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At the start of 2020, when global markets were not looking too good, the thinking then among many fund managers was that it would be tough to bring in returns that matched those of previous years.

Indeed, when the global markets crashed in March as the Covid-19 pandemic heightened and what started as a health crisis quickly snowballed into an economic one, the worst of times seemed inevitable. 

But in a year of multiple black swans, the fund management industry has shown great resilience, thanks to global monetary easing which brought about a big turnaround in equity markets. More importantly, a major factor was  the quick thinking and decisive measures by fund managers to manage the risks and ride the volatilty.

Refinitiv Lipper Fund Awards 2021

Gateway Development Alliance (GDA), the consortium proposing to privatise Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT), said it is maintaining its offer of RM11 per share, after the airport operator’s independent directors reommended shareholders to reject the offer.

GDA maintains RM11 offer for MAHB, challenges independent directors’ rejection

(Dec 20): It’s been a challenging couple of years for real estate stocks since the Federal Reserve started raising interest rates in 2022, as borrowing costs soared and the property market collapsed. And despite a healthy rebound in the middle of 2024, the outlook for 2025 isn’t particularly...

Office rebound expected in 2025 while other real estate stocks to see trouble

ECA Integrated Solution Bhd (KL:ECA) has proposed to expand its presence in China by investing in automated equipment manufacturer Suzhou Thryda Co Ltd (Thryda).

ECA Integrated invests in automated equipment manufacturer to expand presence in China

The S&P 500 and the Nasdaq dipped on Friday as fears over high interest rates next year loomed, although a cooler-than-expected inflation report kept losses in check.

S&P 500, Nasdaq dip as rate cut fears linger despite easing inflation

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

MAHB, Top Glove, Catcha Digital, Johor Plantations, Kawan Renergy, Mega First, PLB Engineering, Bahvest, Smile-Link 

The workers' union representing over 10,000 baristas at Starbucks said its members will strike at stores in Los Angeles, Chicago, and Seattle for five days starting Friday, citing unresolved issues over wages, staffing and schedules.

Starbucks workers' union set to strike in US cities as bargaining talks hit impasse

A Madrid court has sentenced former International Monetary Fund chief Rodrigo Rato to almost five years in prison for various crimes related to corruption, the court said on Friday.

Ex-IMF chief Rato sentenced to new prison term over corruption

Auditing firm HLB Ler Lum Chew said on Friday that a special notice for a resolution to remove the firm as the external auditor of Smile-Link Healthcare Global Bhd (KL:SMILE) had been immediately retracted, and that is the reason why the firm had not made any written representation on the matter

Smile-Link's auditor says removal notice retracted, threatens legal action over ‘untrue’ statement

The US$10.4 trillion (RM46.82 trillion) US exchange-traded fund (ETF) industry’s blockbuster year comes with an asterisk: even amid record inflows and launches, funds are shuttering at a nearly unprecedented clip.

Twin boom-and-bust hits US$10 tril ETF industry in overdrive

US consumer spending increased in November, underscoring the economy's enduring strength, which prompted the Federal Reserve this week to project fewer interest rate cuts in 2025 than it had three months ago.

US consumer spending rises in November; monthly inflation subsides 

<p>Bank Negara Malaysia (BNM) has announced a series of interim measures to address the burden of rising medical insurance premiums on policyholders. These measures include spreading out premium increases over at least&nbsp;three years, effective until the end of 2026, and pausing certain premium adjustments for individuals aged 60 and above.</p>


Medical insurance premium hike to be staggered and kept below 10% yearly, says BNM

<p>There will be no increase in electricity tariff for all users in Peninsular Malaysia from Jan 1 to June 30, 2025, the Ministry of Energy Transition and Water Transformation announced on Friday.&nbsp;</p>


Electricity tariff unchanged in 1H2025, but new tariff structure from 2H onwards — energy ministry

<p>Top Glove Corp Bhd (KL:TOPGLOV) expects further sales recovery and projects its glove sales volume in FY2025 to grow 60% to 43 billion pieces, on industry stock replenishment and increase in sales flow from the US as a result of the 50% tariff on China-made gloves set to start on Jan 1, 2025.</p>


Top Glove flags 'start of comeback' as sales volume seen growing 60% in FY2025

<p>Bank Negara Malaysia announced that the government, together with insurers, takaful operators (ITOs) and private hospitals, will contribute a total of RM60 million to speed up health reforms in the country.</p>


BNM announces RM60 mil boost for healthcare reforms, including rollout of new payment model for private hospitals

<p>The ringgit is expected to remain under pressure against the US dollar as the US Federal Reserve’s (Fed) less dovish monetary stance continues to support the greenback, said Kenanga Research.</p>


Ringgit to stay above 4.50 against US dollar going into 2025 — Kenanga

<p>CBH Engineering Holding Bhd (KL:CBHB), which is set to be listed on the ACE Market on Jan 16, is gearing up to expand its portfolio, with a focus on high-scale projects, particularly data centres.</p>


ACE Market-bound CBH Engineering eyes larger projects, data centre jobs

<p>Mega First Corp Bhd (KL:MFCB) announced that its executive director, Goh Nan Yang, will step down from his position effective Dec 31, upon the expiry of his employment contract.</p>


Goh Nan Kioh's brother resigns as Mega First executive director after two decades 

<p>Bursa Malaysia (KL:BURSA) saw a total of 55 initial public offerings (IPOs) this year, &nbsp;up 72% from the 32 IPOs listed last year.</p>


Bursa wraps up 2024 with 55 IPO listings, highest in nearly two decades

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.</p>


<p>A Bitcoin slide from a record high earlier this week extended to more than 10%, as reduced scope for looser US monetary policy dampened speculative zeal.</p>


Bitcoin pullback deepens as US ETFs suffer record daily outflow

<p>Johor Plantations Group Bh (KL:JPG) has appointed Tg Langsat Development Sdn Bhd (TLD) as an earthwork and main infrastructure contractor for its Integrated Sustainable Palm Oil Complex (iSPOC) project in Johor for RM39.04 million.</p>


Johor Plantations appoints JCorp unit as main infra contractor for Kota Tinggi palm oil project

<p>PLB Engineering Bhd’s (KL:PLB) external auditors, Grant Thornton Malaysia PLT, have expressed an unmodified audit opinion with material uncertainty regarding the group's ability to continue as a going concern.</p>


PLB Engineering’s auditor flags material uncertainty over group’s ability to continue as going concern

<p>Auditing firm HLB Ler Lum Chew said on Friday that a special notice for a resolution to remove the firm as the external auditor of Smile-Link Healthcare Global Bhd (KL:SMILE) had been immediately retracted, and that is the reason why the firm had not made any written representation on the matter</p>


<p>ACE Market-listed Kawan Renergy Bhd (KL:KENERGY) reported an all-time high earnings for its financial year ended Oct 31, 2024 (FY2024) as full year net profit surged 44.5% to an all-time high of RM19.22 million, compared with RM13.3 million in FY2023.</p>


Kawan Renergy posts all-time high earnings in FY2024 

<p>KUALA LUMPUR (Dec 20): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.</p>


FBM KLCI slips 0.54% to 1,591.41 on Dec 20, 2024

<p>Here’s a quick look at some of the stories that made headlines today.</p>


EVENING 5: Five things you need to know today

<p>Hon Hai Precision Industry Co, the Taiwan-based manufacturer of iPhones known as Foxconn, is putting its interest in pursuing Nissan Motor Co on hold while the Japanese automaker is in negotiations for a potential merger with Honda Motor Co, according to a person familiar with the matter.</p>


Foxconn interest in Nissan said on hold amid Honda merger talks

<p>Bahvest Resources Bhd (KL:BAHVEST) has proposed to buy mining equipment from China-based Chengdu Mining Maintenance Technology Co Ltd for RM22.82 million, to be used to build a new gold mining processing plant.</p>


Bahvest buys mining equipment from Chinese firm to build new plant

<p>KUALA LUMPUR (Dec 20):&nbsp; The Royal Malaysian Police (PDRM) has received 26 reports related to the Nicshare and CommonApps investment schemes, linked to a fraudulent syndicate led by a Malaysian national who was arrested by Thai authorities on Monday.</p>

<p>Inspector General of Police (IGP...

IGP: Malaysian man nabbed in Thailand under probe for leading investment scam syndicate

<p>The prosecution has filed an appeal against Datin Seri Rosmah Mansor's full acquittal in her money-laundering and tax evasion case.</p>
