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Temasek, which owns stakes in Barclays, Standard Chartered, and Chinese banks, said full-year profit fell 29%, hit by Thai telecoms firm Shin Corp and lower divestment gains.
ING Funds Bhd expects its assets under management (AUM), currently totalling more than RM1bil, to hit RM2bil this year, said chief executive officer Steve Ong.
Hwang-DBS Investment Management Bhd expects to launch four to six new products this year to boost its total funds under management, said chief investment officer David Ng.
THREE thousand years ago, the Chinese used to think that the world revolved around their country, which was then known as the Middle Kingdom. Today, in the 21st century, some of us in Malaysia seem to remain as myopic, believing that our stock market is synonymous with the investment universe.