TAP Declares 4.25 Per Cent Dividend
By Izam S. Ya'akub

Bandar Seri Begawan - His Majesty the Sultan has consented to declare a 4.25 per cent dividend for the period January 1 to March 31, 2005 based on the profit of $43,444,303.34 (unaudited).

This was stated yesterday by Pehin Major General (R) Dato Awang Hj Mohammad bin Hj Daud, Chairman of the Employee Trust Fund and the Minister of Culture Youth and Sports.

The declaration of dividend rates took place at the Ministry of Finance during the launching of TAP's corporate video.

The Employee Trust Fund or Tabung Amanah Pekerja (TAP) seeks to reach the three billion mark within the next 12 years.as part of its next development phase, the TAP chairman said.

Pehin Mohammad announced the target as he outlined the different short term and intermediate projects implemented or to be started in the second half of this decade.

The dividend rate for the period represents the accomplishments of TAP. The rate has increased by 1.15% from the rate in 2003 (3.1 %) and as high as 2.75% since TAP first began its operations in 1993 (1.5%).

The dividend for the period has been credited into members' accounts on August 20, 2005. Members' Account Statements will be mailed to every member as soon as possible.

Members who wish to be informed of their savings can visit TAP offices during office hours or access the `E-info TAP' Kiosk with their Smart Card identity cards.

The launch of TAP's video project underlines TAP's efforts to enhance public awareness on the TAP's role and functions.

The corporate video will be shown at the counters of each of the TAP offices across the nation.

Corporate planning projects include Reinforcing of the Work Procedure Manual and Review of the Organisational Structure of TAP to strengthening its management and review Services Scheme.

The Business Continuity Plan ensures TAP operations are not hindered by changes in management or during times of crisis.

A TAP Data recovery centre is being established in the nation's capital. It has achieved ISO 9001:2000 certification and ensures the security of buildings and TAP data are not breached.

Projects under Services Planning include One Visit Policy, Multiple Members Account, Minimum Sum Scheme, Corporate Video, Leaflets and Booklets, Roadshows and Financial Planning.

Projects that fall under Board Planning are Manual of Authority, Board Resolution and the election of new fund managers. -- Courtesy of Borneo Bulletin

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