Lum Ming Jang News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Lum ming jang. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Lum Ming Jang Today - Breaking & Trending Today
KUALA LUMPUR (May 17): Fund managers expect Malaysia s gross domestic product (GDP) to grow at about 6% or lower this year on the back of the resurgence of Covid-19 cases, as compared with the central bank’s forecast of 6.5% to 7%. However, the local economy and markets are expected to benefit from global trade recovery and high commodity prices. AmFunds Management Bhd (AmInvest) chief investment officer Wong Yew Joe said the recent announcement of the movement control order (MCO) is weighing down the growth of the local economy. “The general expectation is that for every month of lockdown, it lowers about 0.3% of the GDP. We expect this year’s GDP to be dialled down to 5% to 5.5%.” ....
Sharia: When Muslim principles meet ESG Tanya Ashreena reports. When Schroders announced the launch of its Islamic Global Equity Fund in December, it said the fund would include a diversified investment strategy that combined Sharia law compliance with multi-factor investing and ESG principles. The fund’s launch was in line with the Schroder Global Investor Study published in 2019, which found that many investors in the Islamic world are putting an increased emphasis on sustainability while deciding how to allocate their portfolios – and that there is an opportunity for the Sharia investment industry to capitalise on this. The past couple of years have seen many Islamic funds integrating ESG. ....