Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), has announced an income distribution of 7.30 sen per unit and a bonus of 1.25 sen per unit for Skim Amanah Saham Bumiputera (ASB), for the financial year ending Dec 31, 2009.

Last year, the government-owned fund manager declared an income distribution of 7.0 sen per unit and a bonus of 1.75 sen per unit.

ASB recorded a gross income of RM5.46 billion up to Dec 10, an increase of 3.4 per cent from RM5.28 billion in the corresponding period last year.

Dividend income from investee companies contributed RM1.48 billion, or 27 per cent of the gross income.

Profit from the sale of shares contributed RM3.67 billion, or 67 per cent, while the remaining RM309 million or 6.0 per cent came from investments in short-term instruments and other investments.

The income distribution and bonus will be automatically credited into the unit holders’ accounts.

All transactions for ASB will be suspended from Dec 21 until January 3 to enable the calculation of income distribution and bonus. Unit holders will be able to update their accounts from January 4.

ASB is a fixed price equity income fund, opened for Bumiputera aged 12 years and above. It is aimed at generating long term, consistent and competitive returns to the unit holders.

Source: Bernama

Recently for the past 2 years (2008 & 2009) I been calling and request for Credit Card Annual Fee Waived. Too my amazement I’ve got all my Credit Card Annual Fee Waived.

Tips on Requesting Credit Card Annual Fee Waived.

Check your statement or simply call Customer Service to know when your Credit Card Annual Fee is Due. If its already charged just make a request then it will be waived on your next month statement.

Call Customer Service. ( number at the back of your Credit Card)

1. Be Polite – This is a request not an order.
2. Call Customer Service – “My name is xxx I want to request Credit Card Annual Fee Waived”. ( Pengecualian Bayaran Yuran Tahunan Kad Kredit )
3. There will be ask for confirmation. ( Name, DOB, etc )
4. Usually it’s end with “We have submit your request for Credit Card Annual Fee Waived” ( Thanks the person and end the conversation)

Customer Service Personal is not authorized to give Credit Card Annual Fee Waived. But once you have requested then someone will. I usually have my Credit Card Annual Fee Waived on the next month statement.

Past experience I have manage to get Credit Card Annual Fee Waived from Citibank, HSBC and RHB.

This method is not 100% guaranteed but you can always try. It’s just a phone away.

Feel free to give us a feedback on your request experience. Thanks

Apply today andget 60 mins in priciple approval. SMS cash to 36700, or call 03-23824099 now

T&C apply

Consumption fueled by credit is neither healthy nor growth oriented. Look what it did to the US. Yes credit cards are convenient but you don’t really need more than 2 (a Visa and Mastercard possibly an Amex if you are frequent business traveler which can be charged to business).
This is not targeted to consumers like you but to lower income groups who end up getting snared in the debt and these are usually the people least able to afford the high interest and fees.
As for the cashbacks and freebies, please remember you are implicitly paying for it in the retail price. Banks charge anywhere from 2-3% of the retail price as merchant chargeback fees. Go and buy anything in Plaza Low Yat and try paying by Card and they will immediately ask for 3% extra. This happens in Sim Lin Square also despite the fact that it is illegal in Singapore to discriminate between cards and cash. You are paying for the convenience it’s just hidden from you.
The banks extract a lot from us especially from less savvy, or financially constrained consumers and even though this is a blunt instrument by the Govt., it is better than nothing.

The Star Online

RM200mil to revive abandoned homes is one-off aid: Housing Minister

The RM200mil allocation in the Budget 2010 to revive some of the country’s abandoned low and medium-cost houses …

Najib outlines three core strategies to boost growth

BUDGET 2010 is geared towards driving the nation towards a high-income economy, said Prime Minister …..

Muhyiddin: Initiatives will benefit the people

THE Budget 2010 is a brave one as it covers all levels …..

Best students will get to further education at top varsities

THIRTY of the country’s creme de la creme students will be awarded National Scholarships strictly based on merit, ….

Weaker economy prompts overhaul of tax structure

THE Government plans to overhaul its tax revenue and subsidies in view of the weaker economy and lower income ….

Maximum tax rate brought down, and more relief for middle income group

BUDGET 2010 will see a personal income tax cut of one percentage point …

Iskandar CEO: Incentives sure to lure more talent to growth corridor

ISKANDAR Regional Development Authority chief executive officer Harun Johari welcomed tax incentives announced in Budget 2010 ….

New Strait Times

1. An allocation of RM191.5 billion, consisting of RM138.3 billion or 72.2 per cent (operating expenditure) and RM53.2 billion or 27.8 per cent (development expenditure).

2. Special payment of RM500 in December 2009 to civil servants from Grade 41 to Grade 54 or its equivalent as well as those on mandatory retirement.

3. Enhancement of tax incentives for healthcare service providers who offer services to foreign health tourists. Income tax exemption of 50 per cent on the value of increased exports will be increased to 100 per cent.

4. Individual taxpayers will be given tax relief on broadband subscription fee up to RM500 a year from 2010 to 2012.

Harian Metro

Bajet 2010: Bawa Malaysia ke arah ekonomi pendapatan tinggi

KUALA LUMPUR: Najib juga mengumumkan kadar caruman pekerja Kumpulan Wang Simpanan Pekerja (KWSP) dinaikkan semula kepada kadar 11 peratus secara sukarela berkuat kuasa serta ……

Bajet 2010: Cukai pendapatan turun 1 peratus

KUALA LUMPUR: Kerajaan mencadangkan kadar maksimum cukai pendapatan dikurangkan lagi kepada 26 peratus daripada 27 peratus berkuat kuasa….

Intipati Bajet 2010

KUALA LUMPUR:Berikut ialah inti pati Bajet 2010 yang dibentangkan Perdana Menteri Datuk Seri Najib Tun Razak di Dewan Rakyat….

Teks Ucapan Bajet 2010

Ucapan Bajet 2010 Datuk Seri Najib Razak, Perdana Menteri Dan …

Bajet 2010: Kerajaan terbit sukuk 1Malaysia berjumlah RM3 bilion
KUALA LUMPUR: Kerajaan akan menerbitkan sukuk 1Malaysia berjumlah RM3 bilion untuk memberi peluang kepada rakyat …..

Berita Harian

Utusan Malaysia

Let’s look at how this would work using my cooktop example:

First, we’d ask ourselves whether we can afford it. Technically, yes, we could.

• Is it something we need? Yes, our house will need a cooktop of some sort.
• Is there a less expensive option? Yes, a standard range is much less expensive.
• Is the alternative durable? Yes, there are durable ranges. (We researched Consumer Reports articles on ranges for their top picks.)

I know we’ll want a few nicer features in our home, but it’s important that our spending decisions are made consciously. Even it’s a small purchases and you do it frequently things will accumulate quickly. The only way to combat this is to be conscious of what we buy — and why we are buying it.

Jimat Masa, Jimat Tenaga dan Jimat Duit Minyak dan Tol

I would prefer the use would be to clear credit card balance with it’s lowest interest rate at 3.5%.

Here are the details:

• Lowest Interest Rate of 3.5%
• Up to RM 150,000
• Up to 15 year term
• No Guarantor (tanpa penjamin)
• 24hours approval ( belum cuba belum tahu )

As a start a few documents needed as below:

• Application form completed ( Borang permohonan lengkap )
• 2 MyKad photocopy
• 3 months original payslip ( slip gaji asal)
• Employer verification ( pengesahan jawatan dari majikan )

Well who those got blacklist or want “ senang lulus blacklist “ , “ CCRIS CTOS sangkut” you may get loan from other financial agency. Bank Rakyat most of the time choose ANGKASA monthly salary deduction which is most preferred.

Their tagline.. “Boleh menyelesaikan pinjaman sedia ada dengan mana mana institusi kewangan yang lain”

Really tempted on its lowest interest and 15 years terms. I’m lovin it

Send  details to bankrakyat.com.my for Pembiayaan Peribadi-i ASLAH

When you are in college or university, it is possible that you would have many choices to take different college loans with different interest rates. From there, you can choose for refinance because you can get a lower interest rate loans.

Tips: Refinancing the student loan can help you lower down the entire cost of your loan.

Mostly, every country’s governments won’t charge the interest on student loans until after they have completed their studies.

Available options

• PTPTN loan: most of the time it’s very easy to get 100% loan and only started charging interest after six month of graduation.
• Get your parents or guardian to apply for Personal Loan from banks. Try getting an Islamic loan which have fixed interest rate.
  Tips: Once you started working, repay your loan as fast as possible to get loan rebate
• For Bumiputera: Approach MARA getting loan or even better scholarship. (3rd floor MARA Building)
• FAMA (Father & Mother) loan

If still could not find any, try work part time casher or internet marketeers hopefully enough to fund your education.

A friend of mine applied PTPTN loan and they only started charge you interest after six months of graduation. This mean that you enjoy interest free from that time you applied the loan till after six months you leave school – Great!!

Nonetheless, we need to know the student loans benefits or traps in order to help you understand your responsibilities and avoid financial burden in the future.

Googling for student loan or scholarship and I found a useful list for Pharmacy student. Unlike other popular program such as Engineering and Accounting, pharmacy student facing difficulties in getting student loan or scholarship simply because the number of scholarship provider is very few.

Anyway, try to approach any of these company for scholarship :

- Pfizer Scholarship
- Guardian Pharmacy Scholarship
- Sanofi Winthrop Scholarship
- Glaxo Welcome Scholarship
- Chemical Company of Malaysia (CCM) Scholarship
- Y S & Lin Scholarship
- JC Chemist

Loan Details:

PTPTN Loan

The PTPTN Education Loan Scheme was set up with the aim of providing education loans to students pursuing their studies in local institutions of higher learning (IPT). This loan will enable students to fully or partially pay their fees and their subsistence for the duration of their study in the IPT.

MARA Study Loan Scheme

MARA scholarships with a 25 % repayment and MARA study loans with a 100 % repayment. This financial aid has been given out as a 100 % loan except for loans given out under the Excellent Student Scheme where students can apply to convert their MARA study loans to MARA scholarships based on their examination results.

KOJADI Higher Education Loan Scheme

KOJADI has a total 12 loan schemes under its loan program to cater for a wide spectrum of education courses ranging from vocational and technical to undergraduate and postgraduate studies.

MIED Education Loan

MIED has assisted needy students by providing study loans to pursue their courses and today it has become the leading provider of study loans to members of the Malaysian Indian community seeking such assistance for further education.

A few banks offer purely education loan such as CIMB Bank, UOB & RHB bank.

Have any idea where to get other types of education loan? Appreciate if you can share.

• Semua pelanggan yang menerima tawaran home loan dalam tempoh 48jam akan menikmati pengurangan kadar faeda (interest) 1% lagi bagi tahun pertama

Nota: Jarang peminjam boleh dapat kelulusan secepat kini. Tak cuba tak tahu.

• Terbuka untuk pembiayaan / pinjaman konvensional sahaja
• Khusus untuk hartanah dalam pembiayaan
• Jumlah pinjaman RM100K keatas

sesiapa yang inginkan maklumat lanjut, sila hubungi

Khidmat Pelanggan

Bahagian Khidmat Pelanggan

Wisma BSN

117, Jalan Ampang

50450 Kuala Lumpur, Malaysia

Tel. : 03-2142 5258

Faks : 03-2710 7252

servicemanager@bsn.com.my

Another good thing is the investment is FREE to university student starting year 2009 – 2010. This is very encouraging to start investing for younger generation especially students.

Here are the facts on Amanah Saham 1Malaysia (AS1M) I gathered:

• AS1M funds will be invest into Malaysian company with a yield of 3% – 4% yearly
• PNB has other bigger funds like ASB with RM 62 billion of capital investment
• Capital guarantee which is NOT. AS1M is a Capital Protected Fund.
  A capital protected fund is one whose primary objective is to protect and return investors’ capital at a pre-determined date in the future.
• Fixed price of RM1 per unit like ASB/ ASW/ ASM / ASW2020
• Still using the same with other ASNB funds investment
• Investment counter can be from Maybank, CIMB, RHB and Pos Malaysia (open earlier compared to banks)
• Tips: Try to get the forms early and the next day go for AS1M account creation
• RM10bil AS 1Malaysia would be open to all Malaysians aged 18 years and above
• Minimum initial investment is 100 (total RM100) units and the minimum additional investment is one unit.
• Some varsities student 50000 of are getting free 100 units

For university student don’t forget to get this free ASNB type investment.

(bukan selalu nak dapat offer free nih)

FUND INFORMATION

Fund Name : AMANAH SAHAM 1MALAYSIA (AS 1MALAYSIA / AS1M)
Type : Income
Category : Equity
Launch Date : August 5, 2009
Potential Investors
Investors who:
* Have a medium to long-term investment horizon.
* Understand investment risk and reward.
* Seek regular income (if any) for their investments.

TRANSACTION INFORMATION

Price per Unit : RM 1.00
Form of Investment : Investment book
Minimum Initial Investment : Investment book - 100 units
Minimum Additional Investment : Investment book - 1 unit
Maximum Investment : Unlimited, subject to availability of units of the Fund. (However, during the initial offer period the limit is 50,000 units per unit holder.

The information is correct at the time of posting. All information as stated have been cross checked with ASNB officer. It is advisable to look for ASNB officers rather than their agents or bank officers for information as they too are confused and not aware completely about this plan. Should I make any mistakes, do let me know.