AS1M is standalone n govern by Trustee
Thus, no Worry at all

No relationship at ALL as they share common name ony

that sounds reassuring, thanks.

I went once..

have financial / investment talk..

have counter to open new ASx account.. u can also ask Q about their ASx products..

have small "stalls" under PNB group of companies.. u get to know more about the companies.. they give brochure / booklet to read. u can buy also some of the products they sell..

got games for children. if win got some gift for it..

lastly when u exit, u get ASNB bag

thanks bro wil-i-am

I will keep top up the AS1M.

Malaysians are just too gullible...

ASNB post on GST

PNB doubles subscription of its units to 200b in 6 years
http://www.nst.com.my/node/81015

Just speaking my mind here.

Is the doubling a good sign or a warning sign (getting too big)?

If my memory is OK, I think the total worth of the KLSE listed companies is about RM4 trillion. So RM200 billion is about 5% of all KLSE listed companies. PNB does not put all its money in KLSE. So, not a giant monopoly player there.

The RM200 billion :
* can build 200/4 = 50 KLCC (based on the old RM2 billion per tower)
* nearly pay off M'sia 2015 budget of RM 274 billion
* pay off !MXX debt and still have RM160 billion
* make 200 billionaires in my family

Good or warning sign? Cannot decide.

Thanks.

Not going this time. have asked my sister in Sibu to go, look see, open account, win lucky draws, etc etc. Ha.

looks like ASB2 is getting "hot" nowadays.. overheard some unker talking about it in bank.. saw few pipu also open new account..

I wonder how much ASB2 has been sold

This post has been edited by nexona88: Apr 20 2015, 04:08 PM

It's the entire reason why SC has not allowed for ASNB to launch anymore new fixed priced products for a long time, thus disappointing many Malaysian in the process. Then again as with always the case of Malaysia, our dear Najib just bull-dozed all regulators and its regulations and launched ASB2.

With regards to what PNB can do with 200 billion? The things suggested are not so easy to be implemented. Unlike TH, LTAT, KWAP and what not, ASNB is just like any other unit trust company. All securities are in the name of the trustee, they're under the purview of SC/BNM and other regulators, they have to disclose their investment portfolio in their numerous reports and many more.

The same transparency can't be said for TH, LTAT and KWAP despite these institutions managing billions too.

Some pipu must be spreading wrong info until ASNB needed to give Notice like tis

Yeah...Bumi investors would withdraw from ASW/ASD/AS1m to fill up ASB2 first.
Then only consider other fixed price funds.

I manage to open AS1M account for my teenager child today with rm100 initial investment, done at ASNB within 10 minutes.

below 18 - Akaun Bijak. The child need not be at the counter right? Do we need to bring the child's IC or birth cert or both? I also plan to open AS1M for my kids below 18.

Malaysians just love to fall for rumors. Funny how despite today's connected world that we live in, many still find it hard to just send a Tweet or FB msg or email to ASNB just to clarify on something but instead just getting into panic mode and spread lies.

If I were ASNB, I'd sue those people who come up with such insane and stupid lies

No need for children to be there but bring birthcert & ic.

PNB has paid out RM130.55bil in dividends, bonuses
http://www.thestar.com.my/Business/Busines...uses/?style=biz

That's a lot of wealth injected into the economy. I'm not sure if many countries have GDP as large as that figure. Makes you wonder, if everyone were prudent and responsible with their proceeds, how much would the economy and the nation actually grow