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Kuala Lumpur: Principal Asset Management Bhd Group, formerly CIMB-Principal Asset Management Bhd, reported RM88.1bil in assets under management as of December 2019.
KUALA LUMPUR: Public Mutual declared distributions of more than RM66mil for 10 funds for the financial year ended Dec 31,2019.
KUALA LUMPUR: Following its lowest dividend payout since Amanah Saham Bumiputera’s (ASB) inception in 1990, Permodalan Nasional Bhd (PNB) is looking to increase investments abroad, enhance risk management and push for “transformational” changes at its investee firms.
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has announced an income distribution of 5.00 sen a unit and a bonus of 0.50 sen for Amanah Saham Bumiputera (ASB) for 2019, despite a 7.2 per cent contraction in Bursa Malaysia's FBM KLCI year-to-date.
“With great powers, comes great responsibility, ” so says one of the most thematic and often quoted lines by a well-loved character from Marvel’s Spiderman. Indeed, the initiative by the Employees Provident Fund (EPF) to allow its members to invest directly from their EPF funds into unit trust via the newly launched i-Invest online platform is an exciting prospect to say the least. Not only would this move offer greater convenience for members to grow their wealth, but also unparalleled access to tap into a set of diverse funds.
KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB) announced an income distribution of 4.25 sen per unit for its variable price fund, ASN Imbang (Mixed Asset Balance) 1 for the financial year ending Nov 30,2019.
KUALA LUMPUR: CSC Steel Holdings Bhd's net profit for the third quarter ended Sept 30,2019 surged by 253% to RM10.53mil from RM2.98mil a year ago, underpinned by improved margins, higher sales and lower production costs.
PETALING JAYA: Public Bank Bhd’s net profit slipped marginally by 1.5% in the third quarter ended Sept 30 to RM1.36bil, compared with RM1.38bil a year ago.