Well of all the things done by previous regime..
Special allocation for Indians is one of the good thing they done.. But should done more for others too like loans to buy ASx fund for B40 groups.. Similar to ASB loans with low interest rate 🙏

yes some Indian transferred their FD in to ASM3 during this 30k promo...but sadly many Indian still don't want to believe that govt fund could give 6% return...let them in their dream world..

also there was 5k interest-free for B40 Indian...but u need to apply through SEDIC which is controlled by MIC...therefore you just could forget about it....MIC will give to their friend/relatives..

on bigger picture, yes agree with you...ASNB should allow B40 (for all races) to get low-interest loan to buy ASx...or deposit the BSH (BR1M) into ASx rather than bank in....since ASNB just need IC and u can withdraw in any major bank....

This post has been edited by veera77: Nov 5 2018, 04:13 PM

they should have 200k loan to ASM. And close ASM only for loan 200k ahahahhah

that being said, if you are in B40, i suppose there are many financial issues of concern before being able to put in for investment.

yes B40 usually struggle to meet their basic needs...formal investment very far from their sight...for B40, the most important thing they looking for from govt is not cash money but their kids tertiary education...so that the next generation of B40 could upgrade themself to M40 at least..

tertiary education should be free for all qualified B40 kids ! thats is should be the real capital investment by govt on Malaysian

B40 group only has RM100-200 left every month...

if not that they don't want to save, it's they got nothing left to save.

B40 would save that 100-200, if govt could guarantee tertiary education for their kids

Basically just like ASB at With some adjustment 😑😕
Well it could happen since we cannot get single unit in the fund now..

That's the thing about previous government.
Anything related to Indian affairs, all dump / needed go thru MIC... Cannot just straight go to the related department....
No wonder those poor keep in poor conditions meanwhile those involved in MIC get almost everything.. Even the ASx units thingy...

And u got good idea there... BSH can be given as free units in ASM3.... Hope 2020 can be paid like that (if there were ever BSH given then) 👍🙏

fair enough rite....

Yup. Given others chance especially those B40 groups...
At least they got some savings.. And not keep blaming government for doing nothing 😏👍

Should be b40 and m40

too bad this budget 19 no touch asnb at all...

Good they didn't touch..
What if they says.. Those holding above 500k needed to be taxed or multi teir dividends... I mean those more 500k get just 4% instead of 6% 😕😈

Uncle DBHILUHDAQWISRTNJ so senyap today

Shhhhh... Unker want diam diam.
They already suggest 4% .lol

4% lower than FD wor.. T20 like uncle will all withdraw or not?

Finally u know my feeling.

Ocbc 4.25% fd , but they suggested 4% for me.

Cimb got 4.5% @ 6 months, and can be done online.

At least give 4.6% for over 500k, so T20 like uncle can still keep inside.

Well I just shoot random figure..
Could be higher... No worries 👍😎
But the multi tier dividends is real... Don't know when it would actually being implemented 🙏

Spend few rm15 to do transfer unit to family members.