Amanah Saham Nasional Berhad (ASNB)  has announced an income distribution of 6.00 sen per unit for Amanah Saham Nasional 3 Imbang (ASN 3) for the financial year ended 30 November, 2010.

This is an increase of 0.5 sen per unit compared with the income distribution of 5.50 sen per unit last year.

The income distribution will involve a total payment of RM7.3 million and would benefit a total of 10,952 unit holders who hold a combined 121.02 million units of ASN 3.

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Investors and analysts were generally bullish on Petronas Chemicals Group Bhd’s (PCG) listing on Bursa Malaysia tomorrow, saying Southeast Asia’s largest initial public offering (IPO) to date will hold its ground although tension in the Korean peninsula continues to threaten sentiment.

Apart from the chemical company’s strong financial fundamentals, analysts say it enjoys strong leverage from its parent company, the national oil corporation, Petroliam Nasional Bhd (Petronas).

Investment houses giving early target or fair prices for PCG. Most of them generally targeted  higher than IPO subscription prices. For comparison the IPO price is RM5.04 for individual and RM5.20 for institutional investors

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nyse vs nasdaq

It’s not hard to understand the world’s enthusiasm for U.S. investments. No other international financial market comes close to the size, accessibility, transparency and liquidity of U.S. stock markets.

Below are 3 main reasons why you should invest or trade in US Stock Market.

1. U.S. Markets are Better Capitalized

The U.S. stock markets represent the biggest single concentration of wealth in history. In terms of market capitalization, no other financial market comes close to the combined U.S. stock markets. As of the end of 2009, the market capitalization of the NYSE was valued at US11.84 trillion.

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Credit Card

OCBC is upgrading their existing titanium credit card to offer an excellent cash rebate on all transaction made. The highest cash  rebate is 5% based on spending made on petrol, grocery, bills and dining. On other transaction, they offering 1% rebate.

On top of cash rebate, they also offer sign-up offers such as 0% interest, 0% balance transfer and no annual fee for first year. For subsequent years annual fees will be waive with 12 times transaction on previous year.

OCBC also may pay your annual RM50 government service tax is you spend more than RM10,000 per year.

Below are the details on OCBC Titanium Credit Card

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Citibank launched a new overdraft facility called Citibank Ready Credit (CRC). It is a personal overdraft facility without collaterals targeting at working professionals aged between 24 to 55 with an annual income of a minimum RM24,000.

The Citibank Ready Credit is a “pay-as-you-use” overdraft facility with credit line between RM5,000 and RM120,000. Depending on individual profile, the interest rate is between 12 per cent to 18 per cent a year. For comparison credit card interest rate is fixed at a maximum of 18 per cent a year.

With a personalised Visa debit automated teller machine card and cheque book, the product allows access to instant cash and no cash advance fee is imposed.

Below are the benefits of Citibank Ready Credit (CRC)

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