If you dont believe me, go to the banks tomorrow (Monday) if you are a subscriber of Amanah Saham Bumiputera (ASB).
As at last Thursday, the charge to change your ASB certificates to new ones only cost you RM2. A day later, it went up to RM100!
I asked the bank officer about it. He said, there was a circular from Permodalan Nasional Berhad (PNB) to all participating banks to impose the new surcharge.
Why? "Dunno...maybe to offset Maybank's losses of RM470 million in deposit to acquire PT Bank Internasional Indonesia. PNB was hoping returns of about 60 per cent from Maybank should it secures the deal."
Really? But why must ASB investors are made to pay for the losses? Ridiculous!
PNB... give us a good answer!