ASB, ASB 2 investment limit increased to RM300,000


PNB president and group chief executive officer Ahmad Zulqarnain Onn

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has announced the increment of investment limit for Amanah Saham Bumiputera (ASB) and Amanah Saham Bumiputera 2 (ASB 2) to RM300,000 from RM200,000 in 2023.

"PNB is very honoured to be given the opportunity to further inculcate the saving culture and investment habit among Malaysians, in line with our mandate to increase the economic wealth of the Bumiputera community and all Malaysians, for the prosperity of the nation,” president and group chief executive Ahmad Zulqarnain Onn said in a statement.

PNB said the details of the increase in ASB and ASB 2 investment limits would be announced by Amanah Saham Nasional Bhd (ASNB), PNB's wholly owned unit trust management company, in due course.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, during the tabling of Budget 2023, said the move was proposed to increase equity ownership among the Bumiputera community in the country.

Bank Simpanan Nasional will also provide easy financing fund to assist the B40 Bumiputera to invest in ASB with loans offered at a rate of 1.5% for RM100,000 fund.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Financial planners urged to embrace technology to better serve clients
KL shares flat at midday
Elon Musk briefly loses top spot on Forbes billionaire list
Asia stocks edge up despite global growth worries
Malaysian banks remain steadfast in supporting economic recovery
Ringgit opens higher against US dollar
Muhibbah gets to increase orderbook with PETRONAS Carigali job
Quick take: KNM falls 10% in active trade over default concerns
FBM KLCI little changed in early trade
Trading ideas: Gamuda, QES Group, Wah Seong, Muhibbah, Sunview, KNM

Others Also Read