Asean round-up

In Malaysia on 16/03/2013 at 7:03 am

When elections are pending

Malaysia’s Armed Forces Fund Board will pay the highest dividend in its history after posting its best ever results.

The fund – Lembaga Tabung Angkatan Tentera (LTAT) – has declared a 16% dividend with a record RM759.3 million (S$305 million) payout for its financial year ended 2012, reported Malaysia’s Business Times.

LTAT posted a record income of RM907.4 million last year, up 5.5% from the previous year, and targets earnings to breach RM1 billion this year.

“The 16 per cent dividend is the highest ever payout since LTAT’s establishment 40 years ago,” Defence Minister Ahmad Zahid Hamidi said.

The security forces also got gd pay rises this year.

UK Pru is now Asian

Two-thirds of the Prudential’s outperformance can be explained by its extraordinary rate of growth in Asia – the profits and cash from the regon are turning out better, and arriving more quickly, than expected In Asean, Pru is big in S’pore and M’sia, and expanding in Indonesia. I think it bot something last yr in Thailand. Unlike S’pore, there is ample room to expand life insc coverage in the other three countries.

BTW, the UK-based insurer that is big in Asia is headed by an African. It’s a globalised world.


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