ELIGIBILITY REQUIREMENT FOR INVESTMENT IN ASB

Here's some info on who can invest in ASB. Got it from PNB website. As a short-cut rather than having to go to PNB's website.

ELIGIBILITY REQUIREMENT FOR INVESTMENT IN SEKIM AMANAH SAHAM NASIONAL, AMANAH SAHAM NASIONAL 2, SKIM AMANAH SAHAM BUMIPUTERA AND AMANAH SAHAM DIDIK BY MINORITY GROUP

Eligible Minority Group are as follows : -

1. Siamese
2. Portuguese
3. Indian Muslim
4. Mix Native of Sabah
5. Mix Native of Sarawak
6. Permanent Resident of Singapore ( Malay Citizen )
7. Born Outside Malaysia
   (i) New Identification Card with country birth code number 60 – 93
   (ii) Old Identification Card with starting number 8, 9, H6.., K8.. and K9...
8. Muslim Convert – Malaysia citizen

1. Document Needed for Siamese, Portuguese and Mix Native of Sarawak

1. Copy of Applicant Birth Certificate and Identity Card
2. Copy of Applicant's Father Birth Certificate and Identity Card - Paternal grandfather (if father is born after 1957) (as proof of Domicile)
3. Copy of Citizenship Certificate - If applicant or father was born overseas (Date on the Citizenship Certificate does not exceed 31 August 1967)

Portuguese Only
Borang Sulit must be produced - Approval from Regedor must be obtained.

Note : If father or paternal grandfather are already qualified, applicant are not required to fill in ”Borang Sulit” but the confirmation letter that specifies their eligibility to invest in ASNB unit trust or their accounts number must be attached to the application.

2. Document Needed for Indian Muslim, Permanent Resident of Singapore (Malaysia Citizen), Muslim Convert, Born Overseas and Mix Native of Sabah

1. Copy of Applicant Birth Certificate Identity Card
2. Copy of Applicant's Father Birth Certificate and Identity Card - Paternal grandfather (if father is born after 1957) (as proof of Domicile)
3. Copy of Citizenship Certificate - If applicant or father was born overseas (Date on the Citizenship Certificate does not exceed 31 August 1967)

Mix Native of Sabah Only
Confirmation letter from Pejabat Hal Ehwal Anak Negeri Sabah (PHEANS) need to be obtained.

ELIGIBILITY MATRIX TO INVEST FOR SABAHAN

Reminder :
All photocopy documents must be certified true copy by Group A Officer of Civil Servant/Professionals; or ASNB Officer or Ketua Kampung.

Note:

1. Anyone who invest in any ASNB product does not meant the person is Bumiputera.
2. Applicant will be sent a notification letter if they are eligible to invest in ASNB Unit Trust ASNB.
3. Proof of Domicile = Proof applicant/ father/ mother/ grandfather/ grandmother was in Federation since Merdeka Day (31 August 1957)

Where to Apply
ASNB Headquarters Kuala Lumpur or ASNB Offices.

Latest News Dec 2008 : PNB Will Not Invest Overseas

PNB Will Not Invest Overseas... Good!

KUALA LUMPUR 22 Dis. - Permodalan Nasional Bhd. (PNB), firma pelaburan terbesar di negara ini, belum bercadang menggunakan dana-dana pelabur tempatan untuk dilaburkan ke luar negara.

Presiden dan Ketua Eksekutifnya, Tan Sri Hamad Kama Piah Che Othman berkata, polisi PNB yang membenarkan para pelaburnya mengeluarkan wang pada bila-bila masa merupakan salah satu faktor yang menyukarkannya untuk berbuat demikian.

''PNB bukan tidak mahu menggunakan wang dana pelaburan rakyat tetapi kita perlu faham bahawa PNB adalah institusi unik yang membenarkan para pelaburnya mengeluarkan wang pada bila-bila masa,'' katanya ketika ditemui baru-baru ini.

Jelas beliau, sekiranya PNB melaburkan dana orang ramai ke luar negara, PNB akan menghadapi masalah sekiranya pelabur hendak mengeluarkan wang masing-masing, selain pelbagai masalah lain seperti pertukaran mata wang serta risiko yang tinggi.

Oleh sebab itu, tambah beliau, PNB tidak mahu mengambil sebarang risiko sebaliknya perlu mengutamakan pulangan dan perlindungan terhadap risiko kecairan pelaburan.

Ditanya tempoh masa PNB bersedia melaburkan dana tersebut ke luar negara, Hamad Kama Piah berkata: ''Ini bukan soal masa tetapi keutamaan PNB sekarang adalah memastikan sama ada sebarang tindakan (pelaburan) mendatangkan kebaikan kepada dana atau sebaliknya''.

Beliau tidak menafikan ada kebaikan menggunakan dana pelabur untuk pelaburan luar negara tetapi risikonya juga tinggi.

''Sebab itu, sebelum membuat sesuatu keputusan pelaburan PNB mengambil kira semua aspek berkenaan kerana pada akhirnya kita perlu memastikan bahawa PNB mampu memberi pulangan kepada pelabur.

''PNB tidak boleh gagal menguruskan dana para pelabur, jadi kita perlu memastikan PNB betul-betul bersedia, baru kita boleh membawa pelaburan tempatan ke luar negara,'' kata beliau.

Sementara itu, Hamad Kama Piah berkata, PNB sedang membuat persiapan untuk berhadapan dengan situasi ekonomi yang dijangka terjejas pada tahun depan.

''Dalam aspek ini kita perlu mengakui, keadaan ekonomi yang tidak menentu dijangka turut akan menjejaskan pendapatan syarikat-syarikat kita.

''Sebab itu PNB perlu bersiap sedia untuk memastikan syarikat-syarikat PNB ini masih mampu memberi pendapatan kompetitif meskipun dalam keadaan sukar,'' ujarnya.

How to become very rich in Malaysia

Some tips I collected somewhere. Try any of these tips and you'll become rich beyond your dreams... Dave

Connections and the ability to flip assets can get you going places

If you have ever wondered how to get rich in Malaysia – fabulously rich and very quickly at that – here’s a model that you might want to look at very closely. Not easy to do but if you do have a couple of projects in the bag, it will set you up for several lifetimes.

First you need connections – strong ones, the higher the better and if it goes right up to the top all the better. You need this because you need to convince the powers that be that your projects are good.

But you might ask if your projects are so good, why do you need connections? Why don’t you just go out and execute? Good questions, those. Here’s the answer - you need the state to give you something to do the deal that will help the nation.

Still can’t figure it out? See, it’s like this. You want to help the country, right? The country needs say a port. But you can’t build a port just like that. You need land to build a port. You tell the state or federal government you need land – cheap land, preferably free to build the port.

Or to take another example, you want to help the country by building a power plant. But look, you need land too and not only that you need the power to be sold. So you want an agreement – an iron-clad one to sell the power to Tenaga Nasional and to pass through all costs.

You see, that’s your reward as an entrepreneur – you get someone else to build the power plant, they guarantee the performance of the plant and someone else guarantees to buy your power and pay for all your costs. Nice deal? You bet. Billionaires have been made that way.

Or you may want to start an air hub. If you are persuasive enough, you can even convince the government to compulsorily acquire the land and sell it to you cheap. Once you have cheap land, lucrative contracts and concession agreements, the sky’s the limit.

Let’s take it a step further. If you want to realise the value of all of these things that you have and still keep control of them, it’s nice to have a listed company into which you can inject them. Inject one asset for shares and you gain control of the company.

And then inject others over the years for cash, taking the money out of the company. Who says you can’t have your cake and eat it too?

Do it right and get a flow of assets to inject in (you can do anything with discounted cash flow valuations – just change the discount rate, and presto, the value changes!), and you get a tidy flow of profits and cash into your personal accounts over the years. I mean a really tidy flow.

Just how much can you make this way, you ask? Why don’t you take a guess first? Did you say RM500mil? Guess again. RM1bil? How about five times that and you may be getting into the right order of magnitude.

One Tan Sri Syed Mokhtar Albukhary actually made some RM4.5bil that way - actually more because he still controls the listed company. (
MMC’s latest RM1.7bil deal irks investors7) We are not saying he is the only one, which makes your chances of joining the ranks better – if you are connected to high places that is.

But then again, if things change – and that’s still a big ‘if’ – you might not find it so easy anymore.

# P. Gunasegaram is managing editor of The Star. He thinks it is high time we changed the way we did business

Basic Info Guide on ASB

Amanah Saham Bumiputera (ASB) is the second unit trust schemes. It was launched on May 1989. Unit trust in Malaysia is like mutual fund in the United States. ASB is only open to Bumiputeras, which roughly means the native peoples of Malaysia and therefore excludes historical immigrant groups such as Chinese and Indians. ASB has an input limit of RM 200,000, meaning that one can only invest new money up to that point. There is, however, no upper limit on the value of an account, so capital gains which are retained in the account are allowed to cause it to exceed RM 200,000. Capital gains in ASM accounts are not subject to taxes. Dividends are paid each year and put back into the account so that compounding is achieved.

Amanah Saham Nasional Berhad Unit Trust Funds With Maybank

Amanah Saham Nasional Berhad Unit Trust Funds

Maybank is an appointed authorised agent for Amanah Saham Nasional Berhad (ASNB). Investors can perform transactions for the following ASNB’s unit trust funds at Maybank branches nationwide:

1. Amanah Saham Nasional (ASN)
2. Amanah Saham Bumiputera (ASB)
3. Amanah Saham Wawasan 2020 (ASW 2020)
4. Amanah Saham Nasional 2 (ASN 2)
5. Amanah Saham Malaysia (ASM)
6. Amanah Saham Didik (ASD)
7. Amanah Saham Nasional 3 Imbang (ASN 3)
8. Amanah Saham Gemilang

• Amanah Saham Pendidikan
• Amanah Saham Kesihatan
• Amanah Saham Persaraan

For product features please read the prospectus.

Transactions that can be done at Maybank, among others are:

1. Registration
2. Purchase of units via passbook and/or certificate
3. Redemption
4. Transfer from passbook to certificate and vice versa
5. Account conversion i.e. minor account to adult account
6. Passbook replacement
7. Interscheme i.e. ASB to ASN
8. Bantuan Khairat Kematian

INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THE PROSPECTUS THAT IS AVAILABLE AT MAYBANK BRANCHES. IF IN DOUBT, PLEASE CONSULT A PROFESSIONAL ADVISER.