KUALA LUMPUR (Nov 28): Airo makes its official entry into the fintech arena, positioned as Malaysia’s first actively managed digital investment platform/robo-advisor.

Airo launches Malaysia’s first actively managed robo-advisor

KUALA LUMPUR (Nov 20): The recent weakness in semiconductor stocks due to it being in a down cycle presents an opportunity for investors to build positions for the long term, said Takeshi Kawamoto, senior equity analyst of Nomura Asset Management UK.

Semiconductor down cycle presents good long-term opportunities, says Nomura’s Kawamoto

KUALA LUMPUR (Nov 7): A different type of private retirement scheme (PRS), termed as the algorithm-based PRS, will be launched in the market to encourage Malaysians, especially the younger generation to save early for retirement.

Algo-based PRS: A new retirement solution

The Employees Provident Fund (EPF) is looking into restructuring the account of its members to introduce a new mechanism for saving and withdrawal, and to align the withdrawal age of its members with their minimum retirement age.

EPF looking into restructuring its members’ account and more

KUALA LUMPUR (Oct 9): Malaysians are set to officially welcome its fifth digital asset exchange (DAX) or cryptocurrency trading platform in the first quarter of 2024.

Ex-Luno general manager to launch new digital asset exchange

KUALA LUMPUR (March 7): Women in Asia are taking the reins in building their financial security though investing, and thus challenging the view that Asia compared to the West is still a patriarchal society.

Rising number of women investors can reshape economies

(Feb 14): Danny Lee, who previously ran private equity investments for the family office of Alibaba Group Holding Ltd co-founder Joe Tsai, is seeking to raise about US$200 million for his own fund targeting wealthy individuals looking to diversify their investments.

Lee, a veteran ...

Ex-private equity chief for Joe Tsai’s family office starts fund

Last November, the local fund management industry saw a new kid on the block in Cross Light Capital Sdn Bhd. So what, you may ask. New fund management companies crop up every now and then. But this one claims to be different.

New kid on the block

Investments in private financial technology (fintech) companies in Asia-Pacific grew 9.1% quarter on quarter to US$1.4 billion (RM5.8 billion) in 2Q2020, according to the latest APAC Fintech Funding Report by S&P Global Market Intelligence released on Aug 25.

Fintech f...

Trends: Fintech funding in Asia-Pacific saw spike in 2Q, led by Southeast Asia

Malaysians who rely on fixed deposits (FDs) to fund their retirement have been encouraged by financial planners to diversify into other investment instruments in view of interest rates that are expected to stay low. This does not mean investing only in conservative assets such as bond funds but a...

Investing: How can retirees diversify out of FDs?

In Malaysia, the advent and development of fintech has led to a growing number of investors turning to digital means to invest their funds. Despite this, the majority of local investors still prefer interacting with a human being in guiding their investment decisions, according to the Federation ...

Industry: Investors still prefer human interaction for UTS and PRS products, says FIMM

At the turn of the century, Danny Ng used most of his savings to acquire Fibromat (M) Bhd, a soil erosion control product manufacturer and supplier. Through grit and sheer tenacity, he grew the company, eventually leading it to a listing on the Leading Entrepreneur Accelerator Platform (LEAP) Mar...

Cover Story: Driven by a hunger for success

The value of Malaysian households’ gross financial assets rose 6.5% in 2019, higher than the 5.1% recorded in the previous year, according to The Allianz Global Wealth Report 2020 published on Sept 28.

The press release accompanying the report states that the increase was mainly driven ...

Trends: Malaysian households increasingly richer, says Allianz report

Investors should be mindful of the wide gap between the performance of growth and value stocks, as it is one of the key investment risks in the post-Covid-19 landscape, said Affin Hwang Asset Management Bhd managing director Teng Chee Wai at the first instalment of The Edge-Citigold Weal...

The Edge-Citigold Wealth Webinar Series 2020: Wide gap between performance of value and growth stocks

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

Anwar: Putrajaya will keep eye on inflation rate following civil service pay hike

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

US private payrolls beat expectations in April 

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

Shell exits China power market businesses

The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.

Fuel prices unchanged till May 8

The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

Dollar near five-month highs ahead of Fed policy decision

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

Crypto washout sends bitcoin below US$58,000 into bear market

Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.

Those who spread lies on Forest City casino project ought to be jailed, says PM

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

Details of civil servants’ wage hike to be announced in Budget 2025, says Fahmi 

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Huawei's high-profile consumer CEO Richard Yu shifts role

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

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