Areca Capital Sdn Bhd took home three awards at the Refinitiv Lipper Fund Awards 2022. It was the fifth year in a row that Areca equityTrust won the award for Best Equity Malaysia (Malaysia) in the three-, five- and 10-year categories.

Areca wins Best Equity Malaysia awards five years in a row

Kenanga Investors Bhd’s emphasis on sustainability in performance and long-term value generation has been pivotal to the firm’s continued success at the Refinitiv Lipper Fund Awards 2022.

Kenanga Investors wins multiple awards

Hong Leong Asset Management Bhd (HLAM) continued its winning streak by taking home 15 fund awards and one group award at the Refinitiv Lipper Fund Awards 2022. It won the award for Best Equity Group (Provident) for the third year running.

HLAM wins big with 15 fund awards and a group award

Inter-Pacific Asset Management Sdn Bhd’s (InterPac) InterPac Dana Safi Fund won the award for Best Mixed Asset MYR Flexible (Islamic) in the three-year category, after seeing returns of 126.2%.

Inter-Pacific Asset Management wins Best Mixed Asset Award

Once again, Public Mutual Bhd dominated the Refinitiv Lipper Fund Awards, this time by bagging 32 awards — Best Equity Group (Malaysia), Best Mixed Assets Group (Islamic) and 30 fund awards. It extended its winning streak to four years in a row by outperforming its peers in various categories.

Public Mutual defends top position with 32 awards

By staying true to its investment philosophy of never being fully invested at all times, Pheim Asset Management Sdn Bhd bagged four awards at the Refinitiv Lipper Fund Awards 2022.

Pheim wins mixed-asset awards for seven consecutive years

KAF Investment Funds Bhd (KAF) bagged three awards at the Refinitiv Lipper Fund Awards 2022 through two of its award-winning funds, KAF Jade and KAF Vision.

A triple win by KAF Investment

Despite it being another challenging year, winners of the Refinitiv Lipper Fund Awards 2022 consistently delivered attractive returns to investors in the medium to long term, according to Xav Feng, director of Lipper Asia Pacific Research, Refinitiv.

Net inflows into global funds rose 80% y-o-y in 2021

Eastspring Investments Bhd bagged two awards at the Refinitiv Lipper Fund Awards 2022. Eastspring Investment Asia Select Income won the award for Best Mixed Asset MYR Global (Malaysia) in the 10-year category, while Eastspring Investments Small Cap won the award for Best Equity Malaysia Small and Mid-Caps (Provident) in the 10-year category.

Eastspring bags two awards with research-driven investment style

Principal Asset Management Bhd clinched four awards in the Asia Pacific ex-Japan category in the Refinitiv Lipper Fund Awards 2022.

Principal Asset Management wins four awards in regional categories

Affin Hwang Asset Management Bhd (AHAM) won the group award for Best Equity Malaysia (Islamic) while Affin Hwang Select Balanced took home the awards for Best Mixed Asset MYR Global (Provident) in the three- and five-year categories.

Affin Hwang wins group award and two fund awards

UOB Asset Management (M) Bhd once again landed a winning spot at the Refinitiv Lipper Fund Awards 2022, with two fund awards this year.

UOB Asset Management bags two awards with bottom-up approach

If fund managers found themselves riding a roller coaster two years ago after the pandemic struck, 2021 was akin to walking a tightrope. The market was calmer than in the previous year, giving it more time to think and react, but it had to stay vigilant at all times.

Cover Story: From roller coaster ride to tightrope walk

Manulife Investment Management (M) Bhd bagged a fund award at the Refinitiv Lipper Fund Awards 2022. Its Manulife Investment Shariah Progress Fund won the award for Best Equity Malaysia Diversified (Provident) in the 10-year category, when it achieved a cumulative return of 174.25% over the period.

Manulife Investment Management bags an award

(Nov 23): UK retail sales declined more than expected in October, as uncertainty over Chancellor of the Exchequer Rachel Reeves first budget prompted consumers to hold back spending.

The volume of goods sold in stores and online fell 0.7% month on month, the Office for National Sta...

UK retail sales fell more than expected amid budget anxiety

NEW YORK (Nov 22): The banks most reluctant to tap the U.S. central bank's discount window to shore up their capital are in fact those who face the highest failure risk, according to new research from the New York Federal Reserve that turns the notion of bank emergency borrowing stigma on it...

New York Fed paper challenges notion of discount window stigma

ORLANDO, Florida (Nov 22): A record-high $7 trillion of cash is currently sitting "on the sidelines" in money market funds (MMFs). Anyone hoping to see a significant chunk of this flooding the wider investment field in the coming months may be disappointed.

Many strategists assume ...

America's $7 trillion cash stash isn't going anywhere

Cboe Global Markets Inc. said it is set to list the first cash-settled index options related to the spot price of Bitcoin, marking the latest addition of cryptocurrency-related securities to traditional exchanges.

Cboe to launch cash-settled Bitcoin ETF options as crypto booms

French defence and technology firm Thales said on Friday it was denying unspecified allegations after Britain's Serious Fraud Office (SFO) announced a joint investigation with French authorities into suspected bribery and corruption.

Thales denies wrongdoing as Anglo-French bribery probe hits shares

As the Association of South East Asian Nations (Asean) chair for 2025, Malaysia has a key role in strengthening the Asean community and tackling complex regional challenges, Foreign Minister Datuk Seri Mohamad Hasan said.

Malaysia to strengthen Asean community, tackle regional challenges as Asean chair 2025 — Mohamad

A weekly round-up of tanker and dry bulk market (Nov 22, 2024)

Baltic Exchange shipping updates: Nov 22, 2024

Here is a brief recap of some corporate announcements that made the news on Friday.

Allianz Malaysia, Bumi Armada, Bintulu Port, D&O, Sarawak Plantation, Favelle Favco, CSC Steel, BM Greentech, SkyWorld, Lagenda Properties, Solarvest, SMI, Icon Offshore, Top Glove, MNRB, Chin Hin Group Property

The S&P 500 and the Dow touched over one-week highs on Friday after data showed a still robust economy, while small-cap stocks outperfomed large-cap indexes.

The S&P flash PMI showed manufacturing activity stood at 48.8 in November, in line with estimates from a Reuters poll of economists.

S&P 500, Dow touch over one-week highs after business activity data

Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.

Vizione quits RM116 mil hotel construction job over alleged unpaid works

Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.

The largest shareholder of South Malaysia Industries Bhd (KL:SMI) has called for an upcoming extraordinary general meeting (EGM) scheduled for Jan 9, 2025, to appoint six new directors to the company’s board, including former Perak police chief Datuk Pahlawan Mior Faridalathrash Wahid.

SMI's largest shareholder calls for EGM to appoint six new directors including ex-Perak police chief

Here is a brief recap of some corporate announcements that made the news on Friday.

Global investment conglomerate Bin Zayed International Group of Companies (BZI) has committed to investing US$2 billion (RM8.93 billion) in Malaysia over the next five years.&nbsp;

Bin Zayed International (M) Bhd managing director Datuk Seri Dr Shamir Kumar Nandy said as part of its strategic expansion plan, the group would tap into real estate, renewable energy and financial services to attract investments into the country.

Bin Zayed International commits US$2 bil investment in Malaysia over next five years

Sarawak Plantation Bhd (KL:SWKPLT) has announced a second interim dividend of 15 sen per share, as its latest third quarter net profit rose 14.6%, despite lower revenue, thanks largely to a higher fair value gain on its biological assets.

Sarawak Plantation pays bumper 15 sen dividend as 3Q profit hits record

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EVENING 5: Five things you need to know today

ORLANDO, Florida (Nov 22):&nbsp;A record-high $7 trillion of cash is currently sitting "on the sidelines" in money market funds (MMFs). Anyone hoping to see a significant chunk of this flooding the wider investment field in the coming months may be disappointed.

Many strategists assume ...

MNRB Holdings Bhd (KL:MNRB), in which the Amanah Saham Bumiputera (ASB) holds a 41.88% stake, has appointed Datuk Rudy @ Rodzila Che Lamin as interim president and group chief executive officer (CEO) of the company, effective Friday.

MNRB names Rudy Rodzila Che Lamin as interim president and CEO

Offshore support vessel company Icon Offshore Bhd (KL:ICON) said on Friday it has signed definitive agreements for a slew of previously announced acquisitions worth over RM400 million.

Icon Offshore signs definitive agreements for previously announced acquisitions worth over RM400m

Favelle Favco Bhd (KL:FAVCO) sank into the red in the third quarter — the crane manufacturer's first quarterly loss since listing back in 2006 — on foreign exchange loss.

Favelle Favco falls to first-ever quarterly loss on forex loss

Allianz Malaysia Bhd (KL:ALLIANZ), which provides both life and general insurance, saw its net profit dip 7.4% for the third quarter ended Sept 30, 2024 (3QFY2024), despite higher revenue, as certain expenses jumped while it recorded a drop in dividend income and lower fair value gains from investments.

Allianz Malaysia's 3Q profit dips 7.4% as expenses jump

Biomass boiler firm BM Greentech Bhd (KL:BMGREEN) reported a 55% jump in net profit for its second quarter ended Sept 30 (2QFY2025) to a record high of RM13 million from RM8.38 million a year earlier, driven by higher revenue.

BM Greentech books record quarterly profit and revenue in 2Q

Lagenda Properties Bhd (KL:LAGENDA) said on Friday that an indirectly owned subsidiary of the company has secured the right to develop a 139-acre land in Kota Tinggi, Johor, for RM99.62 million, cash. The final purchase price may still vary.

Lagenda Properties secures right to develop another Kota Tinggi plot for RM99.62 mil

Cradle Fund Sdn Bhd, the focal agency for Malaysia’s startup ecosystem, has partnered with digital securities exchange platform Kapital DX Sdn Bhd (KLDX) to provide Malaysian startups with an alternative avenue for fundraising.

Cradle Fund partners KLDX to introduce alternative fundraising platform for startups

Loss-making Classita Holdings Bhd (KL:CLASSITA) is mulling diversifying into the property investment business as it foresees growing demand.

Lingerie maker Classita to diversify into property investment

Property developer SkyWorld Development Bhd (KL:SKYWLD), which made its Main Market debut in July last year, said it is on target to launch developments with an estimated gross development value of RM4.6 billion by 2026, having achieved RM1.1 billion worth of launches so far.

SkyWorld nears deal for Vietnam joint venture on completion of due diligence, says on track for RM4.6b launch target by 2026

The flood situation in Terengganu and Perak has grown worse, while Kelantan has become the latest state hit by floods as of 8pm on Friday night.

In Terengganu, the number of evacuees rose drastically to 221 people being housed in 10 relief centres compared to 29 in the morning.

Floods worsen in Terengganu, Perak while Kelantan latest state hit

Environmental engineering consultancy firm Progressive Impact Corp Bhd (KL:PICORP) has bagged a RM14.74 million contract from water utility company Pengurusan Air Selangor Sdn Bhd (Air Selangor) to provide water quality control service in Selangor.

Progressive Impact bags RM14.7 mil contract from Air Selangor  

Apple Inc and Alphabet Inc risk a formal UK investigation over their dominance of web browsers on mobile phones, according to a provisional decision targeting the tech giants’ stranglehold on mobile operating systems.

Apple, Google risk UK probe over mobile browser dominance

There’s a shiny new addition to Pakistan’s dusty agricultural heartland: rows upon rows of solar panels.&nbsp;

Imports of solar equipment from China in the first nine months are well ahead of those for the whole of 2023, according to data compiled by BloombergNEF.

Refinitiv Lipper Fund Awards 2022

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