ASB : RM 4.95 Billion plus RM 537.65 Million bonus payout to 6.78 million (malay muslims), says the Chairman of Permodalan Nasional Bhd

ASB : RM 4.95 Billion plus RM 537.65 Million bonus payout to 6.78 million (malay muslims), says the Chairman of Permodalan Nasional Bhd (PNB) Tun Ahmad Sarji. But why is this part of the country’s wealth not shared with the poor and working class Indians. Why are the Indians yet again being excluded from the national mainstream development of Malaysia.

The UMNO Amanah Saham 1 Malaysia ASB, PNB or any other such shares gives out lucrative dividends and bonuses of 7.3% and upwards even up to 12%.

IF only UMNO and PNB arranges for Maybank, CIMB etc loans for these poor and working class Indians as they have done for the malay muslims, these Indians would have also benefited at least from the 7.3% minus 4% bank interest ie 3.3% net profit per annum returns. Just by lending and or giving their names and their Identity Cards and without taking out a single cent to Maybank, CIMB etc these poor and working class Indians would be guaranteed a minimum of a couple of thousand ringgit of this PNB bonuses and dividends every year. It is in effect free money by the UMNO government but the poor Indians are excluded.

This UMNO government’s scheme of redistributing the wealth of the country to the poor must also reach out to the poor and working class Indians as it reaches out the Malay muslims.

P. Uthayakumar.

HRP Secretary General