logo
ASSAR announces final dividend of 3.0 sen per unit

ASSAR announces final dividend of 3.0 sen per unit

The Sun16-07-2025
KUCHING: Amanah Saham Sarawak (ASSAR) today announced a final dividend of 3.0 sen per unit for the financial year 2025.
Sarawak Premier Tan Sri Abang Johari Tun Openg said the second distribution after the interim distribution in January would involve a payment of RM14.52 million to 57,870 investors, calculated based on the remaining unit holdings as of June 30, 2025.
'ASSAR's total dividend for the financial year ending June 30, 2025 is 6.0 sen per unit, comprising an interim dividend of 3.0 sen per unit plus a final dividend of 3.0 sen per unit, with a total distribution of RM28.76 million,' he said when announcing the dividend distribution here.
Abang Johari said that to ensure ASSAR remains relevant and close to the hearts of the community, ASSAR needs to take the initiative to reach out to investors, especially those in the rural areas.
He said the launch of ASSAR's mobile office today was also important in its efforts to reach out to investors.
'With the launch of this mobile office, I am confident that more people will have easy access to investment information and services related to ASSAR funds without having to come to the ASSAR office in Kuching.
'I hope initiatives like this will continue and expand. We want to see more innovations in the way services are delivered in this state, especially in rural areas - so that it is more inclusive, people-friendly and efficient,' he said.
ASSAR was launched on Aug 25, 1993 to provide opportunities for the bumiputera in Sarawak to participate in the country's economic development through a collective investment scheme in the capital market.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

GDP not true measure of prosperity, focus must be on fair growth, says Abang Johari
GDP not true measure of prosperity, focus must be on fair growth, says Abang Johari

Borneo Post

time9 hours ago

  • Borneo Post

GDP not true measure of prosperity, focus must be on fair growth, says Abang Johari

Abang Johari arrives at the PSFTC 2025. – Photo by Mohd Faisal Ahmad KUCHING (Aug 6): Gross Domestic Product (GDP) figures should not be viewed as the sole measure of a nation's prosperity, said Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg. Speaking at the Public Sector Financial Transformation Conference (PSFTC) 2025 here today, he pointed out that while GDP growth is often used to gauge economic progress, it does not necessarily reflect the true quality of life or economic well-being of the people. 'GDP growth can reflect that a country is developing and achieving higher economic returns. But it doesn't really reflect what's happening on the ground. 'GDP does not necessarily give you the right picture. A country can appear prosperous, but its people may still struggle,' he said, citing Nobel Prize-winning economist Joseph Stiglitz, who has long argued that GDP is a limited and sometimes misleading measure of national well-being. Abang Johari explained that GDP, which is calculated by dividing the total value of goods and services by the population, does not capture existing inequalities in society. 'There are certain sectors of the society that remain poor. 'Because of that, my view is that while we maintain and try to put good GDP numbers, we must also have a process to redistribute that growth fairly to our citizens,' he said. He highlighted education as a key pillar of equitable development under the state's Post Covid-19 Development Strategy (PCDS) 2030. 'Against that background, we can uplift the quality of our people with the right educational background to add value to our resources. 'Thus, God willing, starting next year, we will give free tertiary education to all Sarawakians,' he said. Addressing the audience of senior officials, department heads, and finance professionals, Abang Johari also outlined the importance of sound financial planning. He emphasised three core principles: consumption, investment, and savings. 'These three components must be the determining factors when you draw your budget. 'If we follow this principle, I believe that the state or the government will be on the right path,' he said. Drawing comparisons to Nordic countries such as Norway, Finland, and Sweden, Abang Johari praised their disciplined and effective financial management. He noted that although Norway discovered its oil and gas reserves later than Malaysia, it has successfully elevated the living standards of its people through careful resource management. 'In Sarawak, we have some income but we have to look into how we manage our income. 'That is why I set up our sovereign wealth fund and whatever we have, we don't spend it lavishly,' he said. Abang Johari also stressed that public finances must ultimately benefit the people, especially through strategic redistribution efforts. 'We must make sure that when we redistribute, it must have an impact on the people. 'This is what I call a re-engagement exercise.' Abang Johari fair growth GDP

Sarawak aims to adopt Nordic financial strategies for economic growth
Sarawak aims to adopt Nordic financial strategies for economic growth

The Sun

time10 hours ago

  • The Sun

Sarawak aims to adopt Nordic financial strategies for economic growth

KUCHING: Sarawak Premier Tan Sri Abang Johari Tun Openg has called for the state to adopt the disciplined financial practices of Nordic countries to secure long-term economic stability. He highlighted Finland, Sweden, and Norway as examples of nations excelling in fiscal management despite smaller populations. 'Norway discovered oil in the North Sea much later than Malaysia did in 1910, yet today it is a wealthy nation,' he said. Abang Johari noted Norway's high standard of living as proof of effective financial governance. 'That is why we must closely examine how we manage our finances,' he added. Speaking at the Public Sector Financial Transformation Conference 2025, he stressed Sarawak's need to wisely manage its revenue. The state government has established the Sarawak Sovereign Wealth Future Fund to ensure sustainable financial planning. 'Whatever money we have, we do not spend it lavishly,' he stated. He emphasised redistributing income, including oil revenue, to benefit the public effectively. – Bernama

'Sarawak to continue investing in infrastructure, social capital as it's fiscally strong'
'Sarawak to continue investing in infrastructure, social capital as it's fiscally strong'

New Straits Times

time11 hours ago

  • New Straits Times

'Sarawak to continue investing in infrastructure, social capital as it's fiscally strong'

KUCHING: Premier Tan Sri Abang Johari Openg today gave his assurances that, despite the global headwinds, Sarawak remains fiscally strong with a healthy cash reserve in place. As such, he said, the state government will continue to invest in long-term infrastructure and social capital. "We will also continue to pursue revenue reengineering through mechanisms like the State Sales Tax, carbon trading framework and public-private partnerships (PPP)," he said in his address at the Public Sector Financial Transformation Conference 2025 here. Abang Johari said the strength of the state government's financial management determines its ability to deliver services, invest in infrastructure, address inequality, and ensure intergenerational equity. "We cannot talk about financial transformation without reforming the way we govern and deliver value," he said, explaining the reasons the state government is investing in digitalisation of procurement, budgeting, and payment systems. Abang Johari, who is also the state finance and new economy minister, said the Sarawak government is also investing in data-driven decision-making through Sarawak ID and digital government platforms. He said the state government is promoting transparency through audit reforms and open data initiatives. He added that financial transformation is not just an accounting exercise but about building trust, credibility and citizen confidence in public institutions. Abang Johari said, for Sarawak, financial transformation is not a choice, but a necessity. "It underpins our journey toward becoming a high income, low-carbon state by 2030," he said. He added that effective public finance is key to mobilising resources, improving governance, and aligning the state's policies with the demands of environment, social and governance (ESG), digitalisation, and citizen expectations. He urged all state ministries, departments, agencies, statutory bodies and government-linked companies to embed performance and outcomes into every budget and embrace digital tools to enhance transparency and efficiency. Abang Johari also asked them to invest in talent development and capacity-building and champion accountability as a shared responsibility.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store