Malaysia's Largest Pension Fund 1Q Income Drops on Volatility
Malaysia's state retirement fund reported a 13% year-on-year drop in investment income for the first three months of the year due to volatility in global markets.
Investment income for the first quarter dropped to 18.31 billion ringgit ($4.3 billion) from 20.99 billion ringgit a year ago, the Employees Provident Fund said in a statement Tuesday. Contribution from equities — the biggest asset class — slid 23% from a year ago.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
2 hours ago
- Bloomberg
Vietnam Says It Is Responding to US Demands With ‘Goodwill'
Vietnam said it is responding to US demands with 'goodwill' as it seeks to address the Trump administration's concerns over the Southeast Asian country's trade gap with the US and avoid crippling duties. Vietnam's Minister of Industry and Trade Nguyen Hong Dien replied to US concerns in documents submitted to the US, and held talks with Trade Representative Jamieson Greer in Paris, according to a post on the Vietnam trade ministry's website. Dien also raised trade concerns of Vietnam, it said.
Bloomberg
8 hours ago
- Bloomberg
China's First Foreign-Owned Hospital Seeks More Medical Tourists
A Singapore hospital operator wants more international patients to seek treatment at its new medical center in China, as foreign healthcare providers eye medical tourism as a new growth area in the world's second-largest economy. Perennial Holdings Pte 's $139 million hospital opened earlier this year in the northern city of Tianjin, and is the first fully foreign-owned medical facility in the mainland. The hospital aims to derive 30% of its revenue during its first year of operation from patients visiting from Russia to the Middle East and Southeast Asia — hoping China will become an emerging destination for medical tourism that can compete with established regional rivals Singapore, Thailand and Japan.
Washington Post
9 hours ago
- Washington Post
Tilly's: Fiscal Q1 Earnings Snapshot
IRVINE, Calif. — IRVINE, Calif. — Tilly's Inc. (TLYS) on Wednesday reported a loss of $22.2 million in its fiscal first quarter. On a per-share basis, the Irvine, California-based company said it had a loss of 74 cents. The clothing and accessories retailer posted revenue of $107.6 million in the period.
