Kuala Lumpur, Malaysia, 4 March2022 – UOB Asset Management (Malaysia) (UOBAM (Malaysia)) has launched the SimpleInvest Solutions for individual investors to gain access to risk-adjusted, well-diversified funds to meet their varying risk appetites and financial objectives.
Designed to simplify investing, SimpleInvest Solutions comprises three unique, actively managed funds, namely:
∙ United Simple Income Select (USIS), which seeks to provide income for moderate-risk investors with a medium- to long-term investment horizon. Using a fund-of-funds (FOF) strategy, the USIS invests in a diversified portfolio of collective investment schemes of fixed income, equity and multi-asset funds;
Kuala Lumpur, 4 March 2022- IOI Properties Group Berhad’s (IOIPG) revenue increased by 19% to RM704.8 million in the second quarter ended 31 December 2021 (Q2 FY2022) compared to preceding year corresponding quarter, with improved financial performance across all its business segments in property development, property investment, and hospitality and leisure. The Group achieved RM125.3 million in net profit in the same quarter, after taking a fair value loss of RM98.4 million attributed to IOI Mall, Xiamen. Otherwise, the Group’s profit before taxation of RM331.3 million in Q2 FY2022 is 21% higher than the preceding year corresponding quarter.
Revenue and operating profit for property development segment increased by 15% to RM571.6 million and by 7% to RM206.5 million respectively in Q2 FY2022 compared to preceding year corresponding quarter. This was contributed by higher sales from operations in Malaysia, driven by dynamic sales and marketing campaigns as well as the extension of the Home Ownership Campaign to 31 December 2021. The vaccinated travel lane arrangement between the Malaysian and Singaporean governments has also contributed to better financial performance as it facilitated the business process of property transactions in the Group’s developments located in Johor.
Kuala Lumpur, 4 March 2022 – In celebration of this year’s International Women’s Day, Taobao today announced the Taobao 3.8 Sale featuring traditional Malaysian flavours from women-focused New Village micro-businesses, in addition to a range of special deals available from 4 March to 8 March 2022.
An extension of Taobao’s collaboration with the Selangor state government since this Chinese New Year, this joint initiative aims to bring more New Village brands onto the Taobao platform to promote the cultural assets of Malaysia especially among the younger generation. It also seeks to enhance the ability of underserved New Village communities to achieve economic growth by harnessing digital channels, along with effective and sustainable product marketing and brand management.
