Saturday, July 11, 2009

Amanah Saham 1Malaysia

The gap between the rich and the poor in Malaysia is greatly reduced. The economy has in effect being restructured by New Economy Policy. The result is that the wealth is evenly distributed. Consequently, the development of a financial chasm separating the rich from the poor is shortening.

Prime Minister Datuk Seri Mohd Najib Tun Abdul Razak said, in an effort to ensure an even distribution of wealth, especially for the hardcore poor in the urban areas, the government has allocated RM100 million for the Skim Amanah Saham Wawasan.

In 2010, he said a total of 10,000 hard core poor households, would be given 10,000 units under the E-Kasih list. Datuk Seri Mohd Najib Tun Abdul Razak who made the announcement said, the government has agreed to Permodalan Nasional Bhd (PNB) establishing a new unit trust fund, Amanah Saham 1Malaysia, with a size of 10 billion units.

He said, the new fund would be launched soon and is open to all Malaysians above 18. The fund, he explained, is expected to provide an investment opportunity to investors to enjoy reasonable returns over the long term.

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