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

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

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

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

PMB Investment Bhd’s Dana Mutiara won the award for Best Equity Malaysia Income (Islamic) in the three-year category by generating a total return of 52.93% as at end-2021.

PMB Investment wins award by seeking out undervalued stocks

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

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

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

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

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

AmanahRaya Investment Management Sdn Bhd (ARIM) broke its record by winning six awards at the Refinitiv Lipper Fund Awards 2022. AmanahRaya Syariah Trust won Best Bond MYR (Islamic) awards in the three-, five- and 10-year categories while AmanahRaya Unit Trust won the awards for Best Bond MYR (Malaysia) in the same categories.

AmanahRaya has a smashing year

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

Last year was not an easy one for bond fund managers to navigate, given the rising interest rate environment. However, AmFunds Management Bhd’s (AmFunds) fund managers managed to find opportunities, leading to the firm winning the Best Bond Group (Provident) award and three other awards at the Refinitiv Lipper Fund Awards 2022.

AmFunds navigates challenging bond market to win group award

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

The debris from a missile that landed in the Ukrainian city of Kharkiv on Jan 2 was from a North Korean Hwasong-11 series ballistic missile, United Nations sanctions monitors told a Security Council committee in a report seen by Reuters on Monday.

UN experts say North Korea missile landed in Ukraine's Kharkiv

KUALA LUMPUR (April 30): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday (April 29):

QSR Brands and KFC Malaysia confirmed it suspended operations of its outlets to manage costs, amid news that over 100 of its outlets have ceased...

QSR Brands, Nestle, ViTrox, LPI Capital, Ajiya, YTL REIT, Tex Cycle, Gadang, HHRG, Sapura, MSC, Capital A, BSL, Oppstar

YNH Property Bhd on Monday made a belated announcement about transactions involving its 6.49-acre land in Segambut, which it had inked an agreement in September last year to sell for RM59.58 million but revoked last week to have Chin Hin Group Property Bhd develop the plot in return for at least RM52 million.

YNH makes belated announcement about transactions involving its Segambut land

Shares of YTL Power International Bhd and YTL Corp Bhd rose to fresh highs on Monday as investors piled on stocks with exposure in artificial intelligence (AI).

YTL Power, YTL Corp touch new highs

Kossan Rubber Industries Bhd has clarified that the fire at a paint factory in Meru Industrial Park, Klang on Monday (April 29) had no impact on operations at its rubber glove factories.

Fire outbreak at paint processing plant 'has nothing to do with Kossan Rubber Industries', says MD

A vessel that reported on Monday an explosion in its proximity, 54 nautical miles northwest of Yemen's Mokha, has sustained damage but the ship and crew are safe and proceeding to next port of call, the United Kingdom Maritime Trade Operations (UKMTO) agency said.

Vessel sustains damage near Yemen's Mokha after explosion in its proximity, says UKMTO 

HHRG Bhd was slapped with a RM58.18 million suit by Ooi Chieng Sim, in relation to a loan given out by the former executive chairman to the company.

HHRG faces RM58 mil suit over alleged default of loan by ex-chairman

Integrated circuit (IC) design service provider Oppstar Bhd is collaborating with South Korea’s tech giant Samsung Electronics Co Ltd for the production of industrial ICs manufactured using Samsung’s 14 nanometre (nm) FinFET technology foundry process.

Oppstar partners with Samsung to produce industrial integrated circuits

Prime Minister Datuk Seri Anwar Ibrahim held a bilateral meeting with his Pakistani counterpart Muhammad Shehbaz Sharif on the sidelines of the World Economic Forum (WEF) Special Meeting here on Monday.

PM meets Pakistani counterpart, Turkiye foreign minister

The ideas and initiatives of the National TVET council and the National Entrepreneur Development Council will be coordinated to ensure the rapid development of the technopreneur section, Deputy Prime Minister Datuk Seri Dr Ahmad Zahd Hamidi said.

TVET, entrepreneur development councils to be coordinated to ensure rapid development — DPM

Saudi Arabia-based renewable energy giant ACWA Power has expressed interest in investing more than&nbsp;US$10 billion (RM47.64&nbsp;billion) in Malaysia over a 10-year period.

Among the proposed projects are those to be undertaken through collaboration with a local company, Cypark Resources Bhd.

Saudi-based ACWA Power keen on investing over US$10b in M'sia, some projects in collaboration with Cypark

Permodalan Kedah Bhd (PKB) has inked a memorandum of understanding (MOU) with Royal Eco Train Development, Republic of Korea (RETD Korea), for the Light Rail Transit (LRT) project in Langkawi.

Permodalan Kedah inks MOU with Korean firm for LRT in Langkawi

Following reports that over 100 KFC outlets have been temporarily closed after about half a year of boycott movement, QSR Brands (M) Holdings Bhd and KFC Holdings (M) Bhd (KFC Malaysia) said they suspended the operations of the outlets to manage increasing business costs amid challenging economic conditions, and to focus on high engagement trade zones.&nbsp;

QSR confirms temporary closure of KFC outlets, says it is to manage rising costs

KUALA LUMPUR (April 29): Capital A Bhd said on Monday that the number of passengers it carried rose 17% year-on-year (y-o-y) to 15.4 million in the first quarter of 2024 (1Q2024), on the back of strong travel demand during the school holidays and Chinese New Year.

Capital A’s passenger volume rises 17% in 1Q, load factor climbs to 90%

Gadang Holdings Bhd has called off its planned acquisition of a 21.08-acre land in Kwasa Damansara — known as R3-1 — for RM114.78 million from Kwasa Development (3) Sdn Bhd (KD3), to be developed into a residential project.

Gadang fails in appeal to EPU for Bumi equity waiver to buy Kwasa Damansara land

Tin producer Malaysia Smelting Corp Bhd (MSC) on Monday declared a final dividend of seven sen per share, amounting to RM29.4 million, for the financial year ended Dec 31, 2023 (FY2023).

Malaysia Smelting Corp announces final dividend of seven sen per share

Sapura Energy Bhd has landed a five-year contract from PTTEP Sabah Oil Ltd and PTTEP Sarawak Oil Ltd to provide underwater services.

Sapura Energy bags underwater service contract from Thai-owned PTTEP group

SEPANG (April 29): The Malaysian Aviation Commission (Mavcom) does not expect any further delays to the implementation of the Airports Quality of Services (QoS) Framework at the Kuala Lumpur International Airport (KLIA) beyond this year. &nbsp;

No more delays for full implementation of Airports QoS Framework at KLIA, says Mavcom

KK Supermart &amp; Superstore Sdn Bhd Group founder and executive chairman Datuk Seri Dr Chai Kee Kan&nbsp;and his wife, Datin Seri Loh Siew Mui, who are facing two counts of intentionally wounding the religious feelings of others over&nbsp;the sale of socks bearing the word 'Allah', will submit a representation to the Attorney General's Chambers (AGC).

'Allah' socks: KK Mart founder, wife to submit representation to AGC

KUALA LUMPUR (April 30): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday (April 29):

QSR Brands and KFC Malaysia confirmed it suspended operations of its outlets to manage costs, amid news that over 100 of its outlets have ceased...

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

EVENING 5: Five things you need to know today

Kuala Lumpur Kepong Bhd (KLK) said that it had completed all reimbursements of recruitment and related fees in compliance with the group’s strict no-recruitment-fee policy.

KLK says it completed reimbursement of fees following unethical recruitment allegations

Analysts have raised their earnings forecasts and target prices (TPs) for Homeritz Corp Bhd, after the group's latest set of financial results beat their expectations on higher-than-expected sales volume.&nbsp;

Analysts raise Homeritz earnings forecasts, TPs on 2Q beat despite cautious outlook

The regular market for US equities runs for 390 minutes on a standard trading day. But at the rate things are going, eventually the last 10 might be the only ones that matter.

Increasingly, only last 10 minutes of US stock trading matter

YTL Hospitality REIT (YTL REIT) is planning to develop a hotel in Hokkaido, Japan, for an estimated total cost of RM199 million.

YTL REIT to develop a Moxy hotel in Hokkaido for RM199 mil

China hinted on Monday that it could retaliate after US President Joe Biden signed into law legislation to boost Taiwan's defences and seeks to get TikTok's Chinese owner to divest from the social media platform.

China hints at retaliation after Biden signs Taiwan, TikTok legislation

The Malaysian government is committed to ensuring that investments made by the Armed Forces Fund Board (LTAT) in domestic and international companies yield consistent and robust returns, according to Defence Minister Datuk Seri Mohamed Khaled Nordin.

Govt committed to ensuring LTAT's investments yield consistent returns — minister

Yahoo is letting go of its editorial and social media teams in Singapore. In total, 17 staff will leave the digital news publication after May 7,&nbsp;The Edge Singapore&nbsp;understands.&nbsp;

Yahoo to lay off all journalists, social media executives in Singapore — source

AirAsia X Bhd’s (AAX) passenger load factor rose to 83% in the first quarter of this year (1Q2024), from 80% in the same period a year earlier, driven by robust travel demand.&nbsp;

AAX’s passenger load factor up at 83% in 1Q on robust travel demand

Saudi Arabia-based renewable energy giant ACWA Power has disclosed plans to collaborate with several strategic Malaysian partners in developing&nbsp;renewable energy projects across multiple states in Malaysia, said&nbsp;Prime Minister Datuk Seri Anwar Ibrahim.

Refinitiv Lipper Fund Awards 2022

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