announced the dividend for the year 2011 and it comes to many surprises at 6% as global economy is too volatile throughout the whole year. Anyway, it is a good news to majority Malaysians as the payout is slightly 0.2% higher than the year before.
PETALING JAYA: The Employees Provident Fund (EPF) Board has declared a dividend of 6% for 2011 the highest in the last 10 years.
In a statement yesterday, EPF said the dividend, an increase of 20 basis points over the 5.8% paid out in 2010, translates to RM24.47bil being distributed to its members.
“2011 marks another commendable achievement for the EPF.
“Despite the challenging investment landscape, it was the strongest performance since 2001 that affirms our long term and prudent investment strategy combined with continuous efforts by our investment team,” said EPF chairman Tan Sri Samsudin Osman.
The dividend payout of the RM24.47bil was derived after deducting net impairment allowance on financial assets, investment expenses, operating expenditures, statutory charges and dividend on withdrawals, representing an increase of 13.23% compared to RM21.61bil recorded in 2010.
EPF also posted a gross investment income of RM27.24bil up 13.18% from 2010.
As of Dec 31 last year, EPF's total investment assets continued to register a healthy growth of 6.52% to RM469.22bil from RM440.52bil recorded in the previous year.
“This rise was primarily contributed by the positive net annual contributions from members and employers, and consistent and encouraging investment performance,” it added.
EPF said it continued to invest the bulk of its investment assets, which is 60.79%, including in equities, which represented 35.64% of total assets.
Equities were the largest income contributor at RM13.29bil representing 48.81% of total investment income.
“This is followed by loans and bonds, Malaysian government securities and money market instruments which contributed RM7.54bil, RM5.63bil and RM656.36mil respectively,” it said.
Samsudin said that while the EPF could not guarantee that it could maintain this performance amid the global economic and market uncertainties, it was committed to safeguarding and adding value to members' retirement savings, particularly against inflation.
Members may check their EPF Account Statements for the crediting of the 2011 dividend, either through EPF Kiosks, counters or i-Akaun from today.
PETALING JAYA: The Employees Provident Fund (EPF) Board has declared a dividend of 6% for 2011 the highest in the last 10 years.
In a statement yesterday, EPF said the dividend, an increase of 20 basis points over the 5.8% paid out in 2010, translates to RM24.47bil being distributed to its members.
“2011 marks another commendable achievement for the EPF.
“Despite the challenging investment landscape, it was the strongest performance since 2001 that affirms our long term and prudent investment strategy combined with continuous efforts by our investment team,” said EPF chairman Tan Sri Samsudin Osman.
The dividend payout of the RM24.47bil was derived after deducting net impairment allowance on financial assets, investment expenses, operating expenditures, statutory charges and dividend on withdrawals, representing an increase of 13.23% compared to RM21.61bil recorded in 2010.
EPF also posted a gross investment income of RM27.24bil up 13.18% from 2010.
As of Dec 31 last year, EPF's total investment assets continued to register a healthy growth of 6.52% to RM469.22bil from RM440.52bil recorded in the previous year.
“This rise was primarily contributed by the positive net annual contributions from members and employers, and consistent and encouraging investment performance,” it added.
EPF said it continued to invest the bulk of its investment assets, which is 60.79%, including in equities, which represented 35.64% of total assets.
Equities were the largest income contributor at RM13.29bil representing 48.81% of total investment income.
“This is followed by loans and bonds, Malaysian government securities and money market instruments which contributed RM7.54bil, RM5.63bil and RM656.36mil respectively,” it said.
Samsudin said that while the EPF could not guarantee that it could maintain this performance amid the global economic and market uncertainties, it was committed to safeguarding and adding value to members' retirement savings, particularly against inflation.
Members may check their EPF Account Statements for the crediting of the 2011 dividend, either through EPF Kiosks, counters or i-Akaun from today.
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