Bursa Malaysia Bhd’s Bursa Carbon Exchange (BCX) is set to auction the first carbon credits generated from a Malaysian project on 25 July 2024. 

The Kuamut Rainforest Conservation Project is led by Permian Global, a company that moves private-sector carbon finance into projects that protect and restore threatened tropical forests in Malaysia, Indonesia and Brazil.

Bursa Malaysia set to auction first locally-generated carbon credits

KUALA LUMPUR (July 23): Supporters of forest-based carbon markets will point to the continual improvements made to methodologies as science advances, the increasing use of precision technologies to monitor impacts, and the opportunity they provide for transfering climate finance from the global north to the global south, as among reasons to use high quality credits as one of a package of tools to drive climate, biodiversity and local community gains.

Improving carbon markets can help finance large-scale climate action; rejecting them outright means potential is lost

In collaboration with Margie Ong from Thoughts in Gear, ESG is publishing a four-part, step-by-step infographic series on how sustainability is good business. The series will serve as a guide on how companies can strategically embed sustainability into their business direction and decisions.

Crafting and executing a strategy

If men are from Mars and women from Venus, then our cities are planned for Martians.

Cities are part of the built environment serving as the backdrop for our daily lives — a tapestry woven with infrastructure, buildings, design and human interaction. On this canvas, however, women are c...

Views: From Venus to Earth: Building cities that are inclusive of women

Too often, we are distracted by the glitter of new investments and technologies to notice the environmental and social impacts of these activities until it is too late. This is true even with our adoption of technologies in the name of achieving ESG, such as solar panels and electric vehicles (EV...

Views: Do things right from the start

Ficus Capital, in collaboration with INCEIF University, has released an ESG-i framework, which combines ESG and Islamic principles, for micro, small and medium enterprises (MSMEs) that are looking to expand into a bigger market and seeking investments to grow their businesses.

Abdullah ...

Toolkit: Gauging ESG and shariah compliance

Insurers have a role to play in mitigating and adapting to climate change, both in their underwriting and investing activities. ESG spoke to Stephan van Vliet, group chief investment officer (CIO) of Zurich Insurance Group, when he was in Kuala Lumpur to get his thoughts on this topic. The interv...

Q&A: How a global insurer is adopting sustainability

With the increasing use of electronic devices, e-waste has become a serious issue as new raw materials continue to be extracted to meet the needs of a digital world.

Technology companies that manufacture electronic products have a responsibility to address this situation, and wield a la...

Tech: Modular architecture for more sustainable electronics

Malaysia is aiming to become a data centre hub in the region, with a slew of investments in such facilities being announced in recent months. In fact, approved investments from data centres amounted to RM114.7 billion from 2021 to 2023. More recent announcements have included Microsoft Corp’s inv...

Cover Story: Taking a hard look at data centres

In a quiet and leafy corner of Old Klang Road, a group of young people are taking an unusual path that most people their age would not follow: starting a community-owned enterprise that espouses an environment-conscious and holistic lifestyle.

The enterprise, called Kongsi Co-op (Kopera...

Community: Eco-conscious living with Kongsi Co-op

More than six decades after Malaysia’s first Islamic financial institution — Tabung Haji — was established in 1963, a fresh era of growth for Islamic finance is due. It is also an opportune moment to do so, given the popularity of concepts like ESG and the need to respond to the polycrises of thi...

Finance: Scaling the mountain with ESG and Islamic finance

Much of the discussion on the European Union Deforestation Regulation (EUDR) has been the impact on palm oil, but other commodities such as timber from Malaysia will also be subject to scrutiny.

In fact, existing verification or certification schemes for timber products in Malaysia are ...

Regulations: Is the timber industry ready for the EUDR?

Green hydrogen was previously sidelined as a source of renewable energy compared with solar and wind due to its high production cost. However, as the decarbonisation journey progresses, more alternatives are necessary, especially to tackle emissions from hard-to-abate sectors.

This is a...

Energy: Can Malaysia be a hydrogen hub?

KUALA LUMPUR (June 25): Malaysia has established a phase-out plan for existing coal-fired power plants by reducing it to 50% by 2035 and completely retiring the plants by 2044, said Deputy Prime Minister Datuk Seri Fadillah Yusof at the London Climate Action Week.

Fadillah: Malaysia aims for complete retirement of coal-fired power plants by 2044

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Premier: Sarawak expects to ink S&P on Affin Bank deal in a month

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Treasuries rally as data points to a September rate cut

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce & Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.

Miami condo tower moves on from brokers facing rape allegations

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Deputy PM Fadillah pays courtesy visit to Vietnamese PM, strengthens bilateral cooperation

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Wall Street rebounds on tech recovery, small caps jump after benign inflation data

Malaysia has urged dialogue partners attending the Asean Post-Ministerial Conference in Laos to support a ceasefire in Gaza and end the brutal killings of Palestinians.

Foreign Minister Datuk Seri Mohamad Hasan said Malaysia, along with Indonesia and Brunei, brought forward this motion during the meeting at the National Convention Centre (NCC) here.

Malaysia urges Asean dialogue partners to support ceasefire in Gaza

US authorities filed criminal and civil charges against prominent activist short seller Andrew Left for an alleged long-running market manipulation scheme involving bets on stocks including Nvidia and Tesla, they said on Friday.

US charges Citron's Andrew Left over alleged multi-million fraud scheme

Malaysia, as the country coordinator for Asean-China Dialogue Relations, will intensify efforts to finalise the Code of Conduct in the South China Sea, said Foreign Minister Datuk Seri Mohamad Hasan.

He said Malaysia, which assumed the role of country coordinator this year, aims to establish a code of conduct accepted by all parties.

Malaysia steps up efforts to finalise South China Sea code of conduct

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

AirAsia X, Capital A, Hibiscus, Dagang NeXchange, ViTrox, Ekovest, Knusford, Alam Maritim, Datasonic, Kumpulan Kitacon, DXN, Homeritz, Westport, MGRC 

VIENTIANE (July 26): The Asean Post Ministerial Conference kicked off in the Laos capital here on Friday, as Asean foreign ministers engaged with top diplomats from dialogue partners to discuss various regional and international issues of common interest.

Asean Post Ministerial Conference kicks off in Laos; regional, global issues in focus

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

Ekovest Bhd (KL:EKOVEST) said it has agreed to a further extension of time to discuss a merger between its wholly owned subsidiary Ekovest Construction Sdn Bhd (ECSB) and Knusford Bhd (KL:KNUSFOR).

Ekovest agrees to six-month extension for merger discussion between subsidiary and Knusford

The prestigious five-star Lexis Hibiscus 2 luxury resort is currently under construction by the KL Metro Group and is expected to be completed by 2029, said Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun.

Construction of RM1.6 bil GDV Lexis Hibiscus 2 resort will be completed in 2029

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Upholstery furniture products manufacturer Homeritz Corp Bhd’s (KL:HOMERIZ) net profit surged 46.37% in the third quarter from a year earlier, thanks to higher sales volume and stronger US dollar. &nbsp;

Net profit for three months ended May 31, 2024 (3QFY2024) climbed to RM9.09 million or earnings per share of 1.96 sen, from RM6.21 million or 1.34 sen per share recorded in 3QFY2023. &nbsp;

Homeritz’s 3Q net profit soars 46.37% on higher sales and strong greenback

Cyberview Sdn Bhd has signed three Memoranda of Understanding (MOUs) with three companies to make Cyberjaya a global technology hub.

Chief executive officer Kamarul Ariffin Abdul Samad said the companies involved were Permodalan Negeri Selangor Bhd (PNSB), Selangor Information Technology &amp; Digital Economy Corporation (SIDEC) and digital infrastructure company Equinix Malaysia.

Cyberview signs three MOUs to make Cyberjaya a global technology hub

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce &amp; Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.&nbsp;

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM54.5 million contract to undertake the construction of 186 terrace houses in Rawang, Selangor.

Kumpulan Kitacon bags RM54.5m job to build houses in Rawang

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Penang Port Sdn Bhd (Penang Port) on Friday announced the acquisition of five Kalmar container handling machines to optimise operations and improve service levels.

Penang Port acquires Kalmar container handling equipment to enhance services

A new recruitment of 3,950 staff, comprising 3,200 medical officers, 350 dental officers and 400 pharmacy officers, will be made through contract (interim) appointments, the Ministry of Health (MOH) said.

More than 3,900 contract officers to be appointed in latest recruitment — MOH

Malaysia, as the country coordinator for Asean-China Dialogue Relations, will intensify efforts to finalise the Code of Conduct in the South China Sea, said Foreign Minister Datuk Seri Mohamad Hasan.

He said Malaysia, which assumed the role of country coordinator this year, aims to establish a code of conduct accepted by all parties.

Hungary will face fuel shortages from September if full Russian oil flows are not restored, a government official said on Friday, accusing Ukraine of blackmailing it by partially suspending supplies.

Eastern European Union (EU) members Slovakia and Hungary have been hit by a stop in flows from Russian group Lukoil coming via Ukraine after sanctions were imposed on the company.

Hungary says it will face fuel shortages from September without Lukoil supplies

The government will now determine the locations for distributing subsidised cooking oil packets to retail outlets to prevent further leakage of controlled goods, says Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali.

KPDN to set subsidised cooking oil distribution locations to curb leakage — Armizan

Digital Penang has announced the Market Access Thailand programme, which aims to propel Penang’s startups into Thailand’s market and create opportunities for exponential growth and innovation.

Digital Penang announces cross-border startup collaboration with Thailand

Apollo Global Management Inc has agreed to buy International Game Technology plc’s (IGT) gaming division and the gambling machines company Everi Holdings Inc in a US$6.3 billion (RM29.38 billion), all-cash deal that will see the two businesses merged.

Apollo funds to buy IGT’s gaming, Everi in US$6.3 bil deal

Malaysia has urged dialogue partners attending the Asean Post-Ministerial Conference in Laos to support a ceasefire in Gaza and end the brutal killings of Palestinians.

Foreign Minister Datuk Seri Mohamad Hasan said Malaysia, along with Indonesia and Brunei, brought forward this motion during the meeting at the National Convention Centre (NCC) here.

（吉隆坡26日讯）德信控股（DXN Holdings Bhd）（KL:DXN）首季净利按年增长10.26%，得益于整体营运业务营业额上涨。&nbsp;

ESG

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