Fact 1: PIDM got few billions reserves.
Fact 2: Total FD by Malaysians is over 800 billions.
Fact 3: Banks got PIDM, asnb no.
Fact 4: PIDM should be fairly distributed if possible, not by b40 first.
Fact 5: Anyone (especially HNWI and T20) could put 250k in conventional and Islamic, and different banks for their FD. So actually it is not 250k insured per person, but up to 250k x 2 (conventional and Islamic) x 15 (number of banks that he may subscribe, estimate figure only), which is up to 7.5m. And I haven't taking count spouse, parents, kids accounts for the rich.

Nothing speculative above. All facts, up to readers here to interpret.

This post has been edited by vanitas: Dec 22 2018, 09:08 AM

From my understanding, MFRS 139 is replaced.
MFRS 9 doesn't need to report "sebarang rosot nilai ke atas pegangan ekuiti".

Need accounting experts come in.. means it will be forever fixed price according this MFRS 9 or what?

That's when the time internet doesn't popular in Malaysia yet, and I am still too young. Uncle, mind to explain how was the situation on MBF that time?

Facts I know:
There is no PIDM that time.
MBF is largest bank that time.
Acquired by ambank after that.
Mass withdrawals happened.

From what I know / heard, it is asbf loan that allow 400k years ago. But I am non bumi, so I couldn't verify 100% with you.

Well, it is not the first time, even maybank also face similar case...

So for me, I safely ignore pidm, fixed price, or only profit can distribute dividend thing...

I only trust "power", as long as the "power" want how, then it is how...

Yes, borrow 200k into asb, then transfer into asb2 or asw or asd that time, then borrow 200k into asb again.

What I heard is like that.

I am not sure what you had corrected or challenged. All the facts above are consistent from what I said since beginning.

This is not kopitiam... I also lazy to layan you anymore, just believe what you believe.

2003 still got 200k limit.
https://www.thestar.com.my/news/nation/2003...ent-except-asb/

I think prior to some years (not sure is 2005 or not), asb loan got 400k limits, but now 200k limits. Previously, you can borrow 200k first to asb, switch to asb 2/asw/asd, then borrow 200k again into asb. Now no longer works that way, only 200k for asb loan.

Asb initial limit is always 200k, and can grow with dividend.

Most of the investors isn't divided by gov believer and non believer.

I would give some hints:
- total wealth by bumi
- total wealth by non bumi
- requirement of TH and ASB
- fund size of TH and ASB
- total FD deposit by Malaysian

EPF, my guess is 5.75% for shariah compliance, 5.9% for conventional.
Asb2 6.3%, asb3 6.0%.
All is guessing, based on previous dividends.

And EPF self contribution.

The URL is myasnb or fpx page?

- TH is a saving product, hence it can be capital guaranteed.
- ASNB is a fund, there is other capital guaranteed fund, but ASNB fixed price fund doesn't fit in the definition, so they use the term fixed price.

It is all about how rule and law set, so some can uses the term capital guarantee, some can't (if not mistaken epf also can't use the term).

Also due to how rule and law set, some banks can't be protected by PIDM, but other entities.

Edit 1: PIDM did a very good job on gaining confidence on capital protection. A lot of people prefers PIDM than guaranteed by MoF or government of Malaysia.

Edit 2: or can anyone explain the differences between fixed price and capital guaranteed? How can it be fixed price but not capital guaranteed? Even the unit worth 0.5, as long as it is fixed price, you can still sell at 1.0. Unless it is 0.

This post has been edited by vanitas: Dec 23 2018, 12:54 PM

Given gov is the one borrow / issue bond, and they could print money, of course can guarantee...

For fixed price, I got no comments, one of a kind in Malaysia, about losing capability to pay back, any company (including bank, PIDM, investment company that offer capital guarantee fund) would have that chance, unless it is BNM that able to print ringgit.

I would give more info on capital guarantee fund, there is a tenure, at the end of x years, you get back money from day one and any profits / interest (if any). So FP fund cannot fit in this definition.

This I agree with you.

And certain portions of TH holders see it as investment, instead of saving account.

Anyway, just because ASNB write it in product disclosure sheets, it wasn't capital guarantee fund under guidelines, so more people question it. In fact EPF is having very similar structure compared to ASNB FP, but not much people doubts on it. Or you want to know EPF nav as well?

Edit: from gov perspective, market is very sensitive, disclose any loses will trigger lost in trust, increasing our risk like TH case, even it is guaranteed, many would still withdraw. So it is better to hide that info, because there is no forever profits (and loses) in the market. Or you think transparency matters more, even bank run would happened? (I support keep the NAV in secret, would like to hear why some people want transparency)

This post has been edited by vanitas: Dec 23 2018, 03:06 PM

Can. Just get asw minutes ago. Asm is unofficially closed, as1m is available too.

Wah.. Uncle still got bullets...

Top up 50k max, yes. Interest is same with as1m for non bumi, asb for bumi, as you are actually subscribing them via adam50.

Boss, myasnb only available in 2017 (unofficially is early 2017, officially is late 2017 if not mistaken). You just late one year to play captcha game.

If you refers to prior myasnb era.. then we all are late to the game..

10 years ago.. buy Apple lagi untung.. haha..

Malaysian got the highest FD amount among neighborhood, so you are not alone. Imagine 10% of FD moving into ASNB, if myasnb getting publicity like PIDM.. then maybe future very very difficult to top up.. so be glad it is still relatively easy for now...?

Well, those younger is always more untung.. born with internet, pc, smartphone, and getting more in the future.. Can uncle imagine, actually uncle more untung than emperor in dinasour age.. lol

For now yes, but pnb want to close Adam50 soon, so future no idea.

Lack of demand...
ASM is highly in demand.. so what..
I think most people know the exact reason, but PNB is too shy to tell...

500k babies per year (if 100% subscribe, possible if government really want to) x RM 200 (or up to RM 50k) x 5 years... If it is not taken from our dividends (aka profits for ASNB, or at least the bonus for ASB), then where is it from... government only give RM 10m for this program...

This post has been edited by vanitas: Dec 24 2018, 08:37 PM

https://www.nst.com.my/news/nation/2018/12/...ued-dec-31-zeti
- The government allocated RM10 million for this purpose and the fund has been fully utilised
- So… PNB has been providing an allocation of RM10 to RM20 million to honour the initiative