Finances

Calling all small-and-medium enterprises (SME) who want to raise funds to expand your business. Meanwhile, for investors, you have another market for you to consider (maybe for diversification purpose or searching for high potential return?). Introducing Leading Entrepreneur Accelerator Platform (LEAP) !!! LEAP Market is a new market offered by Bursa Malaysia which aims to: provide SMEs and other companies with greater fund raising access and visibility via the capital market; and  be accessible only to sophisticated investors * * as prescribed under the Capital Markets and Services Act 2007 The LEAP Market aims to bring together potential issuers, intermediaries, and Sophisticated Investors onto a new platform to create a conducive marketplace for fund raising . The LEAP Market provides an efficient and transparent capital formation and price discovery mechanisms compare to private market. Sophisticated Investors can now have greater opportunities to participate in the growth of...

Along with the continuous efforts by Bank Negara Malaysia (BNM) to further tightening the local financial industry, insurance companies could be their next focus. Why said so? Based on a news report by Bloomberg: 'Foreign insurers have until the end of June 2018 to reduce their holdings in local firms to 70% at most , one person said. The country’s central bank has been weighing tougher enforcement of a cap on foreign ownership as it seeks to boost local participation in the industry, people familiar with the matter said in April.' Then? Automatically, this will make us think about a few foreign insurers which are operating in Malaysia currently such as Great Eastern, Prudential, AIA and Tokio Marine . All of them are wholly owned local unit by their foreign-based parent company. Reducing the parent's shareholding to 70% means that they have to sell its stakes or opt for an IPO listing here. Which way is better? Selling a stake (30% at least) to local counterparts definite...

Are you an investor of Amanah Saham Nasional? It's troublesome to bring your ASNB passbook to update the dividend and transactions annually? Scared that you will misplace the passbook when moving house? No worry! ASNB heard it and understand your difficulties, thus, they are doing away the passbook from now onwards. Announcement #1 With effect from 28 June 2017 , ASNB will implement transaction facility without passbook for all ASNB funds to facilitate and expedite transactions for our unit holders. Unitholders are required to present their Mykad for all transactions including  additional investment and redemption at all ASNB branches and agents. A printed transaction receipt will be given for every transaction. Yes. Just bring your MyKad will do. Enjoy your process. Announcement #2 INCOME DISTRIBUTION STATEMENTS, ANNUAL REPORTS AND INTERIM REPORTS THROUGH ELECTRONIC MEANS EFFECTIVE 2018 Effective from the financial year ending 2018 onwards, all the unit trust funds...