KUALA LUMPUR, Dec 15 - Unstable market conditions have led Amanah Saham Nasional Bhd (ASNB) to declare total payout of 8.75 sen a unit for the Skim Amanah Saham Bumiputera (ASB) for 2008, down from 9.00 sen declared last year.
The payout comprises 7.00 sen per unit in income distribution or totalling RM4.22 billion and a bonus of 1.75 sen per unit for a total of RM678.02 million for its 6.56 million unitholders who hold 62 billion units of ASB
ASN's parent company Permodalan Nasional Berhad chairman Tun Ahmad sarji said up to Dec 10, 2008, ASB has recorded a gross income of RM5.14 billion, Bernama reported today.
The 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, he said.
The rest of the income at 8.54 percent or RM439 million was derived from investments in short-term instruments and other investments.
ASB is a fixed price equity income fund, open to Bumiputeras aged 12 years and above, which is aimed at generating long-term, consistent and competitive returns to the unitholders while ensuring the preservation of capital at minimal risk tolerance level.
PNB president and group chief executive officer Tan Sri Hamad Kama Piah Che Othman said under the unstable market conditions, four percent reserves were carried to next year.
"PNB restructures its position regularly because we are a long-term fund manager. We want to maintain our performance and portfolio to consistently provide competitive returns," he said.
Last year, ASNB announced an income distribution of 8.00 sen per unit and a bonus of 1.00 sen per unit for ASB, an increase of 0.70 sen per unit compared with the income distribution of 7.30 sen per unit declared in 2006.
The bonus payout was 1.00 sen per unit in 2007 compared with 1.25 sen per unit the previous year.
The total of 9.00 sen per unit for ASB income distribution and bonus meant an increase of 0.45 sen per unit compared with 8.55 sen per unit for 2006, benefitting 6.35 million unit holders who then held 55.22 billion units of ASB.
Up to 13 December, 2007, ASB has recorded a gross income of RM5.13 billion or an increase of RM1.16 billion or 2.19 percent against RM3.97 billion in 2006.
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(THIS IS NOT TO TAKE ANYTHING AWAY FROM THE NON-BUMIS).THIS ONLY SHOWS THAT THE GENERAL MALAYS R ECONOMICALLY LAGGING FAR FAR BEHIND. SO THE QUESTION IS WAT ON EARTH IS THE DEB/NEP DOING TO THE MALAYS ALL THESE 30 YEARS? WHERE IS THE PROOF OF THE SO-CALLED SUCCESS OF THE NEP? ''TO BRING THE MALAYS ON PAR WITH THE CHINESE/NON-BUMIS ECONOMICALLY''? IT'S ALL BULL SHIT! DON TALK ABOUT THE MALAYS WHO R CRONIES,SURELY THEY HAV BILLIONS.. YET 'UNFORTUNATELY' DESPITE THEIR RICHES THEY DARE NOT EVEN WANT TO INVEST IN THESE LOCAL SCHEMES FOR THEY FEAR THEIR 'HOLES' WILL BE XPOSED AND THE FEAR OF BEING CHASED BY THE MORE THEN EVER AGGRESSIVE INLAND REVENUE BOARD. SO OFF THE MONEY GOES TO SWISS BANK ETC. SUCH A DRAIN ON THE COUNTRY'S WEALTH!
SO MUCH WEALTH OF THE COUNTRY ONTO SO FEW MALAY PEOPLE ON THE PRETEXT OF 'HELPING THE MALAYS'; THESE MALAYS WHO THEN EVEN REFUSED TO REINVEST N HELP OUT THEIR OWN MOTHERLAND THAT GAV THEM THOSE SUPER-RICHES IN THE 1ST PLACE!.(HAD THEY INVESTED BACK IN THESE LOCAL SCHEMES, ALL THOSE BUMI QUOTAS WIL BE TAKEN UP IN A ZIPPY LIKE THE NON-BUMIS'). SO, SUCH A GREEDY N UNGRATEFUL ATTITUDE!
YET IT IS NOW HAPPENING AND CONTINUE TO HAPPEN IN THIS UMNO/BN LAND. AND THERE R PEOLE LIKE RINI, PAKLANG,EDDY, TERONG PIPIT AND MANY MORE WHO SUPPORT THEM. HOW IRONIC?!