In a bid to increase the adoption of environmental, social and governance (ESG) practices among public-listed companies (PLCs), Bursa Malaysia Bhd announced last year that going forward, all PLCs will be automatically given an ESG score by FTSE Russell.

Editor’s note

Companies can no longer get away with a superficial embrace of environment, social and governance (ESG) without understanding or embodying what it means, given that scrutiny on greenwashing is on the rise, said Minister of Natural Res­ources, Environment and Climate Change Nik Nazmi Nik Ahmad at ...

Leaders in sustainability honoured at The Edge Malaysia ESG Awards 2023

George Kent (Malaysia) Bhd has won gold at The Edge Malaysia ESG Awards 2023 in the construction sector category, thanks to the integration of ESG principles into its corporate strategy. The focus, says its executive director Bernie C K Ooi, is on environmental stewardship, social responsibility and sound governance.

George Kent persists with sustainability efforts despite challenges

Fraser & Neave Holdings Bhd (F&N) won the gold award at The Edge Malaysia ESG Awards 2023 in the consumer products and services sector.

F&N takes a comprehensive approach to sustainability

Navigating the decarbonisation journey as an oil and gas company is tough due to the nature of the business, which is carbon-intensive. Energy services company Deleum Bhd, however, has invested efforts in this area. It bagged the gold award under the energy category at The Edge Malaysia ESG Awards 2023.

Deleum commits to sustainability

For the second year running, Hong Leong Bank Bhd won gold in the financial services sector at The Edge Malaysia ESG Awards 2023. Its group managing director and CEO Kevin Lam says this is a testament to its unwavering commitment to upholding ESG principles.

Hong Leong Bank’s commitment reflected in consecutive wins

Duopharma Biotech Bhd has emerged as the gold winner in the healthcare sector at The Edge Malaysia ESG Awards 2023, thanks in part to the meaningful commitment the company has made to adopt ESG practices.

Duopharma wants ESG to drive business innovation

Datuk Lee Yeow Chor, group managing director and CEO of IOI Corp Bhd, attributes the company’s gold award in The Edge Malaysia ESG Awards 2023’s plantation category to the team’s dedication and early start on the ESG journey.

IOI Corp moving towards decarbonising its operations

Press Metal Aluminium Holdings Bhd won gold at The Edge Malaysia ESG Awards 2023 in the industrial products and services category and in the green transition sector. This is thanks to the company’s efforts in integrating ESG principles into every aspect of its operations and ingraining these into the company’s DNA and strategy, says its head of group sustainability Ivan Gan.

Press Metal emphasises sustainability governance

Genting Plantations Bhd (GENP) won gold at The Edge Malaysia ESG Awards 2023 under the plantations category, thanks to its sustainability journey that it started nearly three decades ago, says Tan Wee Kok, president and chief operating officer of GENP.

Genting Plantations’ three-decade sustainability journey continues

IOI Properties Group (IOIPG) has embraced ESG as a core component of its business strategy, a move that helped it clinch the gold prize in the property sector at The Edge Malaysia ESG Awards 2023.

Charting a sustainable future: IOI Properties’ ESG journey

Hektar Real Estate Investment Trust emerged as the gold winner in  both the REIT sector and outstanding ESG and dividend return categories of The Edge Malaysia ESG Awards 2023, thanks to its efforts to reduce its carbon footprint through energy initiatives, which allowed the company to reap both environmental and cost benefits.

ESG ensures sustainable growth of businesses, communities, says Hektar REIT

Malaysian Pacific Industries Bhd (MPI) won gold in the technology sector at The Edge Malaysia ESG Awards 2023. This marks the second year in a row it took home the trophy.

MPI repeats win but is not complacent

CelcomDigi Bhd took home the gold award in the telecommunications and media sector at The Edge Malaysia ESG Awards 2023. Joachim Rajaram, its chief corporate affairs officer, attributes the success to the coming together of two established sustainability-minded entities.

CelcomDigi merges two sustainability strategies

Gamuda Bhd (KL:GAMUDA) said its joint venture has secured a contract worth RM3.7 billion to build the Keelung mass rapid transit system (MRT) and trackwork project in Taiwan.

Gamuda JV gets RM3.7b contract to build Taiwan urban rail system

Singapore’s central bank unexpectedly left monetary policy unchanged as it expects both the global energy crunch and the artificial-intelligence (AI) boom to ease up in 2027.

Singapore’s central bank stands pat as easing AI momentum tames inflation

KUALA PILAH (Oct 14): The Yang di-Pertuan Besar of Negeri Sembilan, Tuanku Muhriz Tuanku Munawir, on Wednesday accepted the declaration of the installation of Datuk Azrin Khairi as the 17th Undang of Jelebu in a ceremony at Istana Besar Seri Menanti.

Tunku Ampuan Besar of Negeri Sembila...

Azrin Khairi installed as 17th Undang of Jelebu

Hongkong Land Holdings Ltd is in discussions with Ong Beng Seng’s Hotel Properties Ltd to buy a majority stake in three buildings in Singapore’s Orchard Road shopping belt, according to people familiar with the matter.

Hongkong Land to seek stake in tycoon Ong Beng Seng’s Singapore assets — Bloomberg

Hibiscus Petroleum Berhad (KL:HIBISCS) is partnering with property developer Seri Pajam Development Sdn Bhd (SPD) to evaluate and develop power plants and energy solutions for data centres and industrial developments across Malaysia.

Hibiscus Petroleum, developer Seri Pajam to develop energy solutions for data centres

Bus Cap Bhd’s (KL:BUSCAP) share price jumped 22.61% on Wednesday, triggering an unusual market activity (UMA) query from Bursa Malaysia Securities.

Bus Cap jumps almost 23%, triggering UMA query

Germany will press the European Union to quickly place quotas on additional sectors of goods being imported from China, replicating a cap the bloc is planning to impose on hybrid vehicles.

Germany to push EU to impose caps on more Chinese imports

More than a dozen US companies are exploring opportunities in Malaysia’s rare earths industry, as Washington seeks to diversify supplies of critical minerals and reduce its reliance on China.

US firms eye Malaysia rare earths in push to cut China reliance

Former prime minister Datuk Seri Najib Razak intends to challenge the High Court’s decision on Wednesday, which had rejected his application to stay the 15-year prison sentence for his 1Malaysia Development Bhd (1MDB) conviction. The application to challenge this decision will be filed at the Court of Appeal, his lawyer said.

Najib to challenge rejection of stay bid at Court of Appeal

BlackRock posted a jump in third-quarter profit on Wednesday, as the world's largest asset manager raked in higher fees from managing client funds.

BlackRock profit jumps as resilient markets boost fees

IHH Healthcare Bhd (KL:IHH)&nbsp;is considering joining the race to buy Malaysian hospital assets being sold by TPG Inc, people with knowledge of the matter said.&nbsp;

IHH said to join race for TPG’s Malaysian hospitals

Marriage between a foreign national of the Islamic faith and a Malaysian citizen of Malay descent does not change the foreign national's ethnicity to Malay, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Only children of foreign Muslims married to Malay Muslims can be registered as Malays — home minister

The government has effectively firmed up the national grid system access charge (SAC) for third parties at 18 sen per kilowatt-hour (kWh), sources told The Edge, in an about-turn less than a month after announcing a cut in the rate to 14 sen/kWh.

CRESS grid access charge now 18 sen/kWh after second revision in one month — sources 

Malaysia’s renewable energy stocks took a hit on Wednesday as investors were rattled by news of higher cost of green electricity from a mandatory levy.

Renewable energy stocks lead declines after grid access charge hike

The High Court here on Wednesday refused to grant former prime minister Datuk Seri Najib Razak a stay of his jail sentence in the 1Malaysia Development Bhd (1MDB) case.

Najib fails to pause 15-year jail term, fine in 1MDB case

The Court of Appeal ruled unanimously on Wednesday to allow an appeal by the police and the government, overturning the High Court's RM1.1 million award to the mother of Dutch model Ivana Smit.

Appellate court allows police, govt appeal, overturns RM1.1 mil award to mother of Dutch model

EcoSys (Malaysia) Bhd (KL:ECOSYS) more than doubled in its first day of listing on the ACE Market amid strong demand for a piece of the semiconductor services firm.

EcoSys opens up 159% on ACE Market debut

Malaysia aims to table a law that will criminalise rent seeking and the government is studying potential punishment, Economy Minister Akmal Nasrullah Mohd Nasir said.

Malaysia to table legislation combating rent seeking in 2027

Hongkong Land Holdings Ltd is in discussions with Ong Beng Seng’s Hotel Properties Ltd to buy a majority stake in three buildings in Singapore’s Orchard Road shopping belt, according to people familiar with the matter.

United Malacca Bhd (KL:UMCCA) said on Wednesday that&nbsp; its executive director Datuk Seri Tee Lip Sin has died at the age of 55.

United Malacca executive director Tee Lip Sin passes away at 55

In scenes reminiscent of the post-apocalyptic film Mad Max, thick orange-brown haze has&nbsp;returned to Indonesia's Central Kalimantan, darkening the skies and severely reducing visibility amid the forest and land fires gripping the province.

Mad Max-like skies return as forest fires, haze grip Indonesia's Kalimantan

Operator of pharmacy chains Big Caring Group Bhd (BCG) has signed a retail underwriting agreement with Maybank Investment Bank Bhd, RHB Investment Bank Bhd and AmInvestment Bank Bhd ahead of its proposed listing on the Main Market of Bursa Malaysia.&nbsp;

Big Caring Group signs retail underwriting agreement with three banks for Main Market IPO; 1.9 bil shares to be issued

Newly listed EcoSys (Malaysia) Bhd (KL:ECOSYS) plans to nearly double its cleanroom capacity by the end of this year to meet growing demand from existing and new customers.

EcoSys to nearly double cleanroom capacity by year end amid growing demand

The Madani Submarine Cable&nbsp;(Salam) project, which aims to strengthen communications connectivity between Peninsular Malaysia, Sabah and Sarawak, is expected to begin in the first quarter of 2027 (1Q2027) and be completed by 4Q2029.

Madani Submarine Cable project expected to begin in 1Q2027

Battersea Power Station Development Company Ltd has secured a £280 million (RM1.52 billion) refinancing loan from various banks for its Battersea Power Station development project.

Battersea Power Station secures £280 mil refinancing loan

Legislation to curb ‘Alibaba’ licensing practices, Malaysia’s diplomatic efforts on Gaza and the fate of an abandoned housing project are among the key issues expected to be raised in the Dewan Rakyat on Wednesday.

'Alibaba' licences, Gaza and troubled housing project among Parliament's focus on Wednesday

Asian data centre operator Princeton Digital Group Ltd is seeking a syndicated loan of up to US$1.2 billion (RM4.9 billion) to fund its Malaysia buildout, according to a person familiar with the matter, as the debt binge to finance artificial intelligence (AI) infrastructure continues.

Singapore’s Princeton Digital Group seeks US$1.2 bil loan for Malaysia data centre — Bloomberg

A total of 1,726 housing developments have been revived by a task force for sick and abandoned projects at the end of August, the Ministry of Housing and Local Government reported.

Housing Ministry reports over 1,700 projects worth RM158 bil revived as of August

A total of 27 areas nationwide recorded unhealthy air pollutant index (API) readings as of 9am on Wednesday, with Pasir Gudang, Johor, registering the highest at 177.

Haze: Pasir Gudang worst hit as 27 areas nationwide record unhealthy readings

Federal Reserve (Fed) governor Lisa Cook says she will be unable to attend a Nov&nbsp;5 hearing at the White House that’s part of a new investigation into mortgage fraud allegations by US President Donald Trump.

The Edge ESG Awards 2023

‌
‌

The Edge ESG Awards 2023

‌‌

‌
‌