Monday, March 29, 2010

How to calculate ASB dividend and bonus-invest for the future


Many of us get confused when they received ASB yearly statement. So with some help from Cari.com.my forumers, I have compiled the way to calculate ASB dividend and bonus.

Calculating Dividend

ASB dividend is computed monthly but it will be distributed annually. Let say PNB have declared that this year dividend rate is 7%. This is how to calculate your dividend:

monthly dividend income= 0.07 / 12 x minimum balance
Annual dividend income ( this will be shown up in you balance) = sum of monthly dividend for that year

Calculating Bonus:

Bonus is given to minimum monthly bonus for the past 10 years (120 months). Bonus will be most beneficial to those who have been saving for at least 10 years. Let’s say ASB bonus is 2% this year.To calculate Bonus:

monthly bonus = 0.02/120 x minimum monthly balance

When i said monthly balance, it is not this year’s months only, but including the months’ from the past 10 years.
this year bonus = sums of monthly bonus for the past 120 months

Example: Let’s say that you just invest for 4 years (48 months) and your average monthly balance for the past 48 months is $1000. So the bonus will be 48 x ( 0.02/120 x 1000) = $8

So that’s how to calculate the bonus and dividend for ASB.

Tuesday, March 2, 2010

UMSKAL students protest water problem

No water problem solving, students have risen speech and held a rally to urge the water problem must be solved.
after two semesters or 1years but water problem still an issue, but students with prudent to discuss with University management and provide a memorandum through the MPP but the problem of water supply and still not provided sufficient requirements of umskal student. Because of this pressure and no water solution,student has risen,speak out and submit a memorandum.

some photos

8PM-depan blok palapes

Morning 8.30am,umskal tower
Police also called for monitoring