Investors of the Amanah Saham Bumiputera (ASB) fund may see better dividend distribution this year, since the country's economy has been showing a positive growth rate.

Permodalan Nasional Bhd (PNB) president and group chief executive Tan Sri Hamad Kama Piah Che Othman said the state-owned company has been providing good returns through its various funds to its investors every year.

"Our past record revealed that despite facing economy slowdowns, PNB continued to offer a promising dividend rate," he told reporters after he paid PNB's business tithes amounting to RM1.7million for the financial year 2008 to Tengku Mahkota Pahang, Tengku Abdullah Sultan Ahmad Shah at Istana Abdulaziz in Kuantan yesterday. Tengku Abdullah is the Pahang Islamic Affairs and Malay Customs Council president.

Earlier, Hamad Kama Piah said Pahang is the fourth state to receive the business tithes from PNB for 2008.

Other states were Sarawak totalling RM2.7 million, Malacca RM900,000 and Penang RM2.2million.
The business tithes paid by PNB is calculated based on profit derived by the institution from investment holdings, property managment, unit trust management and consultation services.

source HERE

Posted by Mr Thx Wednesday, December 9, 2009


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