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PETALING JAYA: Although environmental, social and governance (ESG) issues have been gaining prominence, they do not appear to enhance the stock valuation in the country. The Covid-19 pandemic has prompted governments and businesses to focus on sectors like healthcare and green spaces, connectivity via the Internet, as well as work and education opportunities. But does a ESG ranking and disclosure enhance valuation in Malaysia? UOB Kay Hian said its studies concur with the consensus view that just being ESG-compliant does not necessarily enhance a stock’s valuation or share performance. With the ESG theme beginning to feature in financial and investment decisions by financial institutions, the research house expects companies with better ESG practices and disclosure to be favoured by financial institutions and funds moving forward. “Although the FTSE4Good Bursa Malaysia Index (F4GBM) has underperformed as compared with the FBM Emas Index, F4GBM’s performance had increased by ... » Learn More about Funds favour firms with superior ESG practices

Almost every financial advisor you meet will ask if you have an emergency fund in place. You know what the unfortunate thing is? Too many Singaporeans don’t have one! If you’re not too familiar with what an emergency fund is and how you can build one – you’ve come to the right place. Why do you need an emergency fund? An emergency fund is a sum of money set aside for accidents, sudden injury, or an unexpected loss of income. It’s essentially what you keep aside “for a rainy day”. Unpredictable events can be life-altering as well as expensive, resulting in financial emergencies. An emergency fund gives you the buffer you need to pay out-of-pocket expenses, so you don’t have to turn to loans or credit cards to cover the short-term lack of cash. At this point, you may be thinking: Isn’t that what insurance is for? Yes, if you have insurance to cover any of the financial emergencies above, it’s a great way to cover the bulk of your medical expenses. But even with insurance, you ... » Learn More about Why every Singaporean needs an emergency fund – and how you can build yours

NEW YORK - The ripple effect from the downfall of Archegos Capital could cost global banks more than US$6 billion (S$8 billion), sources familiar with trades involving the US investment firm said, as regulators and investors fear the episode could reverberate more widely. Japan's Nomura and Credit Suisse of Switzerland warned of major losses from lending to Archegos for equity derivatives trades, triggering a worldwide sell-off in banking stocks. Morgan Stanley shares fell 2.6 per cent and Goldman Sachs Group dropped 1.7 per cent on Monday (March 29). Nomura shares closed down 16.3 per cent, a record one-day drop, while Credit Suisse shares tumbled 14 per cent, their biggest fall in a year. Deutsche Bank dropped 5 per cent and UBS was off 3.8 per cent. Losses at Archegos Capital Management, a family office run by former Tiger Asia manager Bill Hwang, sparked a fire sale of stocks, including ViacomCBS and Discovery, on Friday, a source familiar with the matter said. "This is a ... » Learn More about Global banks may lose over $8b from collapse of US hedge fund Archegos

Photos courtesy of Crimson Education Global edutech company Crimson Education recently launched the Crimson Youth Fund, a global initiative established for young people aged 13 - 21 who want to make a positive impact on their community. The Crimson Youth Fund offers up to $50,000 USD of funding spanning over 15 countries, with each individual event and project having the opportunity to receive up to $1,500 USD in funding . The Fund was launched first in Thailand at the Be Different: Unique Extracurriculars for US Undergraduate Applicants event on February 10, 2019. Young minds contribute to some of the most impressive and innovative advancements in today’s society. Sujaree Xu, Managing Director of Crimson Education Thailand, says students have the ability to inspire better connectivity, access to information and in turn, advancement within their communities. “The Crimson Youth Fund is designed to support young people who lack funding , an established network , ... » Learn More about Crimson Youth Fund launched for students

SEN. Christopher Lawrence “Bong” Go is optimistic that the enactment of the Coco Levy Trust Fund Act will benefit millions of farmers and modernize the coconut industry. President Rodrigo Duterte signed on February 26 Republic Act (RA) 11524 or the Coconut Farmers and Industry Trust Fund Act, which mandates the Bureau of Treasury to transmit P10 billion to the coco levy trust fund on the first year of its implementation; P10 billion on the second year; P15 billion on the third year; P15 billion on the fourth year and P25 billion on the fifth year. Go, co-author of RA 11524, noted that coconut farmers have waited decades for the passage of the measure. “So many administrations had passed. And now, it [was] finally signed [into law],” he said in a statement. About P5 billion of the Coco Levy Trust Fund will be used for the programs of the Coconut Farmers and Industry Development Plan, including the training of coconut farmers and their families, and planting and replanting of ... » Learn More about Millions to benefit from coco trust fund – Bong Go

Photos courtesy of Crimson Education Thailand Crimson Education awarded funding to its first student in Thailand this month. Sasha Patil is a Year 12 student at St. Andrews International School who is hosting a Model United Nations conference for high school students this April 26-28. Working in a team of five, she and her friends have coordinated between twelve different schools, including ​Shrewsbury International School and King Mongkut’s International Demonstration School. Schools from China and Indonesia are also attending, bringing the number of attendees to roughly one hundred students. “We are hoping that our MUN conference inspires [students] for their future careers,” says Sasha, whose own interest in Model United Nations began when her mother suggested she try attending a conference three years ago.​ “I enjoyed learning about issues that I didn’t directly learn in school, and issues I’ve never heard of, or thought that they were of little importance,” says Sasha. ... » Learn More about Thai student receives funding for MUN conference

THE Social Security System disbursements for death benefit claims under the Social Security (SS) Fund declined by 2.3 percent in 2020 compared with the previous year, with a total amount reaching P54.65 billion to 1.05 million members SSS President and Chief Executive Officer Aurora Ignacio attributed the decrease in disbursements for death claims to the quarantine protocols implemented as early as March 2020 which limited the movements of the people. “Considering that filing of death benefit claims is still being done through the drop-box system, branch appointment, or through number coding system, the number of benefit claims received and processed were also affected. Our employees are also on an Alternative Working Arrangements (AWA) — in compliance with Civil Service Commission (CSC) guidelines which means only 50 to 70 percent of our personnel works in the office permanently,” Ignacio said. To compare in previous years, death benefit disbursements in 2016 reached P38.36 ... » Learn More about SSS disburses P54.65 billion in death benefits under the Social Security Fund in 2020

Hospital Kuala Lumpur forensic medicine consultant Dr Siew Sheue Feng, 50, told the High Court here that the wound was listed as the first among 16 wounds and marks found on Nazrin’s body. "The wound was 5 x 4 cm on the external and the track inside the brain was 6.8cm,” the 46th prosecution witness said during examination-in-chief by Deputy Public Prosecutor Tengku Intan Suraya Tengku Ismail. When cross-examined by Tan Sri Muhammad Shafee Abdullah later, Dr Siew said according to the computerised tomography (CT) scan, the diameter of the 6.8cm-deep wound was 0.4cm. "This (measurement) is when the brain tissue had come back to its normal state after the object (which caused the 6.8cm-deep wound) was no longer there,” he said. Dr Siew said such a wound could be interpreted with a pattern of injury resulting from using a hammer or an archery set. "The hammer can explain the fracture in the skull, but cannot explain the track (wound) of the brain. It is unlikely to be a hammer ... » Learn More about Cradle Fund CEO murder trial: Nazrin had deep wound track in the head, says witness

FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri/File Photo NEW YORK  – The S&P 500 ended just slightly in the red on Monday, with bank shares falling amid warnings of potential losses from a hedge fund’s default on margin calls, while optimism over the economy limited the day’s declines. The Dow ended higher, with shares of planemaker Boeing Co rising 2.3% after the company reached a deal with U.S. budget carrier Southwest Airlines Co for a variant of the 737 MAX aircraft. Nomura and Credit Suisse are facing billions of dollars in losses after a U.S. hedge fund, named by sources as Archegos Capital, defaulted on margin calls, putting investors on edge about who else might have been caught out. Shares of big U.S. banks and even regional banks fell on the news. The KBW Nasdaq Bank stock index ended 2.3% lower after falling nearly 3.5% during the ... » Learn More about S&P 500 ends a hair lower; hedge fund default concerns hit banks

KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB), the wholly-owned unit trust management company of Permodalan Nasional Bhd (PNB), has announced a total income distribution payout of RM1.55 billion for the financial year ending March 31, 2021, for five of its funds. In a statement today, PNB said the five funds include two fixed price funds namely Amanah Saham Bumiputera 2 (ASB 2) and Amanah Saham Malaysia (ASM), as well as three variable price funds which are ASN Equity 3, ASN Imbang 2 and ASN Sara 1. For ASB 2, PNB has declared a dividend of 4.25 per cent, translating into a total income distribution payout of RM488.2 million benefitting 459,416 unit holders who currently hold 11.5 billion units. For ASM, the company has declared a total income distribution payout of RM851.2 million or 4.0 per cent dividend, benefitting 559,222 unit holders who currently hold 21.3 billion units. "As of March 25, 2021, ASB 2 recorded a net realised income of RM499 million, while ASM recorded a ... » Learn More about PNB announces total income distributions of RM1.55bil for five funds