Dear All,

For generations the world has been in cognizance with its surroundings, the nucleus family model as theorized in the early 20th century proved to be the most fruitful and joyous celebration of human life. From fathers, to grandfathers, children to grandchildren, these are the stories we created together, memories lasting for a lifetime. Now we create our legacy in every corner we can find, be it wealth, recognition or even acts of kindness, it is the very human thing to do.

2020 was a stark reminder to all of us, that the castles we have built or we have yet to build are fragile things, life can pass in a blink of an eye, wealth can perish and so can happiness. We at UBB Amanah Berhad believe that the fragile things must be strengthened to enable our human bonds to be cemented, especially in this sea of uncertainty.

Our trusts are our word, our legacy. It is our business to protect yours and to ensure that you may have the time needed to be close to your loved ones and celebrate the gift of life.

Thank you

Yours Faithfully,






2020, the year of “The Great Lockdown” had ushered in a new epoch in time, wherein the establishment of face to face social interactions were adduced to be an obsolete means of communication, the gross decoupling of privacy afforded to oneself had been implemented in its entirety and sophisticated investments have come to a screeching halt as Investors lose confidence in this sea of uncertainty.

The unforeseen outbreak of COVID-19 had truly changed the diaspora of global economy as we know today. Harsh containment measures have resulted in this predicament, 2021 has now become the outlier in economic history. Recession fears have become reality, Gross Domestic Product (GDP) of once proud nations have been subject to the rising debt premiums that far out shadow the inflows. Emergency rate cuts and other economic stimulus measures have not produced the results as anticipated to ameliorate the negative economic effects of the pandemic and top economists around the world collectively are of the opinion that the worst is yet to come.

The world is in trouble and we know it. The problem has transcended from a Crisis into a Calamity.

Whilst the economic consequences are deemed to be eerily similar to the previous two crisis, the current crisis may pose a bigger and more daunting problem as a whole. This is indicative by one overarching difference, the current crisis is not stemming from economic origins as compared to the previous two. Following the sudden eruption of an unexpected public health crisis, the world had not been prepared for the economic fallout affecting banks and Central Banks worldwide. Instead of being an issue that effects pockets of civilization around the world, the Great Lockdown was the event that had spread throughout every continent, depleting national reserves, crippling governmental leadership and leaving economic scars in both the real economy and the financial sector simultaneously.

On the real economy side, the damage has been devastating, the key issue here is that this crisis now has the potential of becoming more monstrous than the Great Depression by taking into account its momentum and the sheer scale of the economic impacts. The real economy is facing an exogenous blockade on demand and supply sides of the global economy, two fundamental tenets of capitalism. With borders closed for extended periods of time, nations are facing major shortfalls in their day to day necessities putting strains on trade-lines worldwide.

These shortfalls exist as due to our globalized markets, the assembling of subcomponents and raw materials required to produce the final product are sourced from many different places across the globe. Hence a single choke in the supply chain will affect the entire process automatically, compromising all stakeholders from various aspects of the supply chain. Furthermore, as the reduction in travel and transportation has persisted, the already battered economy is now subject to collapsing commodity prices which in turn hurt producers even more harshly, thus bringing the supply chains to a complete standstill.

It is the first time that the world is experiencing a contraction of production around the world, the last of such a scenario had been at the time of the second world war. As the trade currently is reliant heavily on transports within the maritime domain. With border restrictions getting tighter, ports getting closed and also restrictions imposed on ships, the movement of goods and services are severely restricted. As the global maritime infrastructure has fell, it is estimated that this shall bring about the decline of world trade of least 32% , comparing with the 2008 Great Financial Crisis trade had declined to only 15%.  The Service Sector is no outlier to the current predicament, as the nature of Service Sector businesses require human interaction, the social distancing measures as imposed by governments worldwide have essentially halved the sector as a whole, with the hospitality, transport, retail and entertainment industries suffering the biggest blows to their financial positions.

As producer’s constraints trickle down to a consumer level, this in turn effects the demand naturally.  Reduction in production had resulted in companies closing down and cutting costs at an alarming degree, workers have become the unfortunate casualties in these situations. Millions of workers globally from all walks of life has been laid-off their stable secure employments, disrupting the cashflows within every nation.


Malaysia is not fairing well during this pandemic, the ongoing outbreaks of the virus has scarred the nation with profound consequences for the economy. The Malaysian financial markets are predicted to collapse with the ushering of the new global recession. With sudden enforcements of Movement Control Orders (MCO), various sectors of the economy had been left hung to dry. Depleted of funds and desperate for businesses, Malaysians scurry to adjust to the new effects of the declining economy. Tourism, manufacturing, construction, mining and agricultural sectors have all been forced to accept reduced costs and continue to lay off their employees. Within the first two months of the MCO, the Malaysian premier Tan Sri Muhyiddin Yassin had stated the nations tourism industry had been crippled, with estimated losses being RM 3.37 Billion. In furtherance to this, the forced closure of small businesses, especially small and medium sized enterprises (SMEs) and services would lead to permanent shut downs, the catalyst for many un-employments and bankruptcy cases. With the cases in Malaysia rising at an alarming rate, the Malaysian government has introduced various stimulus packages for the benefit of its citizens. This came at huge cost however, the administration is now in billions of debt. From 6 month bank moratoriums to PRIHATIN packages, the governments expenditures have contributed to the rut that the nation is in.

Coupled with political instability in this country Malaysia has a problem that must be solved before it reaches a point of no return. The World Bank has stated that political instability and ensuing uncertainties in governmental policies are the main factors as to why foreign investors are pulling out of the nation. The lead economist of The World Bank Group, Dr Richard Record stated that Malaysia had gone into the crisis with an elevated level of fiscal deficit even before 2020. This puts Malaysia in a more precarious situation as compared to her other Malaysian counterparts. As Malaysia collects relatively low revenue it, may indicate that whilst politicians grapple for the throne of power, our nation will be vulnerable against the coming calamity.


The world is aging, and Malaysia may be aging faster than the world, as a recent report from the World Bank highlights. 15% percent of the Malaysian population is over 65 years of age and the world is only reaching that 15% threshold in 2050. This population in Malaysia is plagued with unimaginable dangers to their wealth and security by virtue of the pandemic. The concerns of whether this populous would have enough savings to live out their days in retirement previously vide private retirement schemes and government pension schemes has been grossly exacerbated, the Golden Generation of our nation have been dealt curveball by the harsh detachment of practices adopted hitherto.

Whilst families in Malaysia generally tend to the needs of the older generation, the nation’s increasingly urbanizing population highlight that families may not be living together to provide the necessary support to the elderly who are affected by this pandemic.  This may not afford the populous the care needed for long term survivability. Facing detachment by virtue of MCOs in place, the country must do something to ensure that the Golden Generation will be safeguarded. Feeling the weight of the pandemic on their shoulders people of this generation may not have well implemented legacy plans and may need to


A trust is a fiduciary relationship whereby one party, known as a trustor, gives another party, the trustee, a right to hold title to property or assets for the sole benefit of a third party, the beneficiary. Trusts are established to provide legal protection for all trustor’s assets within it, to make sure those assets are distributed according to the need of the trustor.

Trusts are ancient instruments, with some of its earliest uses depicted in feudal times. Trusts are incredibly versatile “vehicles” allowing for protection of assets and to enable the transferring of the assets to the right people long after the original asset owner’s death.

Contrary to popular belief, trusts are not exclusive to the wealthy only, people from all walks of life will be able to enjoy the benefits that a trust may offer. There exist individuals that use trusts primarily to maintain their privacy instead of a will, as wills may be subject to public disclosure in some jurisdictions. These individuals use the same conditions as they may require in a will and apply these conditions through a trust instead.

The most notable use of trusts are in the field of estate planning, wherein the assets of a deceased individual are passed directly to those of their choosing. Typically, assets that are not protected by trusts are usually passed on to the spouse where after divided equally amongst children. Unfortunately, in order for children below the ages of 18 to access the assets, they will still require a trust, controlled by a trustee who may not act in the best interest of the child.


Established in and trusted since 1988, UBB Amanah Berhad (UBB) is one of the oldest trust companies in Malaysia. UBB offers a variety of solutions – from will writing and trust services to wealth planning and preservation and is also able to provide regional and international trust structures and management services. Armed with an objective of safeguarding capital, UBB not only provides its services to Individuals but also to corporations and non-profit organisations. UBB specialises in providing irrevocable – living trusts that afford clients the best protection of their personal assets. UBB is a registered Trust Company under the Trust Companies Act (1949) and is regulated by the Companies Commission of Malaysia (SSM). UBB is also bound by the following:

  • Trustee Act (1949)
  • Personal Data Protection Act (2010)
  • AMLA (2001)
  • Wills Act (1959)
  • Probate and Administration Act (19 59)
  • Companies Act (2016)



“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty”

  • Winston Churchill

UBB Amanah Berhad (UBB) now offers individuals and corporations the opportunity to safeguard their assets from unprecedented economic turmoil, to ring fence their assets to ensure legacy protection and to provide the necessary relief to deed holders with the upcoming changes brought about by the new norm. As Malaysia faces political uncertainty and rapidly declining investor confidence the cost of living is now on the rise. As the new normal has turned out to be a costly affair the population must now take the opportunity to position themselves for the upcoming changes – From schooling to dining, everything has changed.

This Trust is specifically designed by industry experts to provide individuals the opportunity to safeguard their capital from eroding in value, amidst the sea of uncertainty that has befell the world. As the pandemic has become a war of attrition against global supply chains and commodities alike, it is now imperative for every individual to ring fence their assets, providing a fighting chance for the next generation.

The Opportunity Trust will be open from 1st June 2021 until 1st September 2021




External Links:


How To Earn $50K A Year In Interest For Retirement – YouTube

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