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buy apple developer account :The Week That Was - Felda, FGV, CPO, EPF, ASB

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The delisting exercise is subject to Felda having gained 90% control of FGV shares. 1. Felda to take FGV private THE Federal Land Development Authority on Tuesday said it intended to take FGV Holdings Bhd private after its takeover offer of RM1.30 became unconditional. The delisting exercise is subject to Felda having gained 90% control of FGV shares. At the offer price of RM1.30 a share, FGV is valued at some RM4.75bil based on its issued share capital of about 3.65 billion. Felda on Tuesday said it has raised its stake in FGV to 50.5% from 36.6% after it completed two share purchase agreements with Retirement Fund Inc (KWAP) and Urusharta Jamaah Sdn Bhd for a total of RM658mil, or RM1.30 per FGV share. FGV was listed in 2012 at an IPO price of RM4.55. 2. CPO export tax set at 8% THE Customs Department has set the export tax for crude palm oil (CPO) at 8% for January, ending a six-month zero rate enjoyed by planters since June. Based on the Malaysia Palm Oil Board’s recent CPO price of RM3,651 a tonne, the export duty stood at RM292 a tonne. The price of CPO on Bursa Malaysia, the global benchmark, had climbed over 70% since June this year, driven by shortage of vegetable oil supply in the global market. The rate would be effective Jan 1 until Jan 31,2021, marking the end of the zero export tax enjoyed from June to December 2020, which was aimed at raising the value of Malaysian palm exports to other countries, mainly India. 3. EPF records higher investment income in Q3 THE Employees Provident Fund (EPF) registered a 14% in third-quarter gross investment income to RM17.3bil from RM15.1bil in the second quarter. As end-September, its investment assets stood at RM941.8bil, of which 68% are invested in domestic market. The retirement fund said equities contributed 42% to its gross investment income, while fixed-income instruments generated 47%. EPF chief executive officer Alizakri Alias noted that the financial position over the three quarters have been affected by volatility in market sentiment exacerbated by the uncertainties of the Covid-19 pandemic and continued fragile consumer sentiments. While global equity indices the EPF tracks have rebounded from their lowest in March, many have yet to recover to pre-pandemic levels seen at end-2019. 4. ASB payout comes to 4.25 sen per unit PERMODALAN Nasional Bhd has declared its lowest payout for Amanah Saham Bumiputera (ASB) since the inception of the fund in 1990 amid challenging capital market condition. The 4.25 sen per unit income distribution for the year ending Dec 31 will be paid to 10.2 million unit holders. PNB will also pay 0.75 sen per unit for the first 30,000 units in conjunction with its 30th anniversary. Last year’s total payout was 5.5 sen per unit. However, comparatively, this year’s income distribution outperforms Maybank’s 12-month fixed-deposit rate benchmark by 2.4%. “ASB’s performance remains competitive relative to other low-risk investment instruments. It continues to be a sound option for individuals with a low-risk profile and a long-term investment horizon, ” said PNB group chairman Tan Seri Dr Zeti Aziz in a statement.
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