I browsed a lot past two months.. searching for kewl site about financial planning + money management. I've been silent to bertapa. They are 30,000+ sites just from malaysia herself. That's why I'm proud to be a malaysian.
=)
KCLau
He blogs about . Subcribe (it's free!) for latest updates on his site and received kewl items (and of course free!). I just got one cumil presentation yesterday. I'm already a big fan of his writings.
Monday, April 20, 2009
Saturday, January 3, 2009
Haj Trust Policy Scam
How could some individuals cheat and make profit from other people haj fund - old folks and the unfortunate people?
If you want to open an account; just GO to the nearest Tabung Haji branch.
It's your hard-earned saving.
READERS, BECAREFUL!!!
KUALA LUMPUR, Jan 3 (Bernama) -- Lembaga Tabung Haji has reminded Muslims to be wary of a scam by the so called Entrepreneurs Provident Fund which purportedly offers haj policies.
Tabung Haji Group public affairs and corporate communication general manager Abdul Rashid Hussein said the fictitious organisation had distributed pamphlets in Banting, Selangor, claiming that it would offer a more systematic haj saving.
"The 'Polisi Tabung Amanah Haji' pamphlets distributed by the body is a scam to hoodwink the people and fleece unsuspecting people as an easy way to make money," he said in a statement today.
He said Tabung Haji was the sole agency appointed by the government to offer haj services and the deposit was guaranteed by the government.
"Tabung Haji has a good track record in managing the deposit and keep in steps with the technological development," he said.
Abdul Rashid said initial saving with Tabung Haji was RM10 for adults and and RM2 for children.
-- BERNAMA
If you want to open an account; just GO to the nearest Tabung Haji branch.
It's your hard-earned saving.
READERS, BECAREFUL!!!
KUALA LUMPUR, Jan 3 (Bernama) -- Lembaga Tabung Haji has reminded Muslims to be wary of a scam by the so called Entrepreneurs Provident Fund which purportedly offers haj policies.
Tabung Haji Group public affairs and corporate communication general manager Abdul Rashid Hussein said the fictitious organisation had distributed pamphlets in Banting, Selangor, claiming that it would offer a more systematic haj saving.
"The 'Polisi Tabung Amanah Haji' pamphlets distributed by the body is a scam to hoodwink the people and fleece unsuspecting people as an easy way to make money," he said in a statement today.
He said Tabung Haji was the sole agency appointed by the government to offer haj services and the deposit was guaranteed by the government.
"Tabung Haji has a good track record in managing the deposit and keep in steps with the technological development," he said.
Abdul Rashid said initial saving with Tabung Haji was RM10 for adults and and RM2 for children.
-- BERNAMA
Friday, January 2, 2009
Top 10 youngest "Most Powerful Women in Business"
50 most powerful women in business world sort by their age. Not so young actually~ huhu =)
Anyone you knew?
RANK NAME COMPANY AGE
50 Marissa Mayer Google 33
35 Meredith Whitney Oppenheimer & Co. 38
34 Sheryl Sandberg Facebook 39
26 Charlene Begley General Electric 41
30 Liz Smith Avon Products 45
38 Lisa Weber MetLife 45
39 Sue Decker Yahoo 45
41 Kathleen Murphy ING 45
16 Safra Catz Oracle 46
28 Abigail Johnson Fidelity 46
5 Angela Braly Wellpoint 47
Source : http://money.cnn.com/magazines/fortune
Anyone you knew?
RANK NAME COMPANY AGE
50 Marissa Mayer Google 33
35 Meredith Whitney Oppenheimer & Co. 38
34 Sheryl Sandberg Facebook 39
26 Charlene Begley General Electric 41
30 Liz Smith Avon Products 45
38 Lisa Weber MetLife 45
39 Sue Decker Yahoo 45
41 Kathleen Murphy ING 45
16 Safra Catz Oracle 46
28 Abigail Johnson Fidelity 46
5 Angela Braly Wellpoint 47
Source : http://money.cnn.com/magazines/fortune
Thursday, January 1, 2009
It's official today for EPF members; 8% only.
January 2009... Members of the Employees Provident Fund (EPF) will have their employees’ monthly statutory contribution rate by three per cent, from 11 per cent to 8 per cent, effective from January 2009 wage for a period of two years. I wish the members are fully aware of the risk(s) and benefit(s) that they are facing/enjoying.
Having extra income today from tomorrow's fund. It's a choice; choose smart.
Having extra income today from tomorrow's fund. It's a choice; choose smart.
ASB : It's 7.00 cents perunit plus 1.75 cents bonus
ASB ANNOUNCED 7.00 SEN PER UNIT OF INCOME DISTRIBUTION AND BONUS OF 1.75 SEN PER UNIT
KUALA LUMPUR – Amanah Saham Nasional Bhd (ASNB) , a wholly-owned subsidiary of Permodalan Nasional Berhad has announced an income distribution of 7.00 sen per unit and a bonus of 1.75 sen per unit for Skim Amanah Saham Bumiputera (ASB) for the financial year ended December 31 st, 2008 .
The income distribution portion will involve a total payout of RM4.22 billion, almost equal to the allocation made for ASB income distribution in 2007.
The bonus portion will involve a total payout of RM678.03 million by PNB .
PNB Chairman, Tun Dato’ Seri Ahmad Sarji said, the payment will benefit 6.56 million unit holders which currently hold 62 billion units of ASB.
Tun Ahmad Sarji said 2008 is a challenging year for the ASB fund manager as evidenced by the equity market which saw a drop of 40.85 percent in the benchmark KLSE CI during the year following the credit and financial crisis in the developed nations.
Notwithstanding the above scenario, the discipline and prudence practiced by the ASB fund manager has helped to produce an encouraging performance of the fund.
Up to December 10 th, 2008 , ASB has recorded a gross income of RM5.14 billion. Dividend income from investee companies contributed RM3.12 billion or 60.71 percent of the gross income, and profit from the sale of shares contributed RM1.58 billion or 30.75 percent. The rest of the income at 8.54 percent or RM439 million is derived from investments in short term instruments and other investments.
The calculation of the income distribution is based on the average monthly minimum balance held throughout the financial year of ASB ending December 31 st, 2008 . The calculation of the bonus on the other hand is based on the average monthly minimum balance held by the unit holders in the past ten years, starting from 1999 up to 2008.
The income distribution and bonus will be automatically credited into the respective unit holders’ accounts. Unit holders will be able to update their accounts beginning January 2 nd, 2009 .
All transactions for ASB at ASNB head office, ASNB branch offices and agents will be suspended on December 19 th, 2008 until January 1 st, 2009 , to facilitate the calculation of income distribution and bonus.
ASB is a fixed price equity income fund, opened for Bumiputera aged 12 years and above. This fund is aimed at generating long term, consistent and competitive returns to the unit holders whilst ensuring the preservation of capital at minimal risk tolerance level.
Source : www.asnb.com.my
KUALA LUMPUR – Amanah Saham Nasional Bhd (ASNB) , a wholly-owned subsidiary of Permodalan Nasional Berhad has announced an income distribution of 7.00 sen per unit and a bonus of 1.75 sen per unit for Skim Amanah Saham Bumiputera (ASB) for the financial year ended December 31 st, 2008 .
The income distribution portion will involve a total payout of RM4.22 billion, almost equal to the allocation made for ASB income distribution in 2007.
The bonus portion will involve a total payout of RM678.03 million by PNB .
PNB Chairman, Tun Dato’ Seri Ahmad Sarji said, the payment will benefit 6.56 million unit holders which currently hold 62 billion units of ASB.
Tun Ahmad Sarji said 2008 is a challenging year for the ASB fund manager as evidenced by the equity market which saw a drop of 40.85 percent in the benchmark KLSE CI during the year following the credit and financial crisis in the developed nations.
Notwithstanding the above scenario, the discipline and prudence practiced by the ASB fund manager has helped to produce an encouraging performance of the fund.
Up to December 10 th, 2008 , ASB has recorded a gross income of RM5.14 billion. Dividend income from investee companies contributed RM3.12 billion or 60.71 percent of the gross income, and profit from the sale of shares contributed RM1.58 billion or 30.75 percent. The rest of the income at 8.54 percent or RM439 million is derived from investments in short term instruments and other investments.
The calculation of the income distribution is based on the average monthly minimum balance held throughout the financial year of ASB ending December 31 st, 2008 . The calculation of the bonus on the other hand is based on the average monthly minimum balance held by the unit holders in the past ten years, starting from 1999 up to 2008.
The income distribution and bonus will be automatically credited into the respective unit holders’ accounts. Unit holders will be able to update their accounts beginning January 2 nd, 2009 .
All transactions for ASB at ASNB head office, ASNB branch offices and agents will be suspended on December 19 th, 2008 until January 1 st, 2009 , to facilitate the calculation of income distribution and bonus.
ASB is a fixed price equity income fund, opened for Bumiputera aged 12 years and above. This fund is aimed at generating long term, consistent and competitive returns to the unit holders whilst ensuring the preservation of capital at minimal risk tolerance level.
Source : www.asnb.com.my
Tuesday, December 16, 2008
FREE ticket for Chart Nexus Seminar!
For those who are interested to learn about Fibonacci retracements - its a stock trading strategy. Grab your seat NOW.
Register at http://www.chartnexus.com/. Sign up for free account at ChartNexus.
Trading Effectively with Fibonacci
20 Dec 2008 (Saturday)
9:30am - 12:00pm
Menara Star
CyberTorium, Level 2
15 Jalan 16/11
46350 Petaling Jaya
Selangor Darul Ehsan
Sponsored by RHBInvest.
Register at http://www.chartnexus.com/. Sign up for free account at ChartNexus.
Trading Effectively with Fibonacci
20 Dec 2008 (Saturday)
9:30am - 12:00pm
Menara Star
CyberTorium, Level 2
15 Jalan 16/11
46350 Petaling Jaya
Selangor Darul Ehsan
Sponsored by RHBInvest.
Saturday, December 6, 2008
ASM’s new 1b units fully subscribed?
On the 28th November 2008, I read in The Star, ASNB announced the addition of one billion new units of Amanah Saham Malaysia (ASM) for subscription from Monday,1st December 2008. Just to remind you all, the last 6.2 Billion unit was fully subscribed. And now, the remaining 1 billion which on lasted for grab for less than 4 days..
From the Star, 4th December 2008:-
KUALA LUMPUR: Amanah Saham Malaysia’s one billion new units were fully subscribed on Thursday; four days after the additional units were opened for sale on Monday.
These units were subscribed by 154,781 unit holders of which 89,060 are new account holders, representing 58% of the successful investors.
PNB said the additional units were fully subscribed at 10.55am on Thursday or slightly over three days for the entire one billion units. Each account holder was allowed a maximum of 10,000 units each.
PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman said such response from over 150,000 investors in slightly over three days reflected their confidence towards the management of PNB and ASNB.
With the conclusion of the sale, ASM’s fund size had grown to 7.2 billion units from 6.2 billion units.
ASM was launched on April 20, 2000 with an initial fund size of two billion units which were fully subscribed in 21 days.
ASM is a fixed priced unit trust fund opened to all Malaysians aged 6 months and above. Since its launch, the ASM has recorded an average income distribution of 7.12 sen per unit.
From the Star, 4th December 2008:-
KUALA LUMPUR: Amanah Saham Malaysia’s one billion new units were fully subscribed on Thursday; four days after the additional units were opened for sale on Monday.
These units were subscribed by 154,781 unit holders of which 89,060 are new account holders, representing 58% of the successful investors.
PNB said the additional units were fully subscribed at 10.55am on Thursday or slightly over three days for the entire one billion units. Each account holder was allowed a maximum of 10,000 units each.
PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman said such response from over 150,000 investors in slightly over three days reflected their confidence towards the management of PNB and ASNB.
With the conclusion of the sale, ASM’s fund size had grown to 7.2 billion units from 6.2 billion units.
ASM was launched on April 20, 2000 with an initial fund size of two billion units which were fully subscribed in 21 days.
ASM is a fixed priced unit trust fund opened to all Malaysians aged 6 months and above. Since its launch, the ASM has recorded an average income distribution of 7.12 sen per unit.
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