CIMB-Principal Asset Management Bhd recently honoured its top Corporate Private Retirement Scheme (PRS) partners, including Celcom Axiata Berhad, S.L.NG & Associates, IJM Corporation Berhad and Cuckoo International (MAL) Sdn Bhd, for their efforts in providing the best investment retirement solutions for their employees, in conjunction with the company’s third annual corporate PRS conference.
This was the first year of the PRS conference in which CIMB-Principal started recognising corporate employers who had gone the extra mile to provide their employees with the opportunity to save for their pension by investing in CIMB-Principal’s PRS funds approved by the Securities Commission Malaysia.
Pelaburan Hartanah Berhad (PHB) has increased the fund size of Amanah Hartanah Bumiputera (AHB) by 500 million units to increase Bumiputera ownership of prime commercial properties, strategically located in central cities throughout Malaysia.
The additional units were launched in a ceremony graced by Datuk Seri Mohd Najib bin Tun Abdul Razak, Prime Minister of Malaysia who is also the Chairman of Yayasan Amanah Hartanah Bumiputera (YAHB), the parent company of PHB.
Pacific Mutual Fund Bhd, an investment management company under the OCBC Group, with internal resources to manage both local and global investments for its clients, notes that global economy is still growing steadily and remain in a low inflationary condition but foreseeing some profit taking in the equity markets as they have had excellent gains this year.
Commenting on the outlook for the last quarter of 2017, Chief Executive Officer and Executive Director of Pacific Mutual, Teh Chi-cheun, said, “The US stock market is at all-time highs and equity markets globally has been very buoyant, even with on-going geopolitical risks. This bull market does need to have a short breather and the trigger could be earnings of US corporations which could miss expectations in the third quarter of 2017 due to the recent hurricanes and higher base effect compared to 3Q2016.”
