Prime Minister Datuk Seri Najib Razak, who is also Finance Minister, unveiled 2014 budgets in the Parliaments on Friday 25th October 2013. The 2014 Budget is formulating based on the theme “Strengthening Economic Resilience, Accelerating Transformation And Fulfilling Promises”.
There are five main thrusts in 2014 budget.
First Thrust :- Invigorating Economic Activity
Second Thrust :- Strengthening Fiscal Management
Third Thrust :- Inculcating Excellence in Human Capital
Fourth Thrust :- Intensifying Urban and Rural Development
Fifth Thrust :- Ensuring Well-Being of the Rakyat
The following are 2014 Budget highlights for Personal Finance and Investment.
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Karex Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 13.5 million shares. It was oversubscribed by 21.76 times. The IPO attract 20,795 applications or 307.3 million shares.
Notices of Allotment will be dispatched by post to all successful applicants on or before 4th November 2013. Karex is expected to be listed on the Main Market of Bursa Malaysia on 6th November 2013 under stock name “KAREX”.
Below are the allotment summary.
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This article is written by Sharif Rahman, the co-author of 259 Trillion Vs 5 Trillion book series. It was translated from his latest book, specially designed for Malaysians Muslim. However, non-Muslim are most welcomed to read it, either by skipping chapter one or by reading it as it is to understand the inner workings of Muslim Gold Bugs. The book is written entirely in Bahasa Melayu and an interesting portion of it is translated here into English for everyone’s reading pleasure. The title of the e-book is “Kegagalan Emas Sebagai Aset Pelaburan” and is available for order. For previews and sneak peek inside the 300pages new e-book, go here (http://sirikegagalanemas.wordpress.com).
This article is adapted from the chapter “Mengapakah Emas itu Merosakkan”, about the Indian Rupee (which is a hot topic right now) and why it crashed.
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UMW Oil & Gas Corporation Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 43.2 million shares. It was oversubscribed by 10.72 times. The IPO attract 38,806 applications for 506.6 million shares.
The Institutional Price was fixed at RM2.80 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM2.80 per Offer Share as set out in the prospectus. As such there is no refund to be made to successful retail applicants.
Below are the allotment summary.
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Berjaya Auto Bhd, a company that involve in distribution, retailing and servicing of Mazda vehicles is scheduled to be listed in Main Market of Bursa Malaysia on 18th November 2013.
The Initial Public Offering (IPO) consists of public issues of 82.8 million new ordinary shares at an IPO price of RM0.70 per share.
Out of this, 41.4 million shares are allocated for are for private placement, 10.2 million shares allocated for Bumiputera investors approved by MITI, 19.2 million shares reserved for application by the shareholders of Berjaya Corporation Berhad and the remaining 12 million shares reserved for the eligible directors, employees and business associates.
Unfortunately, there is no allocation for general public to subscribe to Berjaya Auto IPO.
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