PNB Looking At Possibility Of Building 100-storey Skyscraper

KUALA LUMPUR, Dec 14 (Bernama) -- Permodalan Nasional Bhd (PNB) is looking at the possibility of developing a 100-storey building near Stadium Merdeka and Stadium Negara here if the project is viable, said group chief executive and president Tan Sri Hamad Kama Piah Che Othman. Speaking after the announcement of dividend and bonus for Amanah Saham Bumiputera (ASB) Monday, he said the board of directors of PNB will study all possibilities before making any decision.

"We have to go through the board of directors first. God willing, we will make an announcement accordingly," he said when asked to comment on news reports that PNB is planning to build a skyscraper in the area.

The report, quoting sources, said construction work on the building was expected to commence in the first quarter of next year. It said the proposal the building had been also submitted to the Ministry of Finance and that it was being studied in detail. This building could rival the highest structure in the country - the 88-storey Petronas Twin Towers, completed in 1997 at a cost of US$1.2 billion (RM4.05 billion).

PNB is planning to develop the 72-hectare area surrounding the country's oldest stadiums into a mixed-development project. "The plan to develop the place is ongoing...but, I'm not saying that I confirm whatever figures quoted by the media. What we want to do is to rationalise whatever properties we have, our investments to make sure that we got merit," Hamad Kama Piah said. At end of 2008, PNB was estimated to have some RM120 billion of assets under its management, including its proprietary funds.

-- BERNAMA

everyone have their own preference. FD is fixed rate and guaranteed by PIDM, whereas ASNB's products are equity based and has no fixed return plus "not guaranteed" by PIDM or government. Some forumers here do not invest in ASNB products because they do not trust PNB or not confident with the government, how the money being managed and run.

As for how to invest pls check the ASNB website.

December 23, 2009 15:36 PM

PNB May Extend Deadline For Subscribing AS1M Units

KUALA LUMPUR, Dec 23 (Bernama) -- Permodalan Nasional Bhd (PNB) may extend the period for subscribing the Amanah Saham 1Malaysia (AS1M) share trust units which has a December 31 deadline. PNB Group Chief Executive and President, Tan Sri Hamad Kama Piah Che Othman, said the extension might be given as the allocated quota of units given according to the communities have not been taken up.

So far, 82 per cent of the quota given to the Chinese community has been subscribed, while another 20 per cent quota for Indian investors have been bought, and the units for Bumiputera meanwhile are largely still left. Hamad Kama Piah said this when asked to comment on the latest development in the subscription of AS1M units, here Wednesday.

AS1M, a fixed price fund with a size of RM10 billion units, was launched on July 31 this year by Prime Minister Datuk Seri Najib Tun Razak. It was opened to all Malaysians with an allocation of 50 per cent for Bumiputera, 30 per cent for the Chinese community, 15 per cent for the Indian community and five per cent for others.

Todate, a total of 2.96 billion units of the AS1M have been subscribed by 235,032 investors.
On the proposed multi-development project around the Stadium Negara and Stadium Merdeka, Hamad Kama Piah said the group was in the final stages of making a decision on the project.

-- BERNAMA

Comments: seems that PNB is very likely to build the 100 storey skysraper. AS1M dealine extended, in order to collect more fund to build the 100 storey skycrapper?????

PNB Extends Subscription Period For AS1M (for the 3rd time)

KUALA LUMPUR, Dec 24 (Bernama) -- Permodalan Nasional Bhd (PNB) says it will extend the period for subscribing the Amanah Saham 1Malaysia (AS1M) share trust units to a later date from the current Dec 31, 2009 deadline. PNB Group Chief Executive and President, Tan Sri Hamad Kama Piah Che Othman, said the extension, given according to the community allocation, will be third after the Sept 30, and Dec 31, 2009 deadlines.

In a statement on Thursday, he said the decision was taken in order to give all the communities the opportunity and more time to buy the share trust units. Todate, a total of 3.06 billion units of the AS1M have been subscribed by 235,288 investors. So far, 85 per cent of the quota given to the Chinese community has been subscribed, while another 21 per cent of the quota for Indian investors have been bought.

-- BERNAMA

Tried to ask the CIMB staff last month end, when i did the transaction, they told me ASW2020/ASM are fully sold. They did not just turn me down by saying so, as i have seen they are checking the computer systems. Wonder how your non bumi friends can do that?????

it is always good to know someone inside the bank.

did u try asw2020 also? or just ASM?

5 states in Malaysia not a public holiday for new year, Johor + 4 Negeri-negeri Tidak Bersekutu

haha....testing your history knowledge......

---

Added on January 2, 2010, 1:54 amdividen declared and paid out annually on 31 dec

This post has been edited by cheahcw2003: Jan 2 2010, 01:54 AM

i think it will be a long queue as everyone rush to update their passbook. Plus 1st day of the month, customers also go to bank to do other bank transactions.

i waited for > 1 hour also at CIMB. Took the sequene Q number, then immediately went out for lunch, visiting friends, and came back waited for 10 mins and it reaches my turn.

why all those BUMI are withdrawing from ASB until cash shortage in the bank (damn Serious) while non bumi are busy depositing in AS1M....quota for chinese in AS1M is > 85% already.

ASB loan is like housing loan, when the BLR fluctuates u still pay the same amount of instalment.

guess u r a bumiputra, it depends on your risk profile, if u are a conservative preson, throw your money in ASB. Or else invest in Equity Fund or share market.

ASB certificate will be held by the bank as security/collateral

yes, during banking hours.

someone has posted this info b4, u can either trace back the previous thread or check the banks website mentioned by miles and more.

no limit i guess, just did it last month, transfer from ASx account to my current account in CIMB and immediately i can cash out by using CIMB cheque already.

This post has been edited by cheahcw2003: Feb 7 2010, 04:01 PM

Easier decision for you. For ASM and ASW2020, non bumiputra quota is book, the only choice for u is AS1M

wider perspective??? probably u can study the annual report of each funds that u mentioned, it is downloadable from ASNB's website.
The report showing what r the historical performance/dividend payout for the last 3 years. and what also what are the shares counters that they invested in, bearing in mind these are equity funds.