Bumi lot is sold out. I'm kind of surprised that bumi lot for ASM is sold out but not ASW2020

Too early to say. No info is available on AS1M yet.

No lock-in period. You may cash out anytime you want.


Please check the unit price. It is FIXED at RM1. Just like those capital guaranteed trusts offered by Public Mutual.


By the way guys, the RM1.6 billion ASM to go on sale to all Malaysian is not additional fund as reported by Bernama news agency but the remaining unsold Bumiputra units. Chinese and Indian units are all sold out and there are still RM1.6 billion left for Bumiputra units. This was reported on yesterday's STAR newspaper.

This post has been edited by MilesAndMore: Jul 17 2009, 02:13 PM

Yes. You can.


All Maybank branches are ASNB agent. So you can buy ASM at any Maybank branches nationwide. Same to CIMB Bank and RHB Bank. Good luck !

This post has been edited by MilesAndMore: Jul 18 2009, 02:45 PM

Sold out as reported by several news agencies last week. Only Bumi units left. Still got RM1.6 billion unsubscribed as of Thursday last week.

Erm ... ASM is part of ASNB.

Exactly my thought. Every commercial banks will keep a copy of our MyKad carbon copy when opening an account with them. I do not get the rationale to cross the MyKad photostat copy either.


The RHB Bank branch i went to just now was full with people.


No. It won't.


Not normally. In fact it won't be open to non-bumi because of the quota system. Anyway, was told Billions of Ringgit of ASW2020 units for Bumiputra still available.


Most likely those aunties are housewives and the uncles have to work.


Yes. 100% got. Just that it won't be in the full amount of the dividend declared.


She will only receive the dividend after 31st March.


This post has been edited by MilesAndMore: Jul 21 2009, 06:30 PM

Yes. Correct

I first went to the newly opened RHB Islamic Bank in KWSP Building here in downtown Kota Kinabalu but was told they do not do ASNB transaction there. It was already 9.20am then. There is another two Maybank nearby. One Maybank Islamic branch just across the street and another Maybank in Maybank building, just one block away but both were already flooded with people. Decided to try my luck at another RHB Bank branch in Lintas, about 10 minutes away from downtown KK and i got number 49 when i got there. Was told they are giving out 50 numbers for those wish to top-up and another 50 numbers for those who want to open an ASM account. Well, at least still got number for me ...

Transaction done at 11.30pm

This post has been edited by MilesAndMore: Jul 22 2009, 12:12 AM

Quite obvious isn't it ?


Not quite true. The return of ASD is more or less the same as ASW2020/ASM. See below :

ASW2020
2006 - 6.80%
2007 - 8.00%
2008 - 7.00%

ASM
2006 - 6.80%
2007 - 7.80%
2008 - 6.25%

ASD (strictly for Bumiputra)
2006 - 6.80%
2007 - 7.00%
2008 - 7.00%

ASB (strictly for Bumiputra)
2006 - 7.30% + bonus 1.25%
2007 - 8.00% + bonus 1.00%
2008 - 7.00% + bonus 1.75%
**Please not that each investor will only get the full bonus if he/she have the same amount of units in the last 10 years.



ASB maybe but not ASD.


Please refer above. The return for ASW2020 was 1.00% higher than ASD in 2007.

This post has been edited by MilesAndMore: Jul 22 2009, 12:40 PM

In my case they did not push me into buying ASD. As a Sabahan Bumiputra with Chinese surname, we need to get a special letter from Jabatan Hal Ehwal Negeri to prove that we are legitimate Bumiputra. I am now currently waiting for a letter from them for ASW2020 to confirm that i'm a Bumiputra so i can buy the Bumiputra units

Converting to Muslim doesn't make one a Bumiputra. Under the Malaysian constitution, Kadazan/Dusun and Sino-Kadazan are both legitimate Bumiputra. This was one of the terms agreed when Sabah, Sarawak and Singapore joined the federation of Malaysia in 1963.

So the question is how can one be a Sino-Kadazan ? When a Chinese marry a Kadazan, their children will be automatically become Sino-Kadazan. There was dispute that the JPN (Jabatan Pendaftaran) doesn't recognize a Sino-Kadazan bearing Chinese surname as Malaysian Bumiputra. This was reported in Star Newspaper many times in year 2007 and 2008 and also about the case that Sino-Kadazan bearing Chinese surname being denied to open an ASB account.

Sino-Kadazan also complained that they were being denied all the Bumiputra privileges such as 5% - 7% discount when buying a house in the Peninsular Malaysia as the JPN in Peninsular Malaysia denied their status as Malaysian Bumiputra. This is however, all solved now. I strongly suggest all Sino-Kadazan out there to check the information stored in their MyKad chip. Make sure your status is written as Sino/Native and NOT Chinese.

Just an example who is Sino-Kadazan :
Scenario A :
Chinese father + Kadazan/Dusun mother = Sino-Kadazan children

Scenario B :
Kadazan/Dusun father + Chinese mother = Sino-Kadazan children

Scenario C :
Sino-Kadazan father** + Sino-Kadazan mother** = Sino-Kadazan children
**(with Chinese surname or not)

Scenario D :
Sino-Kadazan father** + Chinese mother = Sino-Kadazan children
**(with Chinese surname or not)

Scenario E :
Chinese father + Sino-Kadazan mother** = Sino-Kadazan children
**(with Chinese surname or not)

The list above was sent out to media and all relevant departments from Putrajaya in late 2007.


Surat Anak Negeri was frozen long before i was born (i was born in the late 80s) because there are too many fake Surat Anak Negeri circulating. Surat Anak Negeri can also be bought easily back in the 70s. Most likely your colleague was born before 1982 or else there is no way that she got the Surat Anak Negeri.

Majority of Sino-Kadazan do bear a Chinese surname. It is actually very easy to spot a fake Sino-Kadazan. Those old Sino-Kadazan born before World War 2, in the 60s and 70s speak Malay as their first language at home, despite being English or Chinese educated. Sino-Kadazan from some inner parts of Sabah address their parents in Hokkien but speak only Malay with their parents. My mom for example, was Chinese educated in primary school and English educated in secondary school but speak only Malay with her parents and siblings.




Actually one only needs to make sure his/her race recorded in JPN is Sino/Native then he/she will be able to get a 7% bumiputra discount when buying property in the Peninsular Malaysia.

I have had an ASB account since 2002 but in order for me to buy the Bumiputra units of ASW2020, i need another official letter from Jabatan Hal Ehwal Negeri despite what is recorded as my race in JPN. It's been 4 months since i submitted all the documents but i have yet to hear from them. Talking about Wawasan 2020 ... DUH ! We're still far from there !

This post has been edited by MilesAndMore: Jul 22 2009, 05:15 PM

No. Neither of my parents are Chinese. They are part Chinese but NOT pure Chinese. They are both Sino-Kadazan. Both bearing Chinese surname. One of their ancestors from long time ago have got to be pure Chinese. There is where the Chinese surname came from.

My great-grandfather from my father's side is a pure Chinese. There is however, no trace of pure Chinese family member from my mother's side.

My great-great-grandfather from my mother's side is a Japanese. He married my great-great-grandmother, a Sino-Kadazan girl then in Jesselton (now known as Kota Kinabalu). My great-grandmother (the daughter of this Japanese guy and my great-great-grandmother) then married a Sino-Kadazan guy, which make their children, my grandmother being one of them a rightful Sino-Kadazan. Then again, my grandmother married a Sino-Kadazan guy (my grandfather) several years after world war 2 ended. There is where our Sino-Kadazan blood came from. I hope it's not too confusing

There is no such thing as Indian Kadazan. I mean there are indeed Indian marrying Kadazan here in Sabah but their children won't qualify for Bumiputra status.


I am not too sure about this one. The religion has got to be Muslim for sure

This post has been edited by MilesAndMore: Jul 22 2009, 07:41 PM

In Sabah we get NOTHING. Yes. I mean no discount at all. They only say that 30% of the houses on sale will be reserved for Bumiputra






Sorry but your mom is not a Bumiputra. She is able to invest in ASB because she belongs to the minority group. As stated in the ASNB website, Siam, Portuguese and Mualaf can invest in ALL ASNB funds but they are NOT Bumiputra. Please refer to the website attached below :
ASNB ELIGIBILITY


When i opened my ASB account back in 2002, i was asked to submit all supporting documents that i'm a legit Sino-Kadazan to the nearest PNB office and they will forward the documents to KL HQ for verification. The whole process took about one month.

As said earlier, having an ASB account doesn't necessarily mean one is a Malaysian Bumiputra. Those minorities (Siam, Portuguese and Mualaf) mentioned above are good example.

Anyways, we were told that they have standardized the process to open any Bumiputra only ASNB accounts and we must get the official letter from Jabatan Hal Ehwal Negeri since last year.


Being able to say "aramaiti" is not enough. Besides, most young Sino-Kadazan nowadays can't speak any Kadazan/Dusun at all. Even back in the old days, Malay has always been the first language for Sino-Kadazan family. Even many young Kadazan nowadays aren't Kadazan/Dusun literate.


ASN was the first ever fund from PNB and you are right. It was 100% for Bumi then and ASN was a capital protected fund too. ASB was introduced in the early 90s.


This post has been edited by MilesAndMore: Jul 22 2009, 10:43 PM

Newspaper or TV news will do too.


It is my way to differentiate local Chinese with Sino-Kadazan. I do not know where did you get this information that Chinese from the Southern China are not pure Chinese as my friend who studied about the Chinese culture and went to China just to study everything about Chinese did not know this. Even history shows that Korean and Japanese were all once Chinese and their ancestors came from the mainland. Anyway, we have gone off-topic too far


Majority of them are indeed Han Chinese. So are the Chinese overseas. They all are Han Chinese. Local old folks also like to refer themselves as 唐山人.

This post has been edited by MilesAndMore: Jul 23 2009, 12:21 AM

I couldn't spot any difference between between Northern and Southern Chinese. But mainland Chinese and overseas Chinese are sure different in feature and all. Anyway, Chinese nowadays are collectively referred as Han Chinese and am proud of it. HAN

Sorry for going OT


True. ASN was fixed at RM1 per unit. And this was replace by ASB in the early 90s. All original ASN account holders receive a notice from PNB to switch their account to ASB.


It is related in a way. About who is eligible to invest in AS(X) and who's not. Know your rights

This post has been edited by MilesAndMore: Jul 23 2009, 11:43 AM

I for one will be one of the first to withdraw all my investment in PNB when that day comes


There are many investments schemes that can provide better return but sadly these investment schemes are off limit to average joes like us One example is hedge fund but it is not a guarantee thing. So yes. ASB/ASD/ASW2020/ASM so far are the the safest investment schemes currently availble in Malaysia ... so far ...

I was told that billions of Bumiputra ASW2020 units still available

Eh, i have always thought it's either Singapore or Hong Kong. I know so far Hong Kong is still preferable for some reason


Thought it is a capital protected fund with price of each unit fixed at RM1.00 ? No ?

Early January if my memory serves me correctly. Usually you will only get the interest credited to your account in mid-January. Normally i go to the bank to update my passbook around 25 - 30 January every year.

This post has been edited by MilesAndMore: Aug 4 2009, 02:41 PM