anyone just walk in.. see see the galleries.. later ask for calendars. they give u??

ASB lowest dividen giveout ever in history.
Thanks to the change in government. Thank you PH. Thank you LGE.

Aiyooo.... How many times needed to say leh...
PIDM is kinda "useless". They don't really have the funds to " cover"... Please refer back previous post by @vanitas 🙏

yes. I agreed PIDM got some reserved.... but PNB zero based? it's new info to me... care to explain 

I don't think there's any history of banks collapsed / bankrupt in Malaysia 

well, on the other hand, we don't expect all the banks to collapse at one time. and pidm only covers up to 250k per person per bank. i suppose many don't have that much amount of money. as for the rich fellas, you may be right that it's 'useless' for them.

Quick math, 250k x 20000 = 5b.
Assume Malaysia population is 30m, 1% of high net worth individual = 300k.
Assume only 1 bank bankrupt out of 15 banks.

So PIDM only able to cover that 1% people?

I just counting HNWI, and HNWI without a bank, very new to me, keep under bed huh?

It is not if, it is fact. For ASNB case, I will run if it got no reserves, I told you before.

I am just giving example PIDM doesn't have the fund to pay 1% of HNWI, didn't said must priority give them first. And you are right, it should be distributed fairly regardless b40 or t20.

Fact>>
PIDM reserves is few billions, while total FD by Malaysians is 800+ billions, without counting saving accounts. It is fact that PIDM only has the fund to cover 1% of total FD by Malaysians.
So it doesn't need all banks bankrupt, just 1% bank bankrupt may cost everything of PIDM.

Opinion>>
On the reserves part, everyone got their own opinions, and I doesn't say my opinion is correct or wrong.

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.

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...

- 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.

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

I'm at the maybank branch now for withdrawal. And they say the can't print out the statement anymore. Is this true or they just don't want to do it?