lol, I specifically mentioning bumi working in government because 1) only bumi can invest in ASB and 2)government servant can enjoy low interest goverment loan. why do i mention ASB, because it's one of the most stable, risk free investment.

which in my ROUGH calculation, (If it's right) IF they have 200k in ASB which historically showing interest earning of 9-10% pa, countering their loan of 200k with 4% interest pa to buy a house, it will work out they LITERALLY  don't need to fork out money to pay for the loan aka the house.

your earning 10k per month, can't even save 100k savings level, judging from the way you talk and seeing things, it doesn't surprise me. say you are earning 10k, thats 120k a year, take away 100k for savings, you left with 20k to spend a year which work out 1.6k to spend every month, which is more than enough to survive, and you cant do it, what kind of a spoilt brat you are. there are lots of way to get that 200k, it's not that much of amount in today's value, it can be sponsorship from parents or join fund with husband/wife/family members.

who's the mofo again?

Car Loan Max =Rm1.5K
House            =Rm1.5K
Expenditure  = Rm2K
Total            =Rm5K

say you are a bumi and work with the goverment, and let's say he got 200k in ASB investment account. My friend who work as a government servant told me the goverment loan interest is very low like 2.5 max 3%, so if he borrow 200k to buy a house, he just need to take money from the interest earn @ 8-9% in ASB to repay the loan...literally they are not paying any money to buy the house, still got extra money.

wow...a smart move, normally ASB bumiputra pay slightly higher
but when come to economy recession, u will get nothing or maybe lost some in it

actually, ASB is a capital guaranteed investment, you won't lose your money and 2ndly, if you look back the dividend return of ASB in 97-98 recession, some how it's quite high! Although I have no idea how and where they invest the fund, or may be they got bailout or something i oso dunno la

I stated in my earlier post.

The financial reports of ASB, ASN, ASW was "furnished". Dividend payout "jacked up".

Go read the audited report, and you'll find the investment combination is similar to the local funds. But the local funds didn't make as much profit.

It's politically motivated.

So basically it is a fund setup by the Govt using taxpayers money to subsidize and feed those lazy fella.

Ur definition is quite accurate.

So basically it is a fund setup by the Govt using taxpayers money to subsidize and feed those lazy fella.

Actually, the ASB is meant for the poor bumis. Those who can't afford to invest in other funds.
Can u buy only a single unit (RM1) of stock in any other funds? I doubt it.
Why poor bumis? I don't know.
But with regards with the bumis, in terms of absolute numbers AND on a proportionate basis, comparatively, there are still more poor bumis than none bumis. 
However, the weakness here is the possible abuse of the funds where the rich bumis are also allowed to invest in this fund. 
Yes, the rate of returns is usually higher than other funds, and the capital fixed. The aim is to assist them. Would we want those poor people to remain poor? No, I'm sure we're not that selfish.

yes i agree with you the distribution of wealth should be fair, and there is a lot of rich malay are taking advantage on the Govt policies (no need for me to elaborate more)

However i believe that poor people is not limited to Malay only, there are thousands of chinese, indian, kadazan, iban, bidayuh, orang asli etc who are poor. I think they deserve a chance to invest in ASN (Am i dreaming?)

actually, ASB is a capital guaranteed investment, you won't lose your money and 2ndly, if you look back the dividend return of ASB in 97-98 recession, some how it's quite high! Although I have no idea how and where they invest the fund, or may be they got bailout or something i oso dunno la

this is the whole new economic policy and new economic agenda argument again isn't it.

is the nep working? will the nea be better?

unfortunately there is no 1 answer that will be acceptable to all malaysians.

by the way, dr m's recently blogged on the nep. interesting to note his views.

I read his blog and see a senile old man deliberately avoiding issues that matter and focus on nitpicking microissues that offends him more than anyone else. everything that he farking accuese other people he was guilty of the same thing at one time or the other and yet he still exude this holier than thou attitude and keep on harping on the fact that people misunderstood him and keep on claiming that he has done his best and he has no regret..