Public Mutual declares RM55mil distributions for 9 funds
KUALA LUMPUR: Public Bank Bhd’s wholly-owned subsidiary, Public Mutual Bhd has declared distributions amounting to over RM55mil for nine funds.
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KUALA LUMPUR: Public Bank Bhd’s wholly-owned subsidiary, Public Mutual Bhd has declared distributions amounting to over RM55mil for nine funds.
The government had set a disinvestment target of Rs 65,000 crore for the fiscal year 2022-23. However, it failed to meet the target and could raise only Rs 31,106.4 crore. All eyes are now on the Union Budget 2023 to know the government's divestment plans for the next fiscal and how it will utilise its stakes in public sector undertakings.
The Indian government is likely to set a conservative target for the funds it can raise through the disinvestment of state enterprises in fiscal 2024 after mop-up fell short this year, analysts...
Kotak Institutional Equities believes the government would look to raise money by divesting further stakes in Life Insurance Corporation, Shipping Corporation of India and exiting holdings of Specified Undertaking of UTI.
You might be curious if there is any way to maximise the current high interest rates using your CPF money. After all, 2.5 per cent and 4 per cent per annum for your CPF Ordinary Account (OA) and Special Account (SA) respectively were much more attractive back when bank interest rates were low. Now, with fixed deposits from private financial...