Good question. Auto debit is NOT possible at the moment. Units are fully subscribed.

If possible, I would definitely go for auto-debit, rather than having to fish for units the whole day. I heard that ASB still have leftover units open for audo-debit. Not sure if that's true or not. But ASNB promoted that a few months ago, probably confirming the rumours.

(Again, sad fact of being non-bumi... No offense. )

EDIT: Yes, you are doing it right. Just that no more units open for ASM, ASM2 and ASM3.

This post has been edited by TOS: Jun 5 2020, 10:27 AM

Same, got that failed transaction message this morning (forgot which fund). Someone else robbed my units!

Don't give up! It's cut-throat environment I know. A few months ago, you would expect 1-2K guaranteed every morning if you are diligent enough. These days, low-yield environment push even more investors to ASNB products and the competition gets even intense. As long as the yield spread is there, investors will pile in.

Insider news, but not so secret, from Kadir Jasin, as mentioned in Sin Chew Daily today:

Jalil was fired by the PM because of political reasons, he was to be replaced by someone from Khazanah. PM fired him by claiming that he had "fake qualifications" by claiming that he graduated from LSE when his qualification stated that he graduated from UoL. But Kadir pointed out that LSE is just one of the schools of UoL. Nothing wrong at all.

Luckily, Zeti rejected the PM's request.

Kadir added, "Sooner or later no Malay professionals will join GLCs anymore".

I couldn't find the online article but those who purchase Sin Chew Daily can read the article in the printed edition today.

EDIT: I found it: https://www.orientaldaily.com.my/news/natio...20/06/14/346204

Not from Sinchew, but the same article.

This post has been edited by TOS: Jun 15 2020, 10:28 AM

If you translate this line: "他透露，首相丹斯里慕尤丁和财政部长拿督斯里东姑扎夫鲁昨日召见国民投资机构主席丹斯里洁蒂，要求后者开除阿都嘉里尔，不过被洁蒂拒绝。"

PM Tan Sri Muhyiddin Yassin and Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz summoned PNB President Tan Sri Zeti yesterday and requested Zeti to fire Jalil, but was rejected by Zeti.

EDIT: requested Zeti to fire Jalil, added "Zeti" in between "requested" and "to".

This post has been edited by TOS: Jun 15 2020, 12:25 PM

https://www.thestar.com.my/business/2020/06...ounce-successor

https://www.theedgemarkets.com/article/pnb-...e-jalil-rasheed

This part is interesting:



Comment article:

https://www.theedgemarkets.com/article/were...-last-september

Potential successor:

https://www.theedgemarkets.com/article/khaz...place-jalil-pnb

I hope the operations of PNB will remain good whatever the political outcome. Let's hope the scandals in the 1990s would not repeat...

This post has been edited by TOS: Jun 15 2020, 10:05 PM

At this point, let me share something with everyone here. I hope you will find this book useful.



I came across the book from this website: https://b-ok.asia/book/3396470/5e0660

It is a free ebook. I have downloaded and scanned it with Virus Total, confirmed safe. A thrilling read.

Here's an excerpt that you find interesting.

Appendix 2.1: History of GLIC-Linked Controversies

All the GLICs have been involved in national controversies, including asset-shifting between them, bailouts of well-connected companies, loan or investment provisions to government-related assets considered substandard, as well as allegations of abuse of funds for vested interests. This non-exhaustive table lists notable controversies involving the GLICs in Malaysian history.

MOF Inc.



PNB



Khazanah Nasional



EPF (yes, even this credible entity has scandals linked to it)



EPF (continued) and LTAT



LTAT continued and LTH (Tabung Haji)



LTH continued and KWAP



KWAP continued



8 pages list of scandals.

Read further into Prof. Gomez's report and you fill out that 8 entities control about 50% of KLSE's market cap: MOF Inc., EPF, PNB, KWAP, LTH, LTAT, Khazanah Nasional collectively control about 42% of KLSE as of around 2015, when the report was published. JP Morgan, through its associates/holding companies, control another 10-15%.

There're reasons to be feared. Kudos to IDEAS, Prof. Gomez and his team for the reports and insights.

This post has been edited by TOS: Jun 16 2020, 10:14 AM

Not that I want to go into politics, the above are just to serve as a reminder for investors in EPF and PNB (for non-bumi, in particular) and for Malaysians (Khazanah Nasional) and bumi investors, all the 7 GLICs, that you need to be alert and aware of potential misuse of your hard-earned money.

I think you know what I mean.

http://www.ideas.org.my/about/people/prof-...-terence-gomez/

I think many people know about him and IDEAS. Further research can be done online or even in person, if you are in Klang Valley.

Dr. Gomez tends to be neutral, in my view. When Tun M moved to bring Khazanah and PNB under Azmin's control (Minister of Economic Affairs) when he's in power, Prof. Gomez voiced out about concentration of powers issue because back then, LGE was the Minister of Finance and Tun supposedly foresaw the power MOF controlled.

He's not leaning towards either side. Clearly sticking to his view that political abuse was an issue which warrants closer scrutiny in GLIC to safeguard investors, and the public's interest.

You may disagree, that's fine. I am not interested in Malaysia politics anyway, looking forward to Singapore instead.

Principal protected only if the money goes into well-managed blue chips. From the list, there have been instances where money is borrowed among funds, GLICs themselves and sometimes in opaque structure and arrangements, not immediately understood by the public. (Think 1MDB). The ebook has more to say about the GLICs themselves.

I have exercised my right to query ASNB on the detailed list of ASM, ASM2 and ASM3 investment portfolio, as stipulated in the annual report. However, a few weeks later, the report only includes about 75% of the fund's holding. I asked for further details of the other 25%, and had not received any replies to date.

Most likely the other 25% are fixed-income securities and cash/near-cash items. Keep you fingers crossed that the money does not go into some kind of loans again...

One thing Prof. Gomez made clear is that since 2014/2015, the GLICs, especially EPF and PNB, had improved a lot and are managed by professionals. So, you would notice a substantial drop in "scandals" after 2014/2015. But there is no guarantee that what happened in the late 1990s won't repeat.

This post has been edited by TOS: Jun 16 2020, 02:45 PM

Assuming you are non-bumi, you can buy units at banks, the ASNB branches or online (through MyASNB). If you are bored with online spamming, head to the nearest ASNB branch and let the counter officers serve you... (aunties who are not tech-savvy basically sit there for the whole morning/afternoon and wait for counter officers to hunt units for them. )

Will recommend trying at ASNB branch since it's (usually) not as crowded as banks, and there are no agent commissions charged for transactions (if successful).

As long as there is yield spread between risk-free MGS/GII/FD rate and ASNB FP products, people will pile onto these kinds of investment product, making the black market grow even bigger as demand far exceeds supply...

This post has been edited by TOS: Jun 23 2020, 11:27 AM

Someone sold huge lots of ASM3 just a few minutes ago. Captured 4k in 3 batches.

2 lots of 1500 and 1 lot of 1000.

Correction to an earlier post:

I remember someone asked about unable to subscribe to the Auto-Labur feature and I answered that it's because the units for the FP funds have been fully subscribed.

I checked the Auto-Labur page by ASNB today and realized that the correct answer should have been that the Auto Labur feature is NOT available for any other FP funds apart from ASB.

So, it's not that the non-bumi quota is fully subscribed, but instead, the service is not available for any other funds, except ASB.

Refer to the following page for more details: https://www.asnb.com.my/myASNBautolabur.php

This post has been edited by TOS: Jun 25 2020, 03:40 PM

Our new master has arrived from Khazanah.

https://www.theedgemarkets.com/article/pnb-...chief-executive

One word. Profit. Full stop.

Yup, normal. I encountered the same issue before. Not very often, but from time to time, you will have this issue. Suddenly account asset goes up to some hundred thousands.

Good news everybody.

2020 annual and interim reports for ASM, ASB2 etc. are now available on ASNB's website.

Similar to last year's case, unit holders can request for a detailed list of their portfolio by emailing them.

This is the link for ASM's 2020 AR: https://www.asnb.com.my/pdf/produk/ANNUALRE...20/June/ASM.pdf

The rest can be found here: https://www.asnb.com.my/asnbv2_2funds.php

This post has been edited by TOS: Jul 2 2020, 08:08 PM

Yup, confirmed. It's gone for my side.

Not available anymore.

I am aware of this issue last week when I login and ASNB asked me to change my password to a stronger one but I can't submit the filled form after obtaining TACs. I bypassed the system by pretending that I forgot my password, so I changed my password through "forgot my password" page.

I suppose you need to contact ASNB for help on this. Something is not right with their webscript, I suppose.

Other members should be able to help you on this.

Sometimes, it only goes into your account on the 3rd day, from my experience. Not sure about others though.

Just be patient, if it is still not reflected in your account by tomorrow evening, consider dropping them an inquiry email.

Siapa Chris? Which members is that? Not aware of any member here whose username is Chris.

Shouldn't be much of an issue. In the past the password requirement was such that it must be alphanumeric, no symbols like @, #, ! etc. were allowed. In the recent password-change exercise, they allowed the use of such characters, which is not a bad thing after all.

And I think the exercise is initiated for all users in one go, not in batches. So, maybe you just created an account yesterday and it is possible to receive an email the next day.

This post has been edited by TOS: Jul 12 2020, 11:58 AM