Business

GEORGE TOWN,, The Small and Medium Enterprises Association of Malaysia (SAMENTA) will intensify its efforts to assist small and medium enterprises (SMEs) in the country, in improving their compliance with environmental, social, and governance (ESG) standards. Its president Datuk William Ng said many SMEs still struggle with meeting these essential standards, which are crucial for maintaining competitiveness in the industry. ‘There are numerous issues requiring SAMENTA’s attention, but ESG compliance is a particularly pressing one. We aim to support SMEs in addressing this challenge, by enhancing their understanding and knowledge of ESG requirements,’ he said. In addition to ESG compliance,

KUALA LUMPUR,, Cavli Wireless, one of the first truly Internet of Things (IoT)-ready cellular module manufacturers, has unveiled the new C11QM LTE Cat 1 IoT module. According to a statement, this latest addition to the flagship C-Series line leverages advanced LTE Cat 1 technology and the inbuilt global navigation satellite system (GNSS) tracking to deliver seamless global connectivity and tracking solutions. ‘We have designed this module to address the evolving needs of the IoT industry, combining advanced LTE capabilities and in-built GNSS in a compact form factor. ‘With the C11QM, we are not just launching a product; we are empowering

KUALA LUMPUR,, Lotte Chemical Titan Holding Bhd’s (LCT) net loss of RM248.88 million narrowed in the second quarter ended June 30, 2024 (2Q FY2024) against a net loss of RM313.47 million in the same quarter last year. In a filing with Bursa Malaysia, it attributed the narrowing of its net loss to lower sales volume, lower gross negative margin, and a lower write-down of inventories to its net realisable value. Revenue for the 2Q FY2024 declined to RM1.78 billion compared with RM1.86 billion a year ago. On a cumulative six-month basis, the group’s net loss fell 19 per cent to

KUALA LUMPUR,, The Securities Commission of The Bahamas (Securities Commission) announced the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024) has been passed into law by the Parliament of The Bahamas, in a pacesetting move that solidifies the country’s position as a leader in digital asset regulation. Building upon the foundation laid by the DARE Act, 2020, the legislation introduces comprehensive reforms designed to address the evolving landscape of digital assets and cryptocurrency markets, according to a statement. ‘DARE 2024 represents a new standard in digital asset regulation and is a testament to our commitment to robust risk management.

KUALA LUMPUR, The National Chamber of Commerce and Industry of Malaysia (NCCIM) has appointed Datuk Seri N. Gobalakrishnan as president for the 2024 – 2026 term. Gobalakrishnan, who succeeds Tan Sri Soh Thian Lai, said his leadership will focus on further enhancing NCCIM’s stature within government circles, and local and international business communities, as well as supporting the MADANI Government’s policies and fostering sustainable economic growth. The association said it is excited about the fresh perspectives Gobalakrishnan will bring. “His extensive experience and proactive leadership are expected to lead NCCIM to new heights of success and cooperation,” it said in