I am working for NGO that help goverment giving out this aid. This aid is given by KPKT to the poor .. average household income below RM740 or RM185 per capita regardless of race or religion.

1) The units are not actually "given" to the poor. What's actually done is that each family is "allocated/tagged" with 10,000 units ASW by PNB. Each given a cert "sijil" ASW. They are not allowed to sell their units...but they can only collect the dividends.

2) As stated above, its not AS1M its ASW. The goverment "buys" 100Mil unit worth of ASW from PNB.

Sorry for my poor English. Hope this answer your question.

Off course poor is not limited to bumi only

We have been working with KPKT under the Program Pembasmian Kemiskinan Bandar since 2006. Most cases are from the Malay and Indian ethnic group. There are some Chinese cases also that i know.. If u know of anyone that is qualified for aid, please help register his/her family at the nearest Jab Kebajikan Masyarakat or City Council. Working for the poor here, WITHOUT prejudice.

I can't really say how they manage the fund since i dont work with PNB.. We are just collaborating with KPKT and PNB to give out the funds. Our job is to identify and register those that are qualified for the aid. Rest assured though that this aid is for all races.. Malay, Chinese, Indians & Orang Asli..

The main criteria is monthly household income below RM740 or RM185 per capita. THough only those that are pre-selected by ICU JPMM are given this special ASW aid.. (if all poor people given this aid, sure gov bancrupt edi )

Thanks for the good news.. its good enough returns.. more than I was hoping for.

Going to bank in my ASB acc tomorrow..cant wait to see the dividens!

For newbies.. please look further ahead. You should not invest using other people money unless u're financially intelligent and stable.

Yup.. if ur bumi, the best safe investment vehicle is ASB. Dont look anywhere else until u max out ur account.

When u see how aggressively the government pushing these PNB investments it makes me feel a bit wary. Many nations in Europe are already in bad shape economically.. usually governments will issue more and more bonds when they have liquidity problems. Last years Credit crunch is just the tip of the iceberg.. Governments are forced to bail out banks last year.. but who will bail governments if budget deficit are ballooning?

This is OOT but for Bumi investors.. Bank Rakyat investment acc open again for 2011 with what i hear is 15% return. Here are the details:

http://sharinginfoz.blogspot.com/2011/04/j...april-2011.html

note: this is not my blog.

i treat it as FD. i take my 15% non the less thank u.