CIMB-Principal Asset Management Bhd announced the launch of its CIMB-Principal China Multi Asset Income Fund (“the fund”), the first-in-Malaysia multi asset fund to offer investors income and moderate capital growth by enabling them to invest in products such as A-shares and bonds in China’s capital markets.
Munirah Khairuddin, Chief Executive Officer of CIMB-Principal, commented, “This fund, the first of its kind in Malaysia, will enable our customers to invest in China, which is not only the second1 largest economy in the world, but also one that is increasingly looked upon to take on the economic leadership in the upcoming rise of Asia.”
Bina Puri Holdings Bhd has achieved its latest milestone, when its subsidiary, an Independent electricity producer PT Megapower Makmur (MPOW) made its debut on the Indonesia Stock Exchange (IDX) on Wednesday, making it the first Non-Government Link Company to successfully listed on the Indonesia Stock Exchange (IDX), Bursa Efek Indonesia.
“We are proud to be the first non-GLC from Malaysia successfully listed on IDX and the second (2nd) independent electricity power producer listed here,” said Datuk Matthew Tee, Director PT Megapower Makmur who is also the Group Executive Director of Bina Puri Holdings Berhad.
Securities Commission Malaysia (SC) last week entered into an Innovation Cooperation Agreement with the Australian Securities and Investments Commission (ASIC) to further promote innovation in financial services in their respective markets.
Under the agreement, SC and ASIC will work closely to share information on emerging trends and regulatory issues in digital finance. Both regulators will also facilitate referrals of innovative businesses seeking to operate in each other’s jurisdictions, as well as explore potential joint innovation projects relating to the application of new technologies.