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RM1.5b In Special ASB Fund For PDRM Members

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KUALA LUMPUR – The government, through Permodalan Nasional Berhad (PNB), is allocating a special Amanah Saham Bumiputera (ASB) fund of RM1.5 billion under the ASB i-KOP Investment Scheme for members of the Royal Malaysia Police (PDRM).

Prime Minister Datuk Seri Najib Tun Razak said the scheme would benefit all PDRM members who were PDRM Cooperative members, those going on retirement and police retirees.

The announcement was made by the prime minister in his speech at the 211th Police Day Memorial Parade at the Kuala Lumpur Police Training Centre (Pulapol) here today.

Also present were the Prime Minister’s wife, Datin Seri Rosmah Mansor, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi and Inspector-General of Police Tan Sri Mohamad Fuzi Harun.

In his speech, Najib also announced an allocation of RM15 million for repair work of all Pulapol quarters in Kuala Lumpur.

“Use the allocation, whether for repair of lifts or any damage in this area,” he added.

Apart from that, the Najib said the government also approved 10,000 units of houses under the 1Malaysia Civil Servants Housing Scheme – Royal Malaysia Police (PPA1M-PDRM, as announced in the 2018 Budget to help PDRM members who had yet to own a house.

“(Until now) a total of 840 units have been approved for construction through a joint-venture between the police cooperative and a private company.

“This will be followed with 405 units, also for PDRM memebrs, in Putrajaya,” he added.

The prime minister said the price range of the houses was much lower than the market price, at between RM120,000 and RM300,000 per unit with a floor size of between 850 sq ft and 1,200 sq ft. – BERNAMA

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