Latest news with #RM423
The Star
30-06-2025
- Business
- The Star
ASB 3 Didik declares income distribution of 5.25 sen per unit
KUALA LUMPUR: Permodalan Nasional Bhd's (PNB) wholly owned unit trust management company Amanah Saham Nasional Bhd (ASNB) has declared a total income distribution payout of RM423 million for its fixed price fund Amanah Saham Bumiputera 3 Didik (ASB 3 Didik) for the financial year ending June 30, 2025. In a statement today, PNB said the income distribution is equivalent to 5.25 sen per unit for 338,320 unitholders who currently own 8.12 billion units. "The income distribution of ASB 3 Didik translates to total returns of 5.25 per cent, outperforming its benchmark Maybank 12-Month Fixed Deposit of 2.51 per cent by 274 basis points,' it said. PNB said that as of June 19, 2025, ASB 3 Didik recorded a net realised income of RM539.10 million. It said the fund was able to sustain the dividend payout of 5.25 sen made in the prior year, despite a much more challenging period due to the highly volatile global economic and capital market environment, arising from significant changes in the United States' trade policies and elevated geopolitical tensions. "This achievement underscores PNB's commitment to supporting bumiputera investors' long-term financial goals through disciplined and proactive investment management. "The fund has generated the majority of its earnings from realised gains and dividend income through a mix of local and global equity investments,' it added. Recognising the importance of income stability, the fund also diversified into global fixed income assets, ensuring a steady and reliable stream of income to support investors' financial stability and to balance the needs of both emerging young investors and our loyal investors. PNB added that transactions for ASB 3 Didik at ASNB branches and agents, including all online channels and internet banking, have been temporarily suspended from June 27-30, 2025, to facilitate the computation of the income distribution. - Bernama
New Straits Times
30-06-2025
- Business
- New Straits Times
ASNB announces RM423mil payout for ASB 3 Didik
KUALA LUMPUR: Permodalan Nasional Bhd's (PNB) unit trust management company, Amanah Saham Nasional Bhd (ASNB), has announced the income distribution for its fixed-price fund, Amanah Saham Bumiputera 3 Didik (ASB 3 Didik), for the financial year ending June 30, 2025. ASB 3 Didik declared a total payout of RM423 million, equivalent to 5.25 sen per unit, for 338,320 unitholders who currently hold 8.12 billion units. The income distribution of ASB 3 Didik translates to total returns of 5.25 per cent, outperforming its benchmark, Maybank 12-Month Fixed Deposit, of 2.51 per cent by 274 basis points. As of June 19, 2025, ASB 3 Didik recorded a net realised income of RM539.10 million. According to PNB, the fund was able to sustain the dividend payout of 5.25 sen made in the prior year, despite a much more challenging period due to the highly volatile global economic and capital market environment arising from significant changes in US trade policies and elevated geopolitical tensions. "This achievement underscores PNB's commitment to supporting Bumiputera investors' long-term financial goals through disciplined and proactive investment management. "The fund has generated the majority of their earnings from realised gains and dividend income through a mix of local and global equity investments," it said in a statement. Recognising the importance of income stability, PNB said the fund also diversified into global fixed-income assets, ensuring a steady and reliable stream of income to support investors' financial stability to balance the needs of both emerging young investors and its loyal investors. PNB noted that this outcome reflects its disciplined investment approach, anchored by robust portfolio management, proactive risk oversight, and continuous performance evaluation. "ASB 3 Didik's ability to generate sustainable returns amid evolving market turbulence reinforces its position as a trusted and competitive long-term investment partner dedicated to empowering Bumiputera investors to uplift their financial lives. "The fund also offers an opportunity for investors to position themselves to take advantage of future market recoveries and growth opportunities, helping the young investors to achieve their financial aspirations with confidence and stability, while protecting the investment which caters to the needs of our loyal (senior) investors," it added. PNB said the computation of income distribution for ASB 3 Didik is based on the average minimum monthly balance held throughout the financial year of the fund. The distribution declared will be automatically reinvested into unitholders' accounts on July 1, 2025. Transactions for ASB 3 Didik at ASNB branches and agents, including all online channels and internet banking, have been temporarily suspended from June 27 to 30, 2025, to facilitate the computation of the income distribution. Meanwhile, PNB and ASNB have also launched the 'Labur & Level Up' campaign, running from June 1, 2025, to March 31, 2026, in line with their ongoing commitment to promoting financial literacy and helping Malaysians build long-term wealth. The campaign rewards investors for staying consistent in growing their savings and working towards their financial goals through the myASNB app, with a chance to win a share of RM1.18 million in total prizes.
Barnama
30-06-2025
- Business
- Barnama
ASB 3 Didik Declares Income Distribution Of 5.25 Sen Per Unit
BUSINESS KUALA LUMPUR, June 30 (Bernama) -- Permodalan Nasional Bhd's (PNB) wholly owned unit trust management company Amanah Saham Nasional Bhd (ASNB) has declared a total income distribution payout of RM423 million for its fixed price fund Amanah Saham Bumiputera 3 Didik (ASB 3 Didik) for the financial year ending June 30, 2025. In a statement today, PNB said the income distribution is equivalent to 5.25 sen per unit for 338,320 unitholders who currently own 8.12 billion units. 'The income distribution of ASB 3 Didik translates to total returns of 5.25 per cent, outperforming its benchmark Maybank 12-Month Fixed Deposit of 2.51 per cent by 274 basis points,' it said. PNB said that as of June 19, 2025, ASB 3 Didik recorded a net realised income of RM539.10 million. It said the fund was able to sustain the dividend payout of 5.25 sen made in the prior year, despite a much more challenging period due to the highly volatile global economic and capital market environment, arising from significant changes in the United States' trade policies and elevated geopolitical tensions. 'This achievement underscores PNB's commitment to supporting bumiputera investors' long-term financial goals through disciplined and proactive investment management. 'The fund has generated the majority of its earnings from realised gains and dividend income through a mix of local and global equity investments,' it added. Recognising the importance of income stability, the fund also diversified into global fixed income assets, ensuring a steady and reliable stream of income to support investors' financial stability and to balance the needs of both emerging young investors and our loyal investors. PNB added that transactions for ASB 3 Didik at ASNB branches and agents, including all online channels and internet banking, have been temporarily suspended from June 27-30, 2025, to facilitate the computation of the income distribution.
The Star
11-06-2025
- Entertainment
- The Star
Step into Princess Diana's closet at the biggest auction of her style
The final calico toile for Princess Diana's Royal wedding gown designed by David and Elizabeth Emanuel is displayed next to sketches and sewing machine. Photo: Reuters From colourful frocks and hats to handbags and shoes, items belonging to the late Princess Diana go under the hammer this month in what Julien's Auctions says is the largest collection of her fashion to go to auction. The live and online "Princess Diana's Style & A Royal Collection" sale will take place on June 26 at The Peninsula Beverly Hills, offering an array of fashion items Diana wore. "This is the largest Princess Diana auction because we have over 100 items from her amazing life and career... keeping in mind Diana herself... sold over 70 of her dresses... back in 1997 to raise money for her charity," Martin Nolan, executive director and co-founder of Julien's Auctions, said. Read more: Style reigns supreme: Catherine, Princess of Wales, proves she's still got it He was speaking at the Museum of Style Icons in Newbridge in Ireland during a pre-sale exhibition. Among the highlights is a 1988 silk floral dress by Bellville Sassoon, dubbed the "caring dress" because Diana wore it several times on hospital visits, with a price estimate of US$200,000-US$300,000 (approximately RM847,400-RM1.3mil). A cream silk embroidered evening gown Catherine Walker designed for Diana's 1986 Gulf tour has a similar price tag, while a Bruce Oldfield two-piece yellow floral ensemble she wore for Royal Ascot in 1987 is estimated at US$100,000-US$200,000 (RM423,700-RM847,400). A Bruce Oldfield yellow floral dress is seen next to an Belville Sassoon floral day dress on display in 'Princess Diana's Style & A Royal Collection', the largest collection of the Princess of Wales' fashion ever to appear at auction in history, Photo: Reuters Other sale items include a Dior handbag gifted to her by former French first lady Bernadette Chirac in 1995, a sketch of Diana's 1981 wedding dress with tulle fabric cut-offs from when she married then Prince Charles in 1981, and a peach hat she wore for her honeymoon send-off. The auction also includes pieces belonging to other British royals including the late Queen Elizabeth II and the queen mother. Read more: Suits and signet rings: King Charles' fashion through the ages Nolan said Julien's Auctions had previously sold a dress belonging to Diana for US$1.14mil (RM4.83mil). "People do consider these items as an asset class now, because if people own these items today, chances are in years to come they will sell them for more than what they pay for (at) auction," he said. Part of the proceeds from the sale of Diana's items will go to charity Muscular Dystrophy UK. The pre-sale exhibition in Newbridge will run until June 17. – Reuters
New Straits Times
23-05-2025
- Business
- New Straits Times
Velesto secures US$90mil drilling contract in Indonesia
KUALA LUMPUR: Velesto Energy Bhd has secured a new drilling contract valued at US$90 million (RM423 million) from three Indonesian oil and gas companies for the deployment of its Naga 8 jack-up rig in Indonesia. The contract was awarded by PC Ketapang II Ltd , PC North Madura II Ltd and Petronas North Ketapang Sdn Bhd, the group said in a filing with Bursa Malaysia. Scheduled to commence in July 2025, the project covers a firm period of four years covering 12 firm wells and three optional wells. A suspension period is planned from February to July 2026, during which Velesto retains the right to market Naga 8 for other opportunities. Operations are anticipated to resume in July 2026, with any changes to the suspension timeline to be communicated by the three firms. The contract is expected to contribute positively towards the company's earnings and net assets from 2025 to 2028. Velesto president Megat Zariman Abdul Rahim said in a statement that the contract reflects the company's ongoing efforts to expand footprint in Southeast Asia. "As the second contract secured in the region, it solidifies our commitment to this strategic growth. "Our focus remains on building a healthy portfolio of contracts that strengthen the outlook and create long-term value for our stakeholders," he added. Velesto said the contract strengthens its position as a key player in Southeast Asia's oil and gas sector, in line with its long-term strategy to broaden its regional presence while maintaining high operational standards. Naga 8 is a premium independent-leg cantilever jack-up drilling rig with drilling depth capability of 30,000 feet and has a rated operating water depth of 400 feet.
