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

Loss-making timber firm Maxland Bhd (KL:MAXLAND), formerly known as Priceworth International Bhd, is issuing new shares representing 20% of its current share base to two companies, including the private vehicle of its non-executive chairman Datuk Abd Aziz Sheikh Fadzir, to raise funds for its new ventures into bus assembly and the development of district cooling systems for industrial buildings.

Maxland secures RM14.6m via share placement for bus assembly, cooling system ventures

Here is a brief recap of some corporate announcements that made the news on Tuesday

IJM, Maybank, Sunway, IOI Corp, YTL, YTL Power, KLK, Batu Kawan, MAHB, TM, Greatech, Leong Hup, Pharmaniaga, Tan Chong, Matrix Concepts, E&O

Electronic reload and bill payment services provider RichTech Digital Bhd has inked an underwriting agreement with KAF Investment Bank in conjunction with its planned initial public offering (IPO) exercise on the ACE Market of Bursa Malaysia.

ACE Market-bound RichTech inks underwriting agreement with KAF Investment Bank

Thyssenkrupp's steel business plans to cut some 40% of its workforce over the coming years, it announced on Monday in the latest painful overhaul of a German industrial giant, with workers promising fierce resistance.

Thyssenkrupp to cut 11,000 jobs at steel division in major corporate shakeup

WCT Bhd recorded a net profit of RM173.22 million for the third quarter ended Sept 30, 2024 (3QFY2024), compared with a net loss of RM13.54 million a year earlier, thanks to the remeasurement of interest in a jointly controlled entity amounting to RM184 million.

Remeasurement gain from JV helps lift WCT's 3Q net profit despite revenue dip

Southern Cable Group Bhd’s (KL:SCGBHD) net profit for the third quarter more than doubled from a year ago on higher sales volume of power cables and improved margins, attributable to better product mix and economies of scale on increased production.

Southern Cable 3Q net profit doubles to record high, declares 0.75 sen dividend

US-based travel companies, from Marriott International to Booking Holdings are trimming their budgets and workforce ahead of next year as falling leisure travel demand from lower-income travellers hits top-line growth.

US-based travel companies plan layoffs ahead of 2025

Sales of new US single-family homes dropped to the lowest level in nearly two years in October, likely as a rise in mortgage rates drove buyers to the sidelines and hurricanes disrupted activity.

US new home sales tumble to two-year low in October

The flood situation in Kelantan has worsened, while conditions in Terengganu are improving and Johor remains unchanged as of 8pm on Tuesday.

In Kelantan, five temporary relief centres (PPS) were opened on Tuesday night in the districts of Jeli and Kuala Krai, bringing the total number of evacuees in the state to 141 from 47 families, up from 80 individuals this morning.

Floods: Kelantan worsens, Terengganu improves, Johor unchanged

Boustead Holdings Bhd has ceased to be a shareholder of Affin Bank Bhd (KL:AFFIN) after selling all the 482.11 million shares it held in the banking group, equivalent to a 20.08% stake.

Boustead exits Affin Bank after selling entire 20% stake

The net profit of YTL Corp Bhd (KL:YTL) fell by more than a third in the first quarter of its financial year, as contributions from its utilities business, represented by its 55.57% stake in YTL Power International Bhd (KL:YTLPOWR) declined.

YTL Corp’s net profit falls 36% in 1Q as YTL Power’s earnings decline

PLAGUED by an oversupply glut, Lotte Chemical Titan Holding Bhd (LC Titan) (KL:LCTITAN) is facing its toughest challenge since relisting on Bursa Malaysia in July 2017. Analysts are of the view that “noting much can be done for the time being, except to wait for polymer prices to rebound”.
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Lotte Chemical Titan’s tough time to continue as no signs of petrochemical supply-demand dynamics improving, say analysts

The Ministry of Finance (MOF) announced on Tuesday that it has decided to register MyData Informatica Sdn Bhd and One Future Solutions Sdn Bhd as new credit reporting agencies.

MOF announces MyData Informatica and One Future Solutions as credit reporting agencies

Huawei Technologies Co will from next year strip its smartphones and tablets of Google’s open-source Android and move devices to homegrown software, broadcasting its ambitions to pivot away from US technology.

Huawei drops Android from gadgets next year in China tech pivot

Kuala Lumpur Kepong Bhd (KL:KLK) reported a record low net profit for its fourth quarter, dragged by non-cash losses and an inventory write-down related to its investment in UK-listed speciality chemicals company, Synthomer Plc.

The losses and impairment at Synthomer, coupled with lower manufacturing and property development profits, pulled Batu Kawan Bhd (KL:BKAWAN), which owns 47% in KLK, into the red in the same quarter.

Batu Kawan falls into the red as KLK reports record low profit on one-off losses, impairments

Malayan Cement Bhd (KL:MCEMENT), a unit of conglomerate YTL Corp Bhd (KL:YTL), saw its net profit rise 45% to a record high of RM139.44 million for the first quarter ended Sept 30, 2024 (1QFY2025) against RM96.10 million a year earlier, despite marginal revenue growth.

Malayan Cement kicks off FY2025 with record profit in 1Q

Businessman Datuk Eddie Ong Choo Meng, a controlling shareholder in Hextar Global Bhd (KL:HEXTAR), has continued to pare down his stake in the agrochemical and fertiliser trading company.

Eddie Ong continues to trim stake in Hextar Global  

Tan Chong Motor Holdings Bhd (KL:TCHONG) suffered its largest loss in a decade in the July-September quarter due to higher foreign exchange (forex) loss, softer consumer sentiment and a competitive business landscape that hurt its vehicle sales.

Tan Chong posts biggest loss in a decade on lower vehicle sales, higher forex loss

Sunway Bhd (KL:SUNWAY) posted a net profit of RM376.08 million for the third quarter ended Sept 30, 2024 (3QFY2024), more than doubled than a year ago when it registered RM180.3 million, on stronger operating performance across its core businesses.

Sunway's profit doubles in 3Q, achieves RM4b order book replenishment

MBSB Bhd (KL:MBSB), the holding company of MBSB Bank Bhd and Malaysian Industrial Development Finance Bhd (MIDF), posted a threefold jump in net profit for the third quarter due to the consolidation of MIDF into the group, following the completion of the merger in October 2023.

MBSB 3Q profit triples on MIDF consolidation 

President-elect Donald Trump on Monday pledged&nbsp;tariffs&nbsp;on the US' three largest trading partners — Canada, Mexico and China — detailing how he will implement campaign promises that could trigger trade wars.

Trump's tariff pledge spells trouble for auto and tech companies

Winstar Capital Bhd, set to debut on Bursa Malaysia’s ACE Market in December, plans to ramp up production of solar photovoltaic (PV) mounting structures, supported by its ongoing involvement in solar panel installation services.

Winstar Capital targets growth in solar PV and aluminium fabrication on ACE Market debut

Boustead Holdings Bhd has ceased to be a shareholder of Affin Bank Bhd (KL:AFFIN) after selling all the 482.11 million shares it held in the banking group, equivalent to a 20.08% stake.

Digital Minister Gobind Singh Deo said on Tuesday that Telekom Malaysia Bhd’s (KL:TM) existing 5G access offerings to customers will not be affected despite the failure to secure a stake in Digital Nasional Bhd (DNB).

Gobind: TM's 5G access unaffected by termination of share sale deal with DNB

IOI Corp Bhd (KL:IOICORP) posted a 133.8% year-on-year jump in its first quarter net profit, primarily driven by foreign exchange (forex) translation gains from its US dollar-denominated borrowings following the strengthening of the ringgit against the greenback, and fair value adjustments on its biological assets and derivative financial instruments.

IOI Corp's 1Q profit soars 133.8% on forex gain, fair value adjustments

Malaysia Airports Holdings Bhd’s (MAHB) (KL:AIRPORT) net profit more than doubled in its third quarter from a year earlier fuelled by higher passenger volumes.

Net profit for the three months ended Sept 30, 2024 (3QFY2024) grew to RM210.37 million or 11.74 sen per share, compared with RM94.76 million or 4.82 sen per share in the same period last year, MAHB’s bourse filing showed. &nbsp;

MAHB's 3Q net profit more than doubles on higher passenger volumes

Guan Chong Bhd’s (KL:GCB) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) rose 68.7% to RM57.17 million from RM33.88 million a year earlier, bolstered by the higher price for cocoa products and increased sales volume for cocoa solids.

Guan Chong 3Q profit soars on higher cocoa prices and strong sales

Telekom Malaysia Bhd’s (KL:TM) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) fell 13.6% year-on-year (y-o-y) to RM465.04 million from RM538.19 million, following last year's recognition of tax credit from prior years’ losses.

TM's 3Q net profit drops 14% on higher tax expenses

Qualcomm Inc’s interest in pursuing an acquisition of Intel Corp has cooled, according to people familiar with the matter, upending what would have likely been one of the largest technology deals of all time.

Qualcomm’s takeover interest in Intel is said to cool, Bloomberg reports

Property developer Matrix Concepts Holdings Bhd (KL:MATRIX) has proposed a bonus issue of 625.67 million shares on the basis of one new share for every two shares held.

The Edge ESG Award 2022

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The Edge ESG Award 2022

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