MIDF Amanah Asset Management (MAAM) has clinched two silver medals in the Best S (social) and G (governance) categories of The Edge Malaysia ESG Awards 2024 with its MIDF ESG Fund (formerly known as the MIDF Amanah ESG Mustadamah Fund).

MIDF Amanah AM balances sustainability and returns

Manulife Investment Management’s (Manulife IM) Manulife Global Aqua Fund took the top awards for best impact in the basic needs and resource security fund categories for the second consecutive year at The Edge Malaysia ESG Awards 2024.

Manulife IM bags gold again with water sustainability focus

Nomura Asset Management Malaysia (NAM Malaysia) has received recognition for its commitment to ESG, with the Nomura Global Shariah Sustainable Equity Fund (GSSE) winning the gold award in the best ESG performance and returns category at The Edge Malaysia ESG Awards 2024.

Nomura Asset Management Malaysia wins gold with shariah-compliant ESG focus

Maybank Asset Management Sdn Bhd’s (Maybank AM) Maybank Global Sustainable Technology Fund has won silver in the new best ESG performance and returns category at The Edge Malaysia ESG Awards 2024.

Maybank AM maintains ESG commitment amid AI exuberance

Developing data centre infrastructure is key to Malaysia’s goal of becoming a digital hub, boosting data capacity and attracting foreign investments. However, this expansion raises concerns about data security and sovereignty, requiring a balance between investment and protection.

The c...

Safeguards: Navigating cybersecurity challenges amid growth demands

Efforts to mitigate carbon emissions are crucial in combating climate change, yet an equally important aspect that does not get highlighted as often is the strain it can put on the overall healthcare system of a country and its impact on public health.

Climate change is also a health hazard

As tech giants compete to develop the next generation of headsets, extended reality (XR) seems poised to transform not only how individuals interact with the virtual world but also the operations of businesses across industries. 

While adopting this new technology is an obvious ste...

Extended Reality: Making XR more accessible to SMEs

For ViTrox Corp Bhd, sustainability goes beyond merely ticking boxes. Thanks to that spirit, the company clinched the gold award at The Edge Malaysia ESG Awards 2023 in the most improved performance over three years category among companies with market capitalisation exceeding RM5 billion.

ViTrox driven by values

Hengyuan Refining Co Bhd (HRC) took the gold award for the most consistent performer over five years at The Edge Malaysia ESG Awards 2023, a feat it achieved because of its consistent membership in the FTSE4Good Bursa Malaysia Index and transparency in reporting, says its CEO Luke Yin

Consistency is key at Hengyuan

Manulife Investment Management (M) Bhd’s (Manulife IM) Manulife Global Aqua Fund, which has carved a niche for itself with its focus on the global water value chain, clinched the top awards for best impact in the basic needs and resource security fund categories at The Edge Malaysia ESG Awards 2023.

Manulife prioritises sustainable water investments for future growth

Chinese chipmaker CXMT Corp reported a surge in preliminary profit and sales during the first nine months of the year after global demand for memory sent prices of the components soaring.

China’s CXMT swings to profit after memory chip prices surge

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Zetrix AI, Genting, Genting Plantation, IOI Properties, Public Bank, RHB Bank, Cape EMS, Turiya, EGH International, Westsports Holdings & Cosmos Tech 

ExxonMobil Holdings Corp is the latest oil supermajor to signal soaring third-quarter refining profits as wars in the Persian Gulf and Russia crippled fuel-making facilities causing prices to surge.

Exxon signals record refining earnings on soaring diesel prices 

IOI Properties Group Bhd (KL:IOIPG) said its board has yet to deliberate on the potential acquisition of Singapore properties mentioned by its chief executive officer in a media report.

IOI Properties board yet to deliberate on potential Singapore acquisitions

Shipping estimates for Apple Inc’s first folding phone, the iPhone Duo, slipped into December and beyond within minutes of the company opening pre-orders on Friday.

Apple iPhone Duo orders slip into 2027 amid pre-order frenzy

The benchmark S&P 500 was muted on Friday as worries about cracks in the AI trade pressured semiconductor stocks, while gains in banks limited overall declines.

S&P 500 subdued as gains in banks offset AI jitters; Dow at one-month high

Ukrainian President Volodymyr Zelenskiy took aim on Friday at US President Donald Trump's diesel deal with Russia and welcomed the prospect of European allies stepping up their role in talks, calling Moscow's stance a "parody" of peace negotiations.

Zelenskiy blasts Trump's diesel deal and calls Russian peace moves a 'parody'

Parti Amanah Negara (Amanah) president Datuk Seri Mohamad Sabu stated that the party has been allocated eight state legislative assembly (DUN) seats to contest in the Melaka state election (PRN).

Amanah allocated eight seats in Melaka polls — Mohamad Sabu

The US is on track to install record amounts of clean energy this year and next as developers race to claim expiring federal tax credits and as soaring data-centre electricity demand stimulates growth.

US clean energy set to reach new highs as tax-credit cliff looms

US factory production increased in September, but lost considerable momentum in the third quarter amid headwinds from the Middle East conflict, which has snarled supply chains and raised energy prices.

US manufacturing output rises in September

Kuala Lumpur City Hall (DBKL) failed to obtain a stay on the High Court’s April decision ordering it and the wound-up developer, Fame Modulation Sdn Bhd, to pay RM1.3 million in damages to two former civil servants. 
&nbsp;

DBKL fails to halt RM1.3 mil payment order over structural damage to Cheras retired civil servants’ home 

UBB Amanah Bhd has said that there would be delays in its trust income and maturity payments for October, due to "temporary liquidity constraints arising from delayed repayments by certain investee companies".

UBB Amanah defers October trust payouts amid ‘temporary liquidity constraints’

Genting Bhd (KL:GENTING) executive chairman Tan Sri Lim Kok Thay’s private investment vehicle, Kien Huat Realty Sdn Bhd, has acquired additional shares in the group as its stock hovers near its two-decade lows.

Genting chairman buys more shares as stock nears two-decade low

The Sessions Court here was told on Friday that local fashion company&nbsp;FashionValet Sdn Bhd&nbsp;received investment funds totalling nearly RM40 million from Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) eight years ago.

FashionValet received investment of almost RM40 mil from Khazanah, PNB, says witness

The High Court has given more time to Tan Sri Shahrir Samad and Tan Sri Tommy Thomas to iron out settlement terms in the former Federal Land Development Authority (Felda) chairman's malicious-prosecution suit against the former attorney general.

Shahrir Samad, ex-AG Tommy Thomas to update court on Nov 11 of possible settlement in malicious-prosecution suit

Genting Property Sdn Bhd, the property division of Genting Plantations Bhd (KL:GENP), has entered into a strategic partnership with Huawei Technologies (Malaysia) Sdn Bhd to master-plan Johor Tech Smart City (JTSC), including its flagship 430-acre smart campus within the Knowledge AI Campus.

Genting Property partners Huawei to master-plan 430-acre smart campus at Johor Tech Smart City

Malaysia’s six homegrown semiconductor innovations developed under the Semiconductor IC Design Park have an estimated combined sales potential of RM300 million, said Economy Minister Akmal Nasrullah Mohd Nasir. However, he did not specify when the sales target could be achieved.

Six chips developed under Semiconductor IC Design Park have RM300m sales potential, says minister

Ormond Group, the hospitality arm of ECM Libra Group Bhd (KL:ECM), broke ground for the 396-key Ormond Desaru resort in Johor on Friday.&nbsp; 
&nbsp;

Ormond Group breaks ground for Ormond Desaru resort

PETRONAS and Vietnam National Industry–Energy Group (Petrovietnam) have signed a strategic alliance agreement to strengthen their 35-year partnership and advance energy security, sustainability and long-term growth.

PETRONAS, Petrovietnam sign strategic alliance to deepen 35-year energy partnership

Zetrix AI Bhd (KL:ZETRIX) faces potential sukuk payment obligations of RM2.16 billion if it fails to resolve a covenant breach by Oct 22, which could trigger a payment default.

Zetrix on the hook for RM2.16 bil as sukuk holders sound alarm bell  

Two Tenaga Nasional Berhad (TNB) workers were rushed to hospital after a fire broke out at &nbsp;a major electricity substation in Johor Bahru on Friday, causing power outages across large parts of the state capital.

Two TNB workers rushed to hospital after JB power substation fire  

Datuk Vijayasundaram Jeyabalan has emerged as a substantial shareholder in Turiya Bhd (KL:TURIYA) after acquiring 22.872 million shares, representing a 9.091% stake in the company, through a private placement.

Vijayasundaram Jeyabalan emerges as Turiya’s second-largest shareholder with 9.09% stake via placement

The upfront costs incurred by CelcomDigi Bhd (KL:CDB) and Maxis Bhd (KL:MAXIS) for the latest spectrum awards are expected to be offset by capital expenditure savings and lower network costs, according to Hong Leong Investment Bank (HLIB).

CelcomDigi, Maxis spectrum costs to be offset by capex and network savings — HLIB

Public Bank Bhd (KL:PBBANK) could see its consolidated net assets and earnings per share reduced by four sen, following an expected HK$1.964 billion — or about RM1.1 billion — goodwill impairment at its Hong Kong-listed subsidiary, Public Financial Holdings Ltd (PFHL).

Public Bank’s HK unit to take HK$1.9b non-cash impairment, trimming parent’s net assets and earnings by four sen per share

Toyota Motor Corp plans to use its own gigacasting machinery to make electric vehicles at a&nbsp;US$2 billion (RM8.2 billion) Lexus factory in China, part of its push to reverse a sales decline in the world’s biggest car market. 
&nbsp;

Toyota to debut its own version of Tesla EV-making tech in China

Bank Negara Malaysia (BNM) has maintained additional capital buffer requirements for the country’s three biggest banks: Malayan Banking Bhd (KL:MAYBANK), CIMB Group Holdings Bhd (KL:CIMB) and Public Bank Bhd (KL:PPBANK).

Bank Negara keeps Maybank, CIMB and Public Bank on systemically important banks list, with capital buffers unchanged

The new minimum wage rule for larger firms will be assessed at the group level and not individual subsidiaries, Human Resources Minister Datuk Seri R Ramanan said.

Ramanan: Minimum wage threshold applies at group level, covers foreign workers too

RHB Bank Bhd (KL:RHBBANK) said on Friday it has applied to Bank Negara Malaysia (BNM) for more time to conclude negotiations with Tokio Marine Asia Pte Ltd on the proposed merger of their insurance business in the country.

RHB Bank seeks more time to conclude insurance merger with Tokio Marine

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Partners Group Holding AG has cut or reassigned dozens of positions in its private equity unit, as the firm seeks to boost performance under investor scrutiny.&nbsp;

Ahmad Naqib Idris

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

Ahmad Naqib Idris

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌