Kuala Lumpur (August 3rd 2020): The Worldcom Confidence Index (WCI), which uses a sophisticated artificial intelligence (AI) tool to track the sentiments and engagement of C-Suite Executives at over 54,000 leading businesses around the world (including 811 major Malaysian enterprises), has revealed that overall corporate confidence improved during June 2020, despite the continuing COVID-19 crisis, the impact of the George Floyd incident in the USA and ongoing economic concerns.

Kuala Lumpur – Manulife Investment Management (M) Berhad (‘Manulife’) announced today the launch of the Manulife Global Low Volatility Equity Fund (the ‘Fund’), which aims to provide Malaysian investors with stable capital growth over the long run through investments in global companies with sustainable business models, while seeking to limit volatility and emphasize downside protection. The Fund is a retail feeder fund that invests at least 95% of its net asset value into Alliance Bernstein’s SICAV I – Low Volatility Equity Portfolio (the “Target Fund”), which follows the disciplined approach and investment philosophy of QSP – investing in high-Quality, Stable companies at the right Price to beat the market and cushion downside. 

“Equity markets around the world continue to be volatile as the global pandemic rages on and relationships between major economic powers intensify. While we have seen strong market recoveries over the few past months, we can expect these issues to continue to influence the market directions. As investors, we can only mitigate the associated risks by searching further and wider for opportunities. Taking a global perspective and focusing on the potential long-term success of companies allows investors to cut through short-term market noises and stay on course to achieving their financial objectives,” said Jason Chong, CEO, Manulife Investment Management (M) Berhad. 

Kuala Lumpur, 30 July 2020: Kenanga Investment Bank Berhad (“Kenanga Group”) was awarded 7 accolades out of the 21 categories at the coveted annual Bursa Excellence Awards event held at the Bursa Malaysia Listing Gallery today. 

SEOUL, July 30, 2020 – LG Electronics Inc. (LG) second-quarter 2020 financial results were affected significantly by the worldwide impact of the pandemic. Consolidated revenue of KRW 12.83 trillion (USD 10.51 billion) was 17.9 percent lower than the same period of 2019, while operating profit of KRW 495.4 billion (USD 405.65 million) declined 24.1 percent from last year’s record second-quarter operating income. The resilient company managed its supply chain and cost structure to weather the storm of the global public health and economic crises. 

The LG Home Appliance & Air Solution Company reported revenues of KRW 5.16 trillion (USD 4.22 billion) in the second quarter, down 15.5 percent from the second quarter of 2019, due to the effect of softer global demand during the pandemic. Operating income of KRW 628 billion (USD 514.23 million) declined 12.5 percent year-on-year even though operating profit margin of 12.2 percent was the highest second quarter in the history of the LG H&A Company. Looking ahead, the LG H&A Company is buoyed by increasing consumer interest in healthier living.