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Concerns over fairness of dividend distribution

KUCHING: The government’s distribution of dividends in the newly unveiled Budget 2023 has come under scrutiny, with concerns raised over the fairness of the approach in the Amanah Saham Bumiputera (ASB) initiative. Speaking with New Sarawak Tribune yesterday, Malaysia Venture Capital Management Berhad (MAVCAP) chairman Tunku Alizakri Alias spoke out about the initiative to distribute […]

Tabung Haji to declare dividend of around three per cent

BY SAKINI MOHD SAID Following Amanah Saham Bumiputera’s (ASB) announcement of its dividend payout for the financial year ending Dec 31, 2021, many people have been eagerly awaiting Lembaga Tabung Haji’s (TH) profit distribution rate which is expected to be announced anytime during the first quarter of this year. The question foremost on the minds […]

Loans for future investments

KUCHING: Despite the Covid-19 pandemic, Amanah Saham Bumiputera (ASB) loans continue to be important for future investments, said Steve Richard Hamit. The CIMB Bank Berhad Saradise BDC branch manager said that there are various profitable investment instruments and ASB loans are one of them. “Unlike the ordinary ASB saving which only requires a minimum investment […]

Azmin defends PNB despite low dividend for ASB

KUALA LUMPUR: Minister of Economic Affairs Datuk Seri Mohamed Azmin Ali today defended Permodalan Nasional Bhd (PNB), which has been criticised after announcing the lowest Amanah Saham Bumiputera (ASB) dividend payout since it was launched in 1990. Mohamed Azmin said PNB had done its best to ensure both depositors and shareholders would get their returns […]

PNB declares 5.5 sen income distribution for ASB

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has announced an income distribution of 5.00 sen a unit and a bonus of 0.50 sen for Amanah Saham Bumiputera (ASB) for 2019, despite a 7.2 per cent contraction in Bursa Malaysia’s FBM KLCI year-to-date. Chairman Tan Sri Zeti Akhtar Aziz said this will involve a total pay-out of RM9 […]