The gala dinner for the inaugural The Edge Malaysia ESG Awards was held at Sunway Resort Hotel on Nov 28. A total of 65 awards were presented to 44 public-listed companies (PLCs) and asset management firms at the event, which saw about 400 people in attendance.

44 winners honoured at inaugural The Edge Malaysia ESG Awards gala night

The Edge Malaysia ESG Awards aim to celebrate excellence among Malaysian public-listed companies and asset management firms. Therefore, it is only apt that the trophy embraces the concept of sustainability and celebrates local heritage.

Making the trophy

Press Metal Aluminium Holdings Bhd snatched two gold trophies at the awards — one in the industrial products and services category a...

Press Metal presses on with its sustainability agenda

Sunway Bhd clinched the long-term achiever award and the silver award in the industrial products and services sector at The Edge Malaysia ESG Awards 2022. Ong Pang Yen, executive director of the chairman’s office at Sunway, attributes the success to the company’s commitment to the people and planet.

Sunway believes embracing ESG is the right thing to do

Bermaz Auto Bhd bagged two awards at the inaugural The Edge Malaysia ESG Awards 2022. The company is one of the top three performers in Asean and the silver winner in the consumer products and services sector.

Bermaz Auto: ESG is at the heart of operations

Fraser & Neave Holdings Bhd (F&N) won gold at The Edge Malaysia ESG Awards 2022 in the consumer products and services sector and an...

Fraser & Neave drives progress with solid governance structure

Westports Holdings Bhd clinched two gold trophies at The Edge Malaysia ESG Awards 2022, one in the transport and logistics sector and the other in the most consistent performer over five years category.

Westports embraces innovation to stay on track

Malaysian Pacific Industries Bhd (MPI) took home the gold trophy in the technology sector at The Edge Malaysia ESG Awards 2022. It was also one of the top three performers in Asean.

MPI believes leadership is key to ESG implementation

Digi.com Bhd bagged the gold trophy for the telecommunications and media sector at The Edge Malaysia ESG Awards 2022. Philip Ling, head of sustainability at Digi, attributes the success to the company’s commitment to responsible business, which is one of the three key pillars of the company’s strategy.

Digi sees responsible business as a key pillar

Two awards were won by UOB Asset Management’s United Sustainable Series  Global Credits fund at The Edge Malaysia ESG Awards 2022. The fund clinched the gold award in the best fixed income fund category and the silver award in the best impact in healthy ecosystems category.

UOB Asset Management focuses on companies’ ESG profiles

George Kent (Malaysia) Bhd won gold at The Edge Malaysia ESG Awards 2022 in the construction sector category, thanks to its efforts in in...

George Kent prioritises education in its ESG-adoption journey

Frontken Corp Bhd won the gold trophy in the most improved performance over three years category at The Edge Malaysia ESG Awards 2022. Executive director and chief scientist Dr Tay Kiang Meng says the engineering solutions provider attributes its success to the hard work and persistence of its team, which has overcome many challenges.

Frontken takes small steps at a time to achieve success

OCK Group Bhd took home the gold award for the most improved performance over three years category for companies with a market capitalisation between RM300 million and RM800 million.

OCK Group champions open communication

Public Mutual Bhd bagged two fund awards at The Edge Malaysia ESG Awards 2022. Its Public e-Carbon Efficient fund won gold in the best E (environmental) fund category while its Public e-Islamic Sustainable Millennial fund won silver in the best low carbon award category. Public Mutual CEO Chiang Kang Pey says the awards will motivate the company to continue pursuing greater goals.

Public Mutual takes long-term view

ANZ Group Holdings Ltd’s new chief executive officer will face a long list of challenges when he takes up his role at Australia’s second-largest lender by assets next July. 

Nuno Matos, the former HSBC Holdings plc wealth chief who was named on Monday to replace Shayne Elliott, will need to appease regulator probes, integrate the company’s biggest acquisition on record, and eke out profit from an increasingly commoditised lending market.

Ex-HSBC banker Nuno Matos brings ‘clean slate’ to ANZ as CEO

KUALA LUMPUR (Dec 9): The Human Resource Development Corporation (HRD Corp) should undergo a leadership overhaul, despite being cleared of any corruption by the Malaysian Anti-Corruption Commission (MACC), a lawmaker said.

Leadership overhaul at HRD Corp needed despite corruption clearance by MACC, says govt backbencher

Taiwan raised its alert level on Monday saying China has set up seven zones of reserved airspace and deployed naval fleets and coast guard boats in what a security source described as the first military drills across a broad swathe of the region's waters.

Taiwan raises alert as China deploys 90 ships in likely drills

The Human Resource Development Corporation (HRD Corp) is still under investigation, according to Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki.

HRD Corp still under probe, clarifies MACC chief

South Korean President Yoon Suk Yeol has been banned from leaving the country over a failed attempt at imposing martial law, a justice ministry official said on Monday, amid growing calls for him to step down and a deepening leadership crisis.

South Korea President Yoon banned from foreign travel as leadership crisis deepens

Key allies of Emmanuel Macron are heaping pressure on the French president to name a new prime minister quickly, with time running short to pass a stopgap spending bill before the end of the year.

Macron faces mounting pressure to find new French prime minister

Bank Negara Malaysia (BNM) will hold a closed-door briefing for government and opposition Members of Parliament in Parliament on Tuesday to address concerns over the rising cost of medical insurance premiums.

BNM to brief MPs on medical insurance premium hike on Tuesday

The High Court here has cautioned defence lawyer Tan Sri Muhammad Shafee Abdullah from making comments about the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial to the media after the prosecution objected to a press conference Shafee had held on Monday afternoon.

High Court cautions Shafee over press conferences

China's exports likely grew in November, continuing an upbeat trend as Chinese exporters likely frontloaded shipments amid growing tariff risks from the incoming US administration.

China's November exports likely grew 8.5% 

A company was fined RM75,000 by the Sessions Court on Monday after it admitted to building a solid waste recycling plant in July without obtaining the required Environmental Impact Assessment (EIA) approval from the Department of Environment (DOE).

Judge Azman Abu Hassan delivered the decision against Grey Matter Plastic Industries Sn Bhd manager, Mohd Hasrul Hafiz Roslan, who represented the company.

Company fined RM75,000 for building solid waste recycling plant without DOE approval

In recent years, Malaysia has emerged as a data centre powerhouse in the Asia-Pacific region, driven by a global surge in demand and an established data centre sector.&nbsp;

With favourable conditions such as the availability of land, cheaper electricity, and an advantageous geographical location, the country has attracted numerous firms to establish data centre operations within its borders.

How Malaysia is setting itself up as an AI hub

In one of his rare interviews in January 1996, the late T Ananda Krishnan said his passion was to go into the business of the future.

Alternative Views: Ananda’s unfinished business leaves much to speculation

The Malaysian Anti-Corruption Commission (MACC) found no wrongdoing within the Human Resource Development Corporation (HRD Corp).

No offences under the MACC Act 2009 had been committed, according to investigators cited in a Public Accounts Committee (PAC) report on the government agency.

No offences found in HRD Corp probe, says MACC

Shares of Kawan Food Bhd (KL:KAWAN) climbed to their highest in nearly five months on Monday, after the frozen food manufacturer announced a venture into distribution of information technology (IT) equipment.

Kawan Food shares climb to near five-month high after news of IT venture

Tenaga Nasional Bhd (KL:TENAGA) and Sembcorp Power Pte Ltd have signed an agreement for the supply of 50 megawatts (MW) of renewable energy to Singapore.

The maiden renewable energy supply from Malaysia to the island-state is the result of the bidding process conducted through Energy Exchange Malaysia (Enegem) in June.

Tenaga, Sembcorp sign deal for supply of 50MW renewable energy to Singapore

US&nbsp;President-elect Donald&nbsp;Trump&nbsp;called on Sunday for an immediate ceasefire and negotiations between&nbsp;Ukraine&nbsp;and Russia&nbsp;to end "the madness", prompting Ukrainian President Volodymr Zelenskiy and the Kremlin to list their conditions.

Trump calls for immediate Ukraine ceasefire, Kyiv and Moscow cite conditions

As Bashar Al-Assad fled to Moscow, the looters started raiding the presidential palace and people took the streets of Damascus to celebrate his demise. The Syrian president had tried to hang on until the bitter end, still desperately sending an SOS to anyone who would listen, including Donald Trump. The despot had run out of road.

Assad’s fall in Syria puts world on watch for more Middle East chaos

Industrial services firm Swift Energy Technology Bhd has begun accepting applications from investors for its initial public offering (IPO) that would gross more than RM84 million on the ACE Market.

The IPO, priced at 28 sen per share, involves a public issue of 250.2 million new shares and an offer for sale of 50.04 million existing shares, according to its prospectus. All in, the listing offers investors a 25% stake in the Selangor-based company.

Swift Energy now selling IPO shares at 28 sen apiece for ACE Market listing

Imprisoned former prime minister Datuk Seri Najib Razak has once again claimed that there was a conspiracy by the US to prevent him from accessing evidence pivotal to mount his defence in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial.

Najib now says US Democrats conspired with then-Opposition to suppress evidence pivotal to his defence

Malaysia’s retail sales growth accelerated in the third quarter, an industry research firm said on Monday, flagging faster growth in the next three months due to the year-end holiday season.

Retail sales growth accelerated to 3.8% in 3Q, may hit 4.4% in 4Q — Retail Group Malaysia

Asian shares struggled with a slide in South Korea on Monday, ahead of a packed week of central bank meetings that should see borrowing costs take a step lower, while US&nbsp;inflation data are the last hurdle to further policy easing there.

Asian stocks slugged by South Korea's turmoil, disinflation in China

Facility management firm GFM Services Bhd (KL:GFM) said on Monday it has signed an agreement to explore a stake in oil-and-gas services firm Shapadu Energy Sdn Bhd for an indicative RM30 million cash.

GFM Services to explore 45% stake in energy services firm Shapadu for RM30m cash

Oil&nbsp;prices nudged higher on Monday, as heightened tensions in the Middle East following the overthrow of Syrian President Bashar al-Assad by rebels offset concerns over weak Chinese demand that was highlighted by Saudi Aramco's price cuts to Asian buyers.

Oil edges up as rising Mideast tensions offset demand fears

Former prime minister Datuk Seri Najib Razak said that he supported 1Malaysia Development Bhd's (1MDB)&nbsp;ambitions to acquire independent power producers (IPPs), by bringing down cost of power,&nbsp;for the well-being of Malaysians.

Najib says supported 1MDB's independent power producer ambitions for Malaysia's 'well-being'

Malaysia’s healthcare sector is set for sustained growth beyond its robust third-quarter results, amid steady increases in both capacity and demand, BIMB Securities said.&nbsp;

The research house, which kept an 'overweight'&nbsp;stance on the sector, expects private hospital operators to "sustain earnings growth of double digits, supported by steady increases in inpatient and outpatient visits”, which are likely to extend into 2025.

Healthy demand, capacity growth to drive healthcare earnings through 2025 — BIMB

US-based Omnicom Group is in advanced talks to acquire rival Interpublic Group in a deal that would create the world’s largest advertising company, The Wall Street Journal&nbsp;(WSJ) reported.

Omnicom, Interpublic in merger talks that would create world's largest ad company — WSJ

KUALA LUMPUR (Dec 9): The Public Accounts Committee (PAC) has called on the Malaysian Anti-Corruption Commission (MACC) to explain its investigation into the Human Resource Development Corporation (HRD Corp), which was classified as “no further action" (NFA).&nbsp;

Explain ‘no further action’ on HRD Corp investigation, PAC tells MACC

KUALA LUMPUR (Dec 9): UEM Sunrise Bhd (KL:UEMS) has received planning permit approval for a A$277.8 million (RM784.8 million) build-to-rent development in Collingwood, Melbourne, Australia.

UEM Sunrise gets nod for A$277.8m build-to-rent project in Melbourne

Former Kedah menteri besar Datuk Seri Mukhriz Mahathir told the High Court on Monday that he did not know that his aunt Habsah’s patronym is Mohamad Iskandar.

Mukhriz says he does not know his aunt’s patronym is Mohamad Iskandar

Local institutions continued to be Bursa Malaysia's primary supporters, with net buying skyrocketing nearly fivefold to RM1.06 billion last week from RM207.7 million recorded in the week before.

In its fund flow report for the week ending Dec 6, MIDF Amanah Investment Bank Bhd (MIDF) noted no outflows were recorded in the entire week from this investor class last week.

The Edge ESG Award 2022

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The Edge ESG Award 2022

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