Citibank is having a new credit card called Citibank PremierMiles Credit Card. The card carries a VISA Signature logo and it is suppose to be more prestigious than platinum card.
The card will reward you 1 PremierMile for every RM3 spend on shopping, dining, entertainment or travel, anywhere in the world. The PremierMiles can be used to redeem on over 50 airlines or to offset your travel purchases.
That’s right! you can fly at your convenience on the airline of your choice. And the best part is the PremierMiles are never expired.
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CapitaMalls Asia Ltd, one of the largest property developer in Singapore will list of its Malaysian assets in a real estate investment trust (REIT) on Bursa Malaysia.
The listing of CapitaMalls Malaysia Trust (CMMT) REIT on the Main Market of Bursa Malaysia on July 16 is expected to have a market capitalisation of RM1.4bil if an over-allotment option of up to 15% of the offering of 786 million units is exercised. If this portion is not exercised, it may raise RM864mil.
The IPO follows the RM1.5bil raised by Sunway REIT in its initial sale last week.
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We are OVERWEIGHT on the retail sector. Besides the favorable outlook, the sector is one of the highest dividends yielding, which makes it a good pick in anticipation of a volatile 2H10. Our top pick is Parkson Holdings (PHB) (BUY, TP 6.75), which is poised to ride on the strong recovery in China’s domestic consumption and Zhulian (BUY, TP RM3.77), given its solid fundamentals compared to its peers, as well as its attractive dividend yield.
Below are the target price for consumer product sector.
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Bank Negara Malaysia (BNM) is issuing special Commemorative Coins which is available for sale starting 16th June 2010.
If you are coins collector, this is a good news for you. You need to react fast as the coins are only available in limited quantity and sold on first come first serve basis.
A commemorative coin is a legal tender coin issued by the Bank to commemorate a specific and significant occasion, outstanding person or place or to mark the anniversary of an historic event.
The following coins are available for sales.
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Amanah Saham Nasional Berhad (ASNB), a wholly owned subsidiary of Permodalan Nasional Berhad (PNB) has announced an income distribution of 5.20 sen per unit for Amanah Saham Nasional 2 ( ASN 2) for the financial year ended June 30, 2010.
Based on the net asset value (NAV) growth of ASN 2 from RM0.9122 per unit on June 30, 2009 to RM1.0872 per unit on June 21, 2010, the total returns recorded for ASN 2 is 19.18 percent.
The income distribution will involve a total payment of RM11.2 million and would benefit a total of 9,237 unit holders who collectively owned 215 million units of ASN 2.
The fund performed better throughout the financial year ended June 30, 2010 compared to the previous corresponding period. This is in line with the encouraging performance of the country’s economy and local bourse which saw the FBM KLCI index increasing by 24.19 percent from 1,075.24 points recorded on June 30, 2009 to 1,335.29 points recorded on June 21, 2010.
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