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

Tech and growth stocks dragged Wall Street's main indexes lower on Friday, at the end of an upbeat holiday-shortened week driven by expectations around a traditionally strong period for markets.

Wall Street falls as strong holiday-shortened week nears close

SCGM Bhd's (KL:SCGM) substantial shareholders are to inject their agriculture-related business into the cash company in return for RM207.94 million worth of shares as part of the company's regularisation plan.

SCGM formalises injection of agriculture business, proposes 25 sen special dividend 

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

ViTrox, Kim Loong Resources, Crescendo, JcbNext, OCB, Paragon Globe, Tropicana, Asia Poly, Nova MSC, PUC, SCGM

A mystery seller is asking US$200 million (RM893.43 million) for an empty waterfront lot next door to the properties Jeff Bezos bought in South Florida.

The roughly 1.84 acre lot (0.74 hectare) is located at Indian Creek, a man-made barrier island that’s been dubbed “Billionaire Bunker.” Ilya Reznik, who’s brokering the transaction, declined to identify the seller but said they are “willing to negotiate” on price.

Bezos’ Miami neighbour seeking US$200 mil for empty lot

Brazil’s annual inflation unexpectedly slowed in early December as energy costs dropped, giving central bankers limited relief as they pledge two more jumbo interest rate hikes by March.

Official data released on Friday showed consumer prices rose 4.71% from a year earlier, below the 4.83% median estimate in a Bloomberg survey of economists and the prior reading of 4.77%.

Brazil’s annual inflation unexpectedly slows, giving central bank limited respite

Vietnamese Prime Minister Pham Minh Chinh instructed the investment ministry and other authorities to work on development scenarios and measures that will enable the country to attain “double-digit” growth in gross domestic product next year.

Vietnam PM seeks steps for double-digit GDP growth next year

Shell has shut down one of its oil processing units at the Shell Energy and Chemicals Park on Singapore’s Pulau Bukom to facilitate an investigation into a suspected leak in the system.

Shell shuts down oil processing unit at Singapore's Pulau Bukom to probe leak

A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman of Russia's Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea.

Norwegian shipping firm denies Moscow's claim it refused to help sinking Russian ship

OpenAI, founded a decade ago as a research organisation, is considering a change to the AI company’s structure that would create a more conventional money-making corporation alongside a non-profit arm.

OpenAI mulls plan for more conventional for-profit business 

Over 330 initial public offerings (IPOs), US$20 billion (RM89.34 billion) of proceeds and more than US$160 billion addition in country’s market value, sums up a bumper year for India that is set to further strengthen its position among top global destinations for capital raising.

Roaring debuts cap a bumper year for IPOs in India

Khazanah Nasional Bhd announced on Friday that it has invested in private equity Cambrian Fund and California-based artificial intelligence (AI) firm Syntiant Corp.

In a statement, the sovereign wealth fund said the investment was made through its RM1 billion Dana Impak fund, which aims to drive greater growth and innovation in Industrial Revolution 4.0 (IR4) technologies and capacity development, and boost research and development (R&amp;D) in AI and semiconductor technologies.

Khazanah announces investments into ViTrox-backed Cambrian Fund and AI firm Syntiant Corp

The proposed adjustment in Peninsular Malaysia’s base electricity tariff under the Regulatory Period 2025-2027 (RP4) is mainly a “rebasing exercise” to reflect higher fuel costs assumption, said Tenaga Nasional Bhd (KL:TENAGA).

Base electricity tariff adjustment reflects higher fuel costs, won't burden vulnerable groups, says Tenaga

The government will not allow increases in electricity tariffs that would burden the majority of the public, said Prime Minister Datuk Seri Anwar Ibrahim.

Electricity tariff adjustment won’t burden majority, says PM

PUC Bhd’s (KL:PUC) photography associate Pictureworks International Holdings Ltd has filed for a listing on Nasdaq in the US.

The initial public offering (IPO) of its 27.53%-owned associate has been registered with the US Securities and Exchange Commission though the terms such as pricing, number of shares to be offered, and timetable for the public offering were not disclosed.

PUC’s associate Pictureworks files for IPO on Nasdaq in US

Crescendo Corporation Bhd (KL:CRESNDO) reported a more than fivefold increase in net profit for its third quarter, driven by data centre land sales in Nusa Cemerlang Industrial Park (NCIP) in Iskandar Puteri, Johor.

Data centre land sales lift Crescendo's 3Q net profit

PAS'&nbsp;move to 'politicise' the recent Christmas celebration&nbsp;at the Ministry of Housing and Local Government was&nbsp;disrespectful to the rights of Malaysia’s multiracial and multi-religious society, according to three DAP leaders.

DAP leaders criticise PAS for 'politicising' Christmas celebration

No decision has been made regarding electricity tariff hikes in Peninsular Malaysia as of now, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

No decision on electricity rate hike just yet — DPM Fadillah

On Nov 20, the Kuala Terengganu Shariah High Court handed down the sentence of six lashes in public for repeated offences of khalwat (close proximity) against a carpenter named Mohd Affendi Awan.

Shariah whipping in public — does it exceed the Shariah Courts’ jurisdiction?

Cocoaland Holdings Bhd co-founder Lau Pak Lam has ceased to be a substantial shareholder in PUC Bhd (KL:PUC) after disposing of 100 million shares or a 3.6% stake in the digital payment solutions provider via a direct business transaction on Dec 23.

PUC changes substantial shareholders

Industrial services firm Swift Energy Technology Bhd's initial public offering (IPO) was oversubscribed by 58.09 times for the 50.04 million new shares offered to the public, the issuing house said on Friday.

Swift Energy's IPO shares for public oversubscribed by 58 times

The Inland Revenue Board (IRB) has received 114 million e-invoices from 9,000 taxpayers as of Thursday.

IRB corporate services department director Noraini Mustafa said that the response has been very encouraging, particularly in Phase 1, with some companies originally scheduled for Phases 2 and 3 voluntarily participating earlier than required.

IRB says 114 million e-invoices received as of Dec 26

A man was whipped at a mosque in Terengganu on Friday for the Islamic crime of close proximity with a non-family member of the opposite sex, local media reported, in a rare public sentencing.

Man publicly whipped in Terengganu for Islamic crime of close proximity

Malaysia's Foreign Ministry through the Embassy of Malaysia in Stockholm, is in constant communication with the Norwegian authorities to gather more information regarding a bus accident near Lake Åsvatnet on Dec 26 which reportedly involved passengers from several countries including Malaysia.

Malaysia sends consular team following bus accident in Norway

The Human Rights Commission of Malaysia (Suhakam) expresses its deep concern over the decision of the Terengganu Shariah Court in the case of Mohd Affendi Awang, a 42-year-old carpenter, who was sentenced to six lashes in public, after being convicted of repeated khalwat (close proximity) offences under Section 31(a) of the Shariah Criminal Offences (Takzir) (Terengganu) Enactment 2022. This punishment undermines human rights, dignity, and the rule of law. The commission takes note that whipping under shariah laws is different from civil law. Be that as it may, the sentence not only constitutes cruel, inhuman, and degrading treatment, but also raises serious questions regarding the legality of public whipping under the Federal Constitution and federal law.

Public whipping in Terengganu: A violation of human rights and rule of law

The LED Fantasy Light Carnival held at the Bukit Gambir Multipurpose Hall has been ordered to cease immediately and has been fully shut down.

The Tangkak District Council (MDT), through a post on its Facebook page, announced that an investigation found the organisers had failed to comply with the conditions for holding the carnival, particularly in terms of its sensitivity to the local community.

Tangkak LED Fantasy Light Carnival shut down over Chinese flag on rocket

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

Chinese national Huang YongKang has emerged as Asia Poly Holdings Bhd's (KL:ASIAPLY) second biggest shareholder after taking up the entire 95.85 million shares issued under a private placement.&nbsp;

The shares represent a 9.09% stake in the Klang-based cast acrylic sheets manufacturer.

Asia Poly sees emergence of new substantial shareholder

Penang, Johor, Selangor, Sarawak, and Kuala Lumpur dominated Malaysia’s exports, accounting for 83.8% of the total in November, said the Department of Statistics Malaysia (DOSM).

Penang, Johor, Selangor, Sarawak and KL the top exporters in November, data show

The staff involved in the Christmas celebration at the Ministry of Housing and Local Government (KPKT) in Putrajaya recently were mostly Christians.&nbsp;

Minister Nga Kor Ming said many of those who sang “Jingle Bells” were Kadazans&nbsp;from Sabah, apart from employees from Sarawak.

Nga says ministry's Christmas celebration involved mostly non-Muslims

Loss-making OCB Bhd (KL:OCB) is to sell its loss-making and indebted wholly owned subsidiary Agrow Malaysia Sdn Bhd for RM3 million cash.

The purchaser, Tan Sim Lam, will also take over OCB’s role as the building materials unit’s guarantor of RM20.32 million debt as part of the deal, according to the consumer food and bedding maker’s bourse filing on Friday.

The Edge ESG Award 2022

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The Edge ESG Award 2022

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