Ya, I read that one. Shocked that is their procedure in opening new non bumi account. What a waste of effort and paper.

Any one who successfully opened one non bumi ASX in the last 2 years?

Yeap, that was me. According to the ASNB teller, they have to process acct opening request. But there is no guarantee it will be successful, all depend on the available units, min must have 10k available at that time, before it is consider successful. (Don't think the agents bother to entertain such request.)
For my case, they actually printed 3 passbooks (1 each for ASM, AS1M and ASW) and get them destroyed at the end.
It was quite a heart-aching experience.

Anyway, guess it is not for me...will focus my time on other investment instruments.
I did get ASG at the end of the visit. So far performance has been quite good. Will report back in a month time.

yea such a wastage only not forgetting the mental & emo "stress" just looking the newly printed with your name passbook going to be "destroy" by the staff

anyway, I didn't hear or know anyone that managed to "open" ASx past few years. Year 2010 got some managed to "open" AS1M even after the units sold-out. The staff willing to "try" because they say It's still new fund, got some "left-overs" units left. after the 1st divvy announcement also some managed to "open" AS1M

Mind to share which other investment instruments?

Fruits for thought:
1. PCI from SCB - min 50k, roi for reference: 7-15%.
-I am in this since 2008

2. PMA from Philip capital - min 50k, roi for reference: 12-21%.
-I should start on this soon

3. Property from Freemen - min 0k, roi for reference: infinity (??)
-cause their model is no money down, 0 capital, ROI=Profits/Capital*100%=infinity
-I pass on this as no prior experience on property

You have any "leads" for sharing?

1. PCI from SCB - min 50k, roi for reference: 7-15%.

SCB = Std Chartered Bank?

Really at 7-15%? I am surprised/shocked. Why? I had one investment with Std CB and the return was lower than FD for many years! I have terminated that one some years ago.

Interesting feedback. Thanks.

I think its this one => https://www.sc.com/my/invest/premium-curren...investment.html

Premium Currency Investment by Standard Chartered Bank

Check the PCI link as posted above.
Which investment that u terminated? Was it PCI?

Yes, that's the one. It is a rather interesting and powerful investment instrument. My favourite when sharing with my investment buddies.

I think I'm not "qualify" for it

When I started back in 2008, this clause was not there.
They may have tighten the entry rules.
If you are interested can always talk to them.
Check out the example in the link u posted. It is really unique with the "guaranteed" yield.
Name any other investment instruments that give guaranteed returns (besides FD, CASA).
Not even EPF, ASx; mostly projected and pass performance references.
And there are more besides the guaranteed yield...

I think the bank just recently made some changes
I've to think about it first before I can make any decision..
Anyway thanks for highlighting these kind of investment for all of us Some forummer might be interested after looking the link

Keen on 1 n 2
Mind to share more info on 2

I have posted for #2 before. Refer here at post#31 on their fact sheets.

What about yourself, any sound investments that you can share?

Is the PCI capital guaranteed?

meaning how the cutting dropping, we will get back our initial capital?

Nope
In d midst to xplore

Was driving dis morning n listen 2 radio news
ASNB will launch new ASB in Apr 14

any other than ASB = =

Any other details?

Nope

None