KLCI 6 July 2011
12 years ago
Thursday, June 24, 2010
Tuesday, June 15, 2010
EPF's health withdrawal scheme to include 36 critical illnesses from June 15
Published: Monday June 14, 2010 MYT 8:52:00 PM
PETALING JAYA: Beginning Tuesday, Employees Provident Fund (EPF) contributors can withdraw money from their Account 2 for the treatment of 36 different critical illnesses, compared with 13 previously.
The list, which currently allows for the withdrawal for treatment of critical illnesses such as major organ transplant, multiple sclerosis, stroke and cancer, has now been expanded to include diseases such as Alzheimer's, Parkinson's, chronic liver and lung disease and lupus, EPF said in a statement Monday.
Also included in the list of 36 were treatment for heart attack, coma, kidney failure and paralysis.
In addition to the 36 critical illnesses, members could now make withdrawals to treat family members below the age of 16 for another three critical illnesses, namely severe asthma, leukaemia and intellectual impairment due to accident or sickness, the statement said.
"The new expanded list takes into consideration the significant costs required in treating these critical illnesses and is aimed at helping members fully settle or help ease their financial burden of seeking treatment," EPF chief executive officer Tan Sri Azlan Zainol said in the statement.
Under the EPF Health Withdrawal scheme, members are allowed to withdraw from their Account 2 to pay for their own and family members's medical costs for the treatment of critical illnesses.
"Family members under this withdrawal include spouse, children, step-children or legally-adopted children, parents, parents-in-law, step-parents or legally foster parents and siblings," the statement said, adding that members could also make joint withdrawals with family members to cover the required medical expenses.
According to EPF, members were not eligible for the withdrawal if the medical treatment cost was fully covered by their employer or if they were receiving fertility or alternative treatments.
For more information, log on to www.kwsp.gov.my, contact EPF's call centre at 03-8922-6000 or visit its nearest branch.-the star online
PETALING JAYA: Beginning Tuesday, Employees Provident Fund (EPF) contributors can withdraw money from their Account 2 for the treatment of 36 different critical illnesses, compared with 13 previously.
The list, which currently allows for the withdrawal for treatment of critical illnesses such as major organ transplant, multiple sclerosis, stroke and cancer, has now been expanded to include diseases such as Alzheimer's, Parkinson's, chronic liver and lung disease and lupus, EPF said in a statement Monday.
Also included in the list of 36 were treatment for heart attack, coma, kidney failure and paralysis.
In addition to the 36 critical illnesses, members could now make withdrawals to treat family members below the age of 16 for another three critical illnesses, namely severe asthma, leukaemia and intellectual impairment due to accident or sickness, the statement said.
"The new expanded list takes into consideration the significant costs required in treating these critical illnesses and is aimed at helping members fully settle or help ease their financial burden of seeking treatment," EPF chief executive officer Tan Sri Azlan Zainol said in the statement.
Under the EPF Health Withdrawal scheme, members are allowed to withdraw from their Account 2 to pay for their own and family members's medical costs for the treatment of critical illnesses.
"Family members under this withdrawal include spouse, children, step-children or legally-adopted children, parents, parents-in-law, step-parents or legally foster parents and siblings," the statement said, adding that members could also make joint withdrawals with family members to cover the required medical expenses.
According to EPF, members were not eligible for the withdrawal if the medical treatment cost was fully covered by their employer or if they were receiving fertility or alternative treatments.
For more information, log on to www.kwsp.gov.my, contact EPF's call centre at 03-8922-6000 or visit its nearest branch.-the star online
More EPF members making withdrawals for unit trust plan
Friday June 11, 2010
KUALA LUMPUR: A significantly larger number of Employees Provident Fund (EPF) members have opted to withdraw part of their retirement savings for investment in unit trusts.
The amount withdrawn under Members Investment Withdrawals in the first quarter of 2010 rose 43.26% to RM911.15mil from RM636.01mil withdrawn in the corresponding period last year, said EPF in a press statement.
Total applications approved under this withdrawal increased to 113,809 from 87,420 in the same period last year.
“The increase in withdrawals for investments is in tandem with the recovery in the domestic economy that began in the third quarter of 2009, and has since continued to gain momentum,” said EPF chief executive officer Tan Sri Azlan Zainol.
KUALA LUMPUR: A significantly larger number of Employees Provident Fund (EPF) members have opted to withdraw part of their retirement savings for investment in unit trusts.
The amount withdrawn under Members Investment Withdrawals in the first quarter of 2010 rose 43.26% to RM911.15mil from RM636.01mil withdrawn in the corresponding period last year, said EPF in a press statement.
Total applications approved under this withdrawal increased to 113,809 from 87,420 in the same period last year.
“The increase in withdrawals for investments is in tandem with the recovery in the domestic economy that began in the third quarter of 2009, and has since continued to gain momentum,” said EPF chief executive officer Tan Sri Azlan Zainol.
Monday, June 7, 2010
Get optimum returns from Public Mutual's new Public Optimal Growth Fund
Public Bank’s wholly-owned subsidiary, Public Mutual is launching a new fund, Public Optimal Growth Fund (POGF) on 8 June 2010. This fund invests in a diversified portfolio of dividend and growth stocks in the domestic market to achieve optimum returns for investors.
Public Mutual’s Chief Executive Officer Ms. Yeoh Kim Hong said global and regional equity markets have rebounded from multi-year lows in March 2009 on optimism that global economic activities will continue to strengthen on the back of government stimulus spending and supportive monetary policies. “Looking ahead, the domestic market should remain underpinned by the strengthening pace of economic recovery throughout the Asia Pacific region, resilient liquidity conditions and reasonable valuations,” she said.
POGF is an equity fund that seeks to provide income and capital growth by investing in stocks which offer attractive dividend yields and growth stocks in the domestic market. Half of the fund’s equity investment will be invested in a diversified portfolio of stocks which offer attractive dividend yields while the other half of the fund’s equity investment will be invested in a diversified portfolio of growth stocks in the domestic market. “Investors who are keen to invest in a portfolio of dividend and growth stocks in the domestic market will be able to achieve an optimal combination of income growth and capital appreciation over the long-term,” Yeoh added.
The equity exposure of POGF generally ranges from 75% to 98% of its net asset value (NAV). The fund is suitable for aggressive investors who wish to receive annual income while participating in the long-term growth potential of a diversified portfolio of dividend stocks and growth stocks in the domestic market.
The initial issue price of POGF is RM0.2500 per unit during the 21-day initial offer period from 8 to 28 June 2010. The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100. During the offer period, special promotional service charges as low as 5% of initial issue price per unit are extended to the purchase of units of POGF. Investors who opt for Direct Debit Instruction with POGF during the offer period will enjoy a special promotional service charge of 5.25% of NAV per unit for as long as the Direct Debit is active. Terms and conditions apply.
Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6207 5000 for more details of the fund.
Public Mutual is Malaysia’s largest private unit trust company with 77 funds under management. It has over 2,320,000 accountholders and as at 30 April 2010, the total net asset value of the funds managed by the company was RM37 billion.
Public Mutual’s Chief Executive Officer Ms. Yeoh Kim Hong said global and regional equity markets have rebounded from multi-year lows in March 2009 on optimism that global economic activities will continue to strengthen on the back of government stimulus spending and supportive monetary policies. “Looking ahead, the domestic market should remain underpinned by the strengthening pace of economic recovery throughout the Asia Pacific region, resilient liquidity conditions and reasonable valuations,” she said.
POGF is an equity fund that seeks to provide income and capital growth by investing in stocks which offer attractive dividend yields and growth stocks in the domestic market. Half of the fund’s equity investment will be invested in a diversified portfolio of stocks which offer attractive dividend yields while the other half of the fund’s equity investment will be invested in a diversified portfolio of growth stocks in the domestic market. “Investors who are keen to invest in a portfolio of dividend and growth stocks in the domestic market will be able to achieve an optimal combination of income growth and capital appreciation over the long-term,” Yeoh added.
The equity exposure of POGF generally ranges from 75% to 98% of its net asset value (NAV). The fund is suitable for aggressive investors who wish to receive annual income while participating in the long-term growth potential of a diversified portfolio of dividend stocks and growth stocks in the domestic market.
The initial issue price of POGF is RM0.2500 per unit during the 21-day initial offer period from 8 to 28 June 2010. The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100. During the offer period, special promotional service charges as low as 5% of initial issue price per unit are extended to the purchase of units of POGF. Investors who opt for Direct Debit Instruction with POGF during the offer period will enjoy a special promotional service charge of 5.25% of NAV per unit for as long as the Direct Debit is active. Terms and conditions apply.
Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6207 5000 for more details of the fund.
Public Mutual is Malaysia’s largest private unit trust company with 77 funds under management. It has over 2,320,000 accountholders and as at 30 April 2010, the total net asset value of the funds managed by the company was RM37 billion.
Saturday, June 5, 2010
Thursday, June 3, 2010
Public Mutual declares distributions for 11 funds
Public Bank’s wholly-owned subsidiary, Public Mutual, declared distributions for eleven funds totalling over RM440 million. The gross distributions declared for the respective funds for the financial year ended 31 May 2010 are as follow:-
Fund - Gross Distribution / Unit
Public Dividend Select Fund - 3.00 sen per unit
Public Ittikal Fund - 8.00 sen per unit
Public Islamic Equity Fund - 1.75 sen per unit
Public Islamic Select Treasures Fund -1.25 sen per unit
Public Far-East Select Fund - 1.75 sen per unit
Public Regional Sector Fund - 1.75 sen per unit
Public Global Select Fund - 0.75 sen per unit
Public China Titans Fund - 1.50 sen per unit
PB ASEAN Dividend Fund - 1.50 sen per unit
Public Balanced Fund - 7.00 sen per unit
Public Select Bond Fund - 4.50 sen per unit
Fund - Gross Distribution / Unit
Public Dividend Select Fund - 3.00 sen per unit
Public Ittikal Fund - 8.00 sen per unit
Public Islamic Equity Fund - 1.75 sen per unit
Public Islamic Select Treasures Fund -1.25 sen per unit
Public Far-East Select Fund - 1.75 sen per unit
Public Regional Sector Fund - 1.75 sen per unit
Public Global Select Fund - 0.75 sen per unit
Public China Titans Fund - 1.50 sen per unit
PB ASEAN Dividend Fund - 1.50 sen per unit
Public Balanced Fund - 7.00 sen per unit
Public Select Bond Fund - 4.50 sen per unit
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