The recently concluded 28th United Nations (UN) Conference of Parties (COP28) ended with a landmark deal that encourages countries to move away from fossil fuels. It was lauded for making such an explicit claim on fossil fuels for the first time, but also criticised for not going far enough.
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COP28: The move away from fossil fuels must be just

In 2023, there was scarcely a conversation that did not touch on generative artificial intelligence (AI) platforms such as ChatGPT. But amid the hype were dire warnings from experts about the risks of unrestrained AI development.

Could 2024 be the year in which the use and development o...

In Conversation: How would ChatGPT regulate itself?

Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Bursa Malaysia Bhd, signed a Memorandum of Understanding (MOU) with Gold Standard, a global impact standard setter, certifier and issuer of carbon credits, at the 28th United Nations Conference of Parties (COP28) on Monday (Dec 4).

Bursa Carbon Exchange to include Gold Standard carbon credits next year

Public-listed companies (PLCs) in Malaysia will soon have to use the Bursa Malaysia ESG Reporting Platform to comply with mandatory sustainability disclosures set by Bursa Malaysia Securities Bhd.

Bursa Malaysia introduces mandatory ESG reporting platform for PLCs

KUALA LUMPUR (Dec 4): Bank Negara Malaysia (BNM) and the World Bank Group (WBG) announced a collaboration to develop a financial risk assessment guide for Malaysian financial institutions and businesses to assess nature-related risks and impacts, and private capital mobilisation for nature-based solutions on Sunday (Dec 3).

BNM, World Bank announce financial risk assessment guide for Malaysian firms to assess nature-related risks and impacts

Linda Yip’s association with HSBC spans more than 25 years, dating back to when she served as the first manager of its Damansara Heights branch in Kuala Lumpur, which continues to be one of the best-performing branches to this day.

Characterised by an adventurous spirit, Yip volunteered...

TheWall: HSBC wants to grow its wealth and personal banking business fast

Malaysia sent its highest-profile and biggest contingent to the United Nations 28th Conference of Parties (COP28) on Thursday in at least the last two years. It is the first COP delegation led by Natural Resources, Environment and Climate Change (NRECC) Minister Nik Nazmi Nik Ahmad.

Malaysia goes big for COP28

KUALA LUMPUR (Nov 27): Sime Darby Property Bhd announced its goal to reduce Scope 1 and Scope 2 emissions by 40% by 2030 and achieve net zero emissions by 2050 on Monday.

Sime Darby Property aims to achieve net zero emissions by 2050

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

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

Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Thursday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

Mohan Swami, partner agree to buy 58% of Turiya for RM52.86m from MAA Group

Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.

Asia’s richest banker loses US$1.2 bil after RBI ban

The Malaysian Association of Asset Managers (MAAM) announced the election of its new committee members and principal officers for the 2024 to 2026 term.

Malaysian Association of Asset Managers announces leadership for 2024-2026 

At my Chinese New Year gatherings this year, some friends divulged that their calendar was filled with “appointments” to conceive “dragon babies” before the “deadline”.

It’s fascinating how many in modern society still adopt feng shui as a guide in important decisions in life, despite t...

My Say: Feng shui, confirmation bias and polarisation

Majuperak Holdings Bhd (MHB) will collaborate with Shizen International Inc to explore the development of a solar photovoltaic (PV) project to expand Perak’s clean energy technology usage.

Majuperak, Shizen International to explore solar PV development in Perak

The Inland Revenue Board (IRB) has extended the deadline for non-business taxpayers to submit their tax return form for the year of assessment 2023 via e-Filing from April 30 to May 15.

e-Filing: Tax return form submission deadline extended to May 15 for non-business taxpayers

Berjaya Corp Bhd (BCorp) has denied that its founder Tan Sri Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently.

Berjaya Corp denies participation in talks to revive Forest City casino resort

Govt to announce second 5G network next week, coverage now at 80.3%, says Fahmi

The government’s move to introduce a pilot phase of the progressive wage policy is the right approach towards achieving the intended target to boost labour productivity growth in Malaysia, according to a World Bank economist.

World Bank economist: Boosting labour productivity by reduction in skills-related underemployment to increase wages

Hong Kong home prices rose for the first time in almost a year in March as the city’s removal of property curbs revived sales.

Hong Kong home prices rise for first time in 11 months after curbs scrapped

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds four entities to Investor Alert List, two being potential clones

Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.

Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.

ViTrox shares on pace for worst day in 18 months as 1Q disappoints

Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.

Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

Harvey Weinstein's 2020 conviction for sexual assault and rape was overturned by New York's highest court, reopening the landmark case that fuelled the #MeToo movement and highlighting the challenges of holding powerful men accountable.

Harvey Weinstein's rape conviction overturned by top New York court

Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.

Maxis Bhd could work with another consortium partner to lower the cost of deploying the second 5G network, even after the recapitalisation of Digital Nasional Bhd (DNB), said RHB Research in a note on Friday.

Maxis could lead second 5G network roll-out with new consortium partner, says RHB Research

RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.

YTL Corp eyeing to extend upside movement, says RHB Retail Research 

Analysts are positive that Capital A Bhd's proposed restructuring plan to streamline its aviation segments will help it exit the Practice Note 17 (PN17) status and enhance its competitive stance against established full-service carriers.

Analysts positive on Capital A's restructuring plan to get it out of PN17

RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.

VS Industry poised to continue bullish trajectory, says RHB Retail Research 

The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.

Tesla fires back at investor who doesn’t want pay fight in Texas

European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record US$8.8 billion (RM42.03 billion) in net withdrawals from the products in the US.

Record US$8.8 bil pulled from US sustainable funds in 1Q

Former president Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.

Trump advisers discuss penalties for nations that move away from the dollar

The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.

China’s upstart electric brands, and even its state-owned, legacy automakers, are racing to pack technology and features once considered premium into electric vehicles (EVs) as cheap as US$20,000 (RM95,525) — less than half the cost of an average new car in the US, now more than US$48,000.

Battle for 'tech luxury' in China as EVs get smarter — and cheaper

The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.

World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

The Malaysian Research Accelerator for Technology and Innovation (MRANTI) has signed a memorandum of understanding (MOU) with Beijing Zhongguancun Science City Innovation Development Co Ltd to collaborate on several strategic initiatives aimed at fostering significant advancements in technology and innovation.

MRANTI inks deal with Beijing Zhongguancun Science City to explore strategic collaboration areas

Alphabet announced its first-ever dividend on Thursday and a US$70 billion (RM334.43 billion) stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.

Google parent Alphabet announces first-ever dividend, shares soar

Asian shares rose cautiously on Friday as markets sobered up to the idea that US rate cuts were most likely some time away, while the yen and Japanese government bonds struggled ahead of a closely watched policy decision by the Bank of Japan (BOJ).

Asia stocks, yen tentative with eyes on BOJ decision

Foreign states are using UK universities to “steal advantage” by covertly acquiring British intellectual property, the government warned, saying it would explore proposals to protect cutting-edge research and technology.

UK warns universities about research threat from foreign states

China is preparing a United Nations General Assembly resolution that it says is intended to help close gaps between rich and developing countries in the advance of artificial intelligence (AI), an initiative that follows an extensive and ambitious campaign by the US, its biggest AI competitor.

Tan Zhai Yun

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