BusinessToday's Trending Stories
MACC Recovers RM23 Million 1MDB Fund, Including From 5 Individuals
MACC has updated on the fund recovery of 1MDB within the country and abroad, with another RM23,911,460.90 being recovered, this was possible from the money and assets successfully obtained through the forfeiture process including in court and voluntary surrender involving five individuals.
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Malaysia’s KPTDGA Rebranded As Ministry Of Energy Transition and Water Transformation, PETRA
Malaysia’s Ministry of Energy Transition and Public Utilities (KPTDGA) is now officially adopting the name Ministry of Energy Transition and Water Transformation, abbreviated as PETRA.
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Michael Wong Returns With “Lonely Planet 2.0” World Tour In Bukit Jalil After A 5-Year Hiatus
Michael Wong (光良), the renowned Malaysian singer-songwriter, is making a highly-anticipated comeback with the “Lonely Planet 2.0” world tour after a 5-year hiatus. The concert is scheduled to take place on May 4th at 8pm in the iconic Axiata Arena Bukit Jalil, marking Michael’s return to the Malaysian stage after a five-year hiatus. This long-awaited homecoming promises to be an unforgettable event for fans who have eagerly awaited his return.
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MOH Issues Caution On Energy Stick Use
In response to growing concerns over the online sale of unregistered health products, the Ministry of Health Malaysia (KKM) has launched investigations into the distribution of nasal aspirators, popularly known as ‘Energy Sticks,’ suspected to be unregistered.
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Solarvest Borneo Unveils Green Energy Testbed In Collaboration With CENTEXS And Huawei Malaysia
Solarvest Borneo Sdn Bhd, a subsidiary of Solarvest Holdings Berhad, has partnered with the Centre for Technology Excellence Sarawak (CENTEXS) and Huawei Technologies (Malaysia) Sdn Bhd to unveil a state-of-the-art green energy testbed. This initiative, located at CENTEXS’ Headquarters in Santubong, Kuching, Sarawak, aims to drive innovation in sustainable energy technologies and nurture local talent within the region.
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Indulge In Coastal Heritage Dinner Buffet At Renaissance Kuala Lumpur’s Evolution Restaurant
With the return of Evolution, Kuala Lumpur’s restaurant scene is set for a culinary renaissance. Set against the backdrop of Renaissance Kuala Lumpur Hotel & Convention Centre, Evolution invited diners on a gastronomic adventure with its Coastal Heritage buffet spread, promising a dining experience like no other.
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Menteri Besar Selangor Inc Appoints New CEO
Menteri Besar Selangor (Incorporated) chief operating officer Saipolyazan M Yusop has been appointed as the company’s new chief executive officer (CEO) effective immediately.
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Global ESG Sukuk Outlook 2024
Outstanding ESG sukuk expanded by 56.8% yoy to reach USD36.1 billion globally at end-2023 (all currencies). Fitch Ratings says about 66.2%(USD23.9 billion) of all outstanding ESG sukuk was in hard currency, mostly US dollars. In 2023, ESG sukuk issuance totalled USD10.5 billion (down 4.6% yoy), with issuance from the UAE most common at 41%, followed by Malaysia (28%), Saudi Arabia (21%), and Indonesia (10%). ESG sukuk made up 4.3% of global outstanding sukuk at end-2023.
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ESG Sukuk Market Hits USD 36.1 Billion In 2023, Fitch Predicts Continued Growth
Outstanding ESG sukuk grew significantly in 2023, reaching USD36.1 billion globally at year-end (all currencies). Fitch Ratings expects the ESG sukuk market to cross 7.5% of global outstanding sukuk in the coming years (end-2023: 4.3%), with growth likely to be supported by issuers’ funding diversification plans, to satisfy international ESG investors’ mandates, and by government sustainability initiatives.
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Introducing the 2024 tech trends to watch
By Kawal Preet, President Asia Pacific, Middle East and Africa, FedEx Express
Technology is moving faster than most people can keep up. Just recently, the rapid onset of AI and GenAI have enacted truly seismic change, with the potential to transform how we live and work for good. For business owners and entrepreneurs, the ubiquity of emergent tech means there’s a constant need for fast decision-making on the right course of action.
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