Confirm not true.

talk so many, rich also you got give me or not?

Anybody read this? http://www.thestar.com.my/news/story.asp?f...6376&sec=nation

AS1M subscription period extended. As of August 25, more than 2 billion units have been subscribed.... 

http://www.thestar.com.my/news/story.asp?f...5417&sec=nation

<< KUALA LUMPUR: Amanah Saham shares worth RM100mil will be given to the hardcore poor in urban areas to help them make ends meet, said Datuk Seri Najib Tun Razak.>>

<<The first phase of the units would be sold on Oct 10 in the Federal Territory.>>

Hi,

1) Can anyone decode what does this means??  If something is given, why do you need to buy??

2) If this is AS1M, would that means the government is using the AS1M's shareholder's money to do charity??  Now, if this is NOT AS1M, which ASx is this??

Dreamer

i dont think so, once u hit the 200K max, only the reinvested dividend can be added on

The 200K is the amount invested. It doesnt include the interest earned. So u can keep it forever and the amound can reach even 400-500K. The interest is calculated on the balance available. So if u withdraw then the interest you get will be lesser.

you sound like non bumi and so am i, bear in mind you can almost get free money if you put you despoits with PNB and take loan back from them if you are bumi at a lower rate.

yes u must be convert the money in the passbook to the form of certificate then use the cert to apply for OD facility, I nderstand now the agent banks don't offer OD to individual name, only to the sole propriertor. Means ASB cert under personal name, OD under sole prop name

cert
you can withdraw like normal, but unlike passbook, it is used if you wanna trade in the entire lumpsum
for example 100K cert + 100K cert = 200K cert
passbook, you can withdraw as much as your desire, 20K today and 50K tomorrow. more flexible like a savings account.

BUT once you have given in to the bank as coleteral, why does it matter? you cannot have access to it anyway.
if this your question than what i can say is only 

ASW 2020 > No for non-bumi
AS1M > No for Chinese

non bumi = chinese, indian

Because the quota for ASW2020 for Chinese, Indian and non-bumi minorities are fully subscribed, hence the "non-bumi". As for AS1M, only the Chinese quota is fully subscribed, hence the "Chinese".

Not sure about ASW2020, all i know is that it is divided to 49% non-bumi and the rest for bumi. As for AS1M, indeed it is divided between bumi, Chinese, Indian and non-bumi minorities.

Received black and white from PNB, ASW2020 for BUMI also fully subcribed!!

Hello guys, just want to know is it imperative for Bumis to maxed out their ASB just bcoz of the 8%-10% dividend p.a.?

One more question, if I save around RM1k per month, how many years does it take to reach that quota? Thx

Excellent. This is based on maxed out investment?