Public Mutual declares distributions of over RM20mil for three funds
In a statement today, the unit trust manager said the total gross distributions are 3.75 sen per unit for Public Select Bond Fund, 0.20 sen per unit for Public Dividend Select Fund, and 0.10 sen per unit for the PB ASEAN Dividend Fund.
The Public Select Bond Fund and PB ASEAN Dividend Fund follow an annual distribution policy, while the Public Dividend Select Fund declares distributions on a semi-annual basis, it added.
Public Mutual is Malaysia's largest private unit trust company, managing more than 180 funds and operates 31 branches and customer service centres nationwide.
It is also an approved Private Retirement Scheme (PRS) provider, managing nine PRS funds. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Borneo Post
3 hours ago
- Borneo Post
Suria Capital denies transfer of Jesselton Point operations to Easybook
Ng (seventh from right) with senior members of the Group and ferry operators during the press conference. KOTA KINABALU (July 18): Suria Bumiria Sdn Bhd, a wholly owned subsidiary of Suria Capital Holdings Berhad, has refuted recent claims suggesting that operations of the Jesselton Point Ferry Terminal (JPFT) had been transferred to Easybook. 'We wish to firmly reiterate that JPFT remains exclusively operated and managed by Suria Bumiria Sdn Bhd. There has been no transfer of operational control to Easybook,' said Datuk Ng Kiat Min, Group Managing Director of Suria Capital Holdings Berhad, at a press conference held at the Group's office in Jesselton Quay today. Ng clarified that Easybook serves solely as the appointed ticketing platform for the Centralised Terminal Ticketing (CTT) system at JPFT, handling offline ticket transactions to nearby islands. She added that Easybook also provides CTT system services at other major terminals across Sabah, including the Inanam Bus Terminal, Tawau Bandar Sri Indah Bus Terminal, KK Sentral and Menumbok Ferry Terminal. Ng also addressed allegations of sudden fee increases for operators at JPFT, stating that a revised business model was introduced following extensive consultations and town hall sessions with boat operators. 'This new model was designed to ensure transparent, systematic and fair charging rates via a professional booking platform. It was developed with the consent and endorsement of the operators, affirming our shared commitment to enhance service delivery and promote sustainable growth,' she said. The revised model supports the planned RM20 million relocation of JPFT to Kota Kinabalu Port's South Jetty — an investment by Suria Bumiria in support of the Group's Jesselton Docklands development. The relocation is expected to take place by the end of 2025, and the interim facility at the South Jetty will maintain island connectivity for five to six years. Ng also shared that a consensus-based pricing framework has been introduced to prevent price wars, discourage touting, and promote a fair and orderly marketplace. 'This framework was agreed upon by operators following multiple town hall sessions and is aimed at ensuring the long-term health of the industry,' she said. She denied allegations that operators were given only three days to register or face the risk of losing operating rights. 'The rights of operators at JPFT remain secure, subject only to compliance with existing contractual obligations, terminal management policies and relevant regulations,' she affirmed. Ng also noted that the terminal fee has been extended to licensed tourist guides to improve oversight, deter illegal guiding activities, and uphold the quality and integrity of tourism services at JPFT. She emphasized that Suria Bumiria, in collaboration with its operator partners, remains committed to maintaining JPFT as a safe, efficient, and welcoming gateway for both residents and tourists, reinforcing its vital role in Sabah's tourism and economic sectors. Ng also cleared up confusion stemming from media reports that mistakenly linked Suria Capital to the Suria Sabah shopping mall. 'Suria Sabah Mall is a privately owned commercial property and is not affiliated in any way with Suria Capital Holdings Berhad. JPFT is operated solely by Suria Bumiria Sdn Bhd, and not by Suria Sabah or any other party,' she stressed. Suria Capital, a public-listed government-linked company (GLC), is 51 percent owned by the Sabah State Government and 49 percent by public shareholders. Its core business is port operations under Sabah Ports Sdn Bhd, which manages eight major ports across the state. The Group is also active in property development, construction, and seaport passenger gateway infrastructure, aligning with Sabah's broader economic and tourism objectives. Ng said the clarification was necessary to resolve public confusion and affirm the company's long-term vision. 'We remain committed to operating the ferry terminal and realizing our long-term vision to redevelop the old Kota Kinabalu Port into a vibrant, integrated waterfront destination,' she said. She added that a key feature of this redevelopment — the Jesselton Docklands masterplan — includes a proposed new international-standard ferry terminal complex, which will be seamlessly integrated into the landmark waterfront project.
New Straits Times
a day ago
- New Straits Times
Fama encourages use of local fruits at govt functions
REMBAU: The Federal Agricultural Marketing Authority (Fama) encouraged government agencies to serve local fruits at official events, as part of efforts to support and promote the country's agro-based products. Its director-general Abdul Rashid Bahri said that such an initiative would not only help strengthen the economy of local fruit and vegetable entrepreneurs but also raise public awareness on the importance of prioritising locally produced goods. He said the exemption of Sales and Service Tax (SST) on local fruits has also contributed to the growing demand for local produce. "The local fruits and vegetables campaign this time is more focused and ongoing. "We have also reminded government functions to prioritise local products and menus, and caterers have been informed of this directive. "We can already see an increase in the use of local fruits at government events compared with the past, when imported fruits such as oranges, grapes and apples were commonly served," he told reporters after opening the Kopiesatu branch at Petron Pedas today. Abdul Rashid said that the growing demand for local products has encouraged farmers to increase production, while Fama remains committed to promoting local sales campaigns, particularly for high-demand items, such as bananas, pineapples and watermelons. In another development, he said that Fama would continue efforts to strengthen the local coffee industry through its Kopiesatu brand, a wholly-owned product of the agency, which has been in the market since 2001 and now operates 23 branches nationwide. "This initiative not only delivers the taste of high-quality local coffee, but also serves as a platform for entrepreneur development, particularly in the food and beverage sector. "The main objective of establishing Kopiesatu is to position it as a leader among small and medium entrepreneurs in the coffee industry, cater to the demand for local coffee products, and promote the country's agro-based sector. "Kopiesatu also aims to raise public awareness about the availability of high-quality and competitive local coffee brands," he said. He said the Kopiesatu business model is offered through a licensing scheme, priced at RM20,000, which includes facilities and support such as administrative assistance, training, a POS software system, branded uniforms, marketing, monitoring, and continuous licensing support. The licensing packages available include kiosk setups, food trucks (new or existing), and push carts. – Bernama
New Straits Times
a day ago
- New Straits Times
Mum loses final appeal in defamation case filed by sons
PUTRAJAYA: A mother who defamed her two sons, both with the title 'Datuk' and are successful businessmen, has lost her final appeal against the decision that found her liable and ordered her to pay RM200,000 in damages, FMT reported. A three-member Court of Appeal bench chaired by Justice Azimah Omar said the High Court did not err in upholding a Sessions Court ruling that V.T. Menaka had lowered the reputation of M. Natarajen and M. Satishkumar, through a video posted on Facebook. "There is no appealable error that warrants appellate intervention. "Unfortunately, the sons had to take their mother to court," she said, adding that the plaintiffs had proved all the elements of libel. She said the 30-minute Tamil-language video, accompanied by a derogatory caption, had harmed the reputation of Menaka's sons. She said the appellant's defence of justification and fair comment is also not applicable. The other judges on the bench are Justices Wong Kian Kheong and Ismail Brahim. The court also ordered Menaka, 67, to pay RM20,000 in costs to her sons. Lawyer M. Manoharan, who represented Natarajen, 42, and Satishkumar, 41, said Menaka was classified as bankrupt after she had failed to pay the judgment sum and costs of RM10,750 as rdered by the Seremban Sessions Court in 2023. Menaka was ordered to pay RM100,000 in damages each to the sons. "She filed this appeal after obtaining consent from the Insolvency Department," he said. Lawyer Asmawi Ismail appeared for Menaka. In the posting made on Sept 19, 2020, Menaka claimed that her sons were 'big time' criminals, had forged her signature to remove her as a director of their family company Linsun Group of Companies Malaysia and wanted to kill her with a pistol.
