Malaysians read with mixed feelings about the recent news on EPF dividends. TheStar reported, "EPF declares 4.5% dividend for 2008". What's your opinion?Here is the full report -The Employees’ Provident Fund (EPF) Board declared a 4.5% dividend yesterday for its members, blaming the lower rate of returns on the global economic crisis. However, despite the financial meltdown, EPF recorded its highest ever earnings of RM20bil in gross income last year, up 9.36% from the RM18.29bil recorded previously. “While last year was challenging due to the unprecedented global financial crisis that has impacted economies worldwide, EPF’s investment portfolio for the year performed better at the gross income level compared to 2007. “But due to the sharp decline in the equity markets, a large provision has to be made, resulting in marked reduction in net income,” said its chairman Tan Sri Samsudin Osman. The dividends will be credited into members’ accounts on March 23. ---------------------------------------------------------------------------------------------- And here is the Bahasa translation - KWSP Isytihar Dividen 4.50% Bagi 2008 | |
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Malaysia Latest Stock Market
Thursday, March 26, 2009
TheStar Report: EPF declares 4.5% dividend for 2008
Payroll Jokes
"The wages of sin is death. . . ."
Sure don't want any overtime on that project.
Political Jokes
How Government Works
Once upon a time the government had a vast scrap yard in the middle of a desert.
Congress said," Someone may steal from it at night." So they created a night watchman position and hired a person for the job.
Then Congress said," How does the watchman do his job without instruction?" So they created a planning department and hired two people, one person to write the instructions, and one person to do time studies.
Then Congress said," How will we know the night watchman is doing the tasks correctly?" So they created a Quality Control department and hired two people. One to do the studies and one to write the reports.
Then Congress said," How are these people going to get paid?" So they created the following positions, a time keeper, and a payroll officer, then hired two people.
Then Congress said," Who will be accountable for all of these people?" So they created an administrative section and hired three people, an Administrative Officer, Assistant Administrative Officer, and a Legal Secretary.
Then Congress said," We have had this command in operation for one year and we are $18,000 over budget, we must cutback overall cost." So they laid off the night watchman.
A Letter from the Automated Payroll Processing SystemTo: Employee
From: Automated Payroll Processing System
Date: January 4, 2010
Subject: Vacation Pay
Dear Valued Employee:
Our records indicate that you have not used any vacation time over the past 100 year(s). As I'm sure you are aware, employees are granted 3 weeks of paid leave per year or pay in lieu of time off. One additional week is granted for every 5 years of service.
Please either take 9,400 days off work or notify our office and your next pay check will reflect payment of $8,277,432.22 which will include all pay and interest for the past 1,200 months.
Sincerely,
Your Automated Payroll Processing System
Tuesday, March 3, 2009
Malaysia-Payroll Software Most Widely Used in Malaysia
Malaysia-Payroll Software Most Widely Used in Malaysia
Malaysia-Payroll Software Most Widely Used in Malaysia
Malaysia Payroll