<div class=newsTextDataWrapInner>SINGAPORE (June 30): Financial accounting is a “useful means of measuring performance,” says DBS CEO Piyush Gupta on Wednesday.</div>

<div class=newsTextDataWrapInner>“As the world increasingly begins to accept that the role of a corporation is to cater to several constituencies, not just shareholders, it becomes imperative to create a better scorecard, one that takes these ‘non-financial externalities’ into account,” he adds in a statement released through DBS.</div>

<div class=newsTextDataWrapInner>“Banks have the opportunity of being at the leading edge of creating such report cards, and DBS is therefore delighted to partner with like-minded organizations in trying to<a href="https://www.theedgesingapore.com/news/banking-finance/financial-accounting-imperative-create-better-social-environmental-impact" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (June 30): Financial accounting is a “useful means of measuring performance,” says DBS CEO Piyush Gupta on Wednesday.

Financial accounting 'imperative' to create better social, environmental impact-reporting rules, says DBS CEO

MISC Bhd (KL:MISC) has agreed with Netherlands-based floating production storage and offloading (FPSO) operator SBM Holding Inc to exchange ownership interests on two FPSO vessels.

MISC and Dutch-operator SBM agrees to exchange FPSO 

KUALA LUMPUR (Sept 6): Malaysia will continue to strengthen economic cooperation with Brazil, particularly in the semiconductor and energy sectors, said Deputy Minister of Investment, Trade and Industry Liew Chin Tong.

Liew: Malaysia to continue boosting economic cooperation with Brazil, particularly in semicon, energy sectors

There has been no progress on the US$2 billion (RM9.75 billion) two-gigawatt (2GW) solar farm project in Pahang, under a collaboration between Tenaga Nasional Bhd (KL:TENAGA), Citaglobal Bhd (KL:CITAGLB) and Abu Dhabi Future Energy Company PJSC (Masdar), despite the signing of a memorandum of understanding (MOU) last year.

No progress on TNB-Masdar solar tie-up in Pahang, says Citaglobal

Former 1Malaysia Development Bhd (1MDB) board member Tan Sri Mohd Irwan Serigar Abdullah has failed in his bid to bring in six individuals as third parties in the US$6.59 billion (RM28.56 billion) lawsuit filed by the state-owned fund against him.

Irwan fails in attempt to bring in third parties in 1MDB's civil suit against him

SINGAPORE (Sept 6): Singapore’s Energy Market Authority (EMA) has granted conditional approvals for two projects to import 1.4 gigawatts (GW) of low-carbon electricity from Indonesia into Singapore. This follows five conditional approvals awarded in September 2023 to import a total of 2GW of low-carbon electricity from Indonesia to Singapore.

Singapore grants conditional approvals to import additional 1.4GW of low-carbon electricity from Indonesia

The Malaysian Anti-Corruption Commission (MACC) confirmed on Friday that it has initiated a probe against YTL Communications Sdn Bhd (YTL Comms), saying it was initiated based on complaints of alleged graft, misappropriation and power abuse that it received.

MACC confirms probe against YTL Comms over 1BestariNet, says it's based on complaints of alleged graft, PAC findings

SINGAPORE (Sept 6): DBS has appointed Calvin Ong as head of consumer banking Singapore, with effect from Jan 1, 2025. Ong will succeed Jeremy Soo, who will retire from executive duties at the end of the year but stay on as an adviser.

DBS appoints Calvin Ong as head of consumer banking Singapore from Jan 1, 2025

Chief Justice Tun Tengku Maimun Tuan Mat called on the legal fraternity to adhere to their code of conduct and avoid besmirching the justice system for more favourable goals.

“The beauty and challenge of the profession lie in the fact that both facts and law are almost always subject to interpretation,” she said in her opening address at the 2024 Selangor Bar Law Conference here Friday.

Tengku Maimun calls for ethical conduct among legal fraternity to safeguard justice system

(Sept 6): Kevin Connors, a key figure in the build out of Nomura Holdings Inc’s foreign exchange and emerging markets trading business in recent years, has left the firm, according to people familiar with the matter.

Nomura exec Kevin Connors who helped rebuild FX and EM trading exits bank

Police are tracking down a scam offering discounts on outstanding Tenaga Nasional Berhad (TNB) bill payments, which has so far seen seven cases reporting losses of RM280,000.

Director of the Bukit Aman Commercial Crime Investigation Department (JSJK) Datuk Seri Ramli Mohamed Yoosuf said the syndicate was offering the service with a discount of 20% to 30% through Facebook where victims would call a telephone number before sending a photo of the outstanding bill.

Police expose Facebook scam offering discount on electricity bills

Datuk Captain Izham Ismail, the group managing director of Malaysia Aviation Group (MAG), has apologised to Malaysia Airlines customers who are affected by the group’s network reduction exercise.&nbsp;

Captain Izham apologises for network cuts, says move to ensure 'Malaysia Airlines is a safe airline'

KUALA LUMPUR (Sept 6): Malaysia Airlines has unveiled flights to Paris in March next year, marking the national carrier’s return to the French city after more than nine years.

Malaysia Airlines to offer direct flights to Paris after nine years

China is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to consolidate the US$1.70 trillion (RM7.37 trillion) sector and build stronger investment banks to compete with overseas financial firms.

China creates its largest brokerage to take on Wall Street

Hartalega Holdings Bhd (KL:HARTA) said it is seeing demand recovery amid restocking activities while full capacity at Chinese factories have pushed some of the orders to Malaysia.

Demand for gloves at times is strong, but it may slow down occasionally, Hartalega chief executive officer Kuan Mun Leong told reporters following the annual general meeting of Malaysia's largest&nbsp;nitrile glovemaker. However, demand would likely normalise by 2026 after the “bumpy” years, he said.

Hartalega sees glove demand normalising by 2026, shrugs off Chinese competition

KUALA LUMPUR (Sept 4): Malaysia Airlines now expects to receive its first Airbus A330neo in October this year, instead of this month, said Malaysia Aviation Group’s (MAG) group managing director Datuk Captain Izham Ismail.

Malaysia Airlines to get first A330neo in October, one month late

KUALA LUMPUR (Sept 6): Gamuda Bhd (KL:GAMUDA) said on Friday that its joint venture (JV) to build the Ulu Padas hydroelectric project has been approved by the Sabah energy regulator.

Gamuda’s Ulu Padas hydroelectric project approved by Sabah energy regulator

A revised public display of the third phase of the Mass Rapid Transit (MRT3) indicates the government’s commitment and another step forward for the project, CIMB Securities said.

Revised public display of MRT3 seen as another step forward, indicating govt commitment to project

Warren Buffett extended his sales of Bank of America Corp shares into September, reaping a total of US$6.97 billion (RM30.23 billion) since the spree of disposals started in mid-July.

Buffett’s haul from Bank of America stock sales nears US$7b

Pantech Global Bhd, a steel pipe manufacturer, has filed for an initial public offering on the Main Market to raise funds for expansion, including for the construction of a new plant and acquisition of an existing factory.

Pantech Global files for Main Market IPO

Malaysia&nbsp;hopes for the influx of Russian companies into the country and an increase in the tourist flow between the two nations, Prime Minister Datuk Seri Anwar Ibrahim said in an interview with RIA Novosti and RT, reported Sputnik.

Anwar hopes for influx of Russian companies, increase in tourist flow

The prosecution and defence are still ironing out the details of Datin Seri Rosmah Mansor's third letter of representation to drop all 17 money-laundering and tax evasion charges.

Details of Rosmah's third letter of representation in money-laundering case yet to be finalised, court told

Malaysia racked up the largest hoard of foreign reserves in nearly three years by the end of August, according to the central bank.

BNM racks up biggest foreign reserves hoard since Dec 2021

US Republican presidential candidate Donald Trump pledged to cut the corporate tax rate, slash regulations and audit the federal government, embracing an idea proposed by billionaire backer Elon Musk, as he pitched his agenda to Wall Street and corporate leaders in New York.

Trump vows 15% corporate tax, taps Musk for federal audit

KUALA LUMPUR (Sept 6): Permodalan Negeri Selangor Bhd (PNSB) and Gagasan Nadi Cergas (KL:NADIBHD) has announced the commencement of construction for its Rumah Idaman Amani in Shah Alam. The project has a gross development value (GDV) of RM286 million.

PNSB, Gagasan Nadi Cergas break ground for Rumah Idaman Amani at City of Elmina, Shah Alam

IJM Land Bhd officially launched Phase 2 of Ridge View @ Puchong on Friday. This phase was soft-launched on June 29 and has been 70% taken up since then.

Phase 2 of Ridge View is part of the larger Ridge View landed hilltop residential development in Puchong, which will be developed in six phases.

IJM Land’s Phase 2 of Ridge View @ Puchong has 70% take-up

International private healthcare company Columbia Asia Healthcare Sdn Bhd has rebranded to Asia OneHealthcare Sdn Bhd (A1Health) after consolidating its healthcare assets across Malaysia, Indonesia and Vietnam.

Columbia Asia rebrands as Asia OneHealthcare post Ramsay Sime Darby acquisition

Malaysia’s traditional media companies will likely trudge against sustained headwinds on consumer sentiment and advertising spending despite recent improvements, Kenanga Investment Bank warned.

Traditional media companies expected to keep struggling amid sustained headwinds

The Biden administration plans to impose export controls on critical technologies including quantum computing and semiconductor goods, seeking to align key allies in a US-led push to thwart advancements in China and other adversarial nations.

US targets China with quantum and chip-related export curbs

The earnings prospect for real estate investment trusts (REITs) in the second half of this year is expected to remain positive, due to the bright outlook for the retail industry and industrial segment in Malaysia, according to MIDF in a note on Friday.&nbsp;

MIDF positive on REITs' earnings prospects for 2H2024 amid bright retail, industrial outlook

The Malaysian Anti-Corruption Commission (MACC) confirmed on Friday that it has initiated a probe against YTL Communications Sdn Bhd (YTL Comms), saying it was initiated based on complaints of alleged graft, misappropriation and power abuse that it received.