Amanah Saham Nasional Berhad (ASNB), announced a dividend of 6.50 sen per unit for Amanah Saham 1Malaysia (AS 1Malaysia) for the financial year ended 30th September 2011.
This second dividend is 0.12 sen per unit higher when compared with 6.38 sen per unit announced for 2010. Kindly refer to “Historical AS1 Malaysia Dividend Rate” for previous year dividend.
The dividend will involve a total payment of RM311.27 million and will benefit 270,598 unit holders who currently hold 5.49 billion units of AS 1Malaysia.
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The following data are as of end 2010. Two (2) Malaysia’s pension funds namely Employees Provident Funds (EPF) and Kumpulan Wang Persaraan (KWAP) listed in top 300 world’s largest pension funds.
EPF jump from 19th spot in 2010 to 9th spot in 2011 with total assets grew from $109 billion to $146 billion. EPF even overtaking Singapore’s fund, Central Provident Fund
KWAP, Malaysian second largest pension fund is at number 139 up to nine spots from 148 in 2010. Total assets grow from $19 billion to $22 billion.
The table below is the full top 300 World’s Largest Pension Funds for 2011.
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World Economic Forum (WEF) which is based in Geneva, Switzerland recently release “The Global Competitiveness Report 2011-2012”. The ranking is based on 12 pillars to measure the competitiveness for each countries.
The pillars are Institutions, Infrastructure, Macroeconomic environment, Health and primary education, Higher education and training, Goods market efficiency, Labor market efficiency, Financial market development, Technological readiness, Market size, Business sophistication & Innovation.
In the report, Malaysia at number 21st from 142 countries, up 5 position from 26th in 2010.
The table below is top 25 of the ranking.
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OSK believe that palm oil price is set for a counter trend rally and its price action in the past weeks supports their view. At the very least, the bearish forces which had caused palm oil price to dip below RM3,000 appear to be spent for now as inventory continues to ease.
The bullish soybean market has yet to help push up palm oil price but should eventually give it a lift if the former continues to move up in the next 2 months.
Malaysia’s weakening palm oil production is also supportive of higher palm oil prices in the immediate term, especially given its large USD246 discount to soybean oil
OSK continue to like the sector as a short term tactical play but wary of stronger production in 2012, especially with the possible resurgence of the La Nina weather conditions.
Below are the target prices and ratings for selected plantation stock.
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According to “Registration of Businesses Act 1956 (Act 197)” business or company owner is required to register his business not later than 30 days from the date of business commencement.
The fastest way to register a business or company is by visiting “Suruhanjaya Syarikat Malaysia (SSM)” office nationwide. If for any reason, you want to do it via internet you can use the following procedure. (Note :- The steps below is only the summary. Details explanation which includes screenshots will be posted in subsequent articles).
Register a Business
- Register for SSM e-account
- Register with myGovernment as PSP (Public Service Portal) user
- Subscribe to “SSM Subscriber Registration”
- Apply for Business Name Approval (ROB)
- Registration of Business (ROB)
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