Category: Business

KUALA LUMPUR, The Employees Provident Fund (EPF) has published the EPF Sustainable Investment Stewardship Policy, becoming the first institutional investor in Malaysia to publish a standalone stewardship policy for sustainable investment. The policy outlines the processes and guidelines that the fund follows to promote good sustainability practices among its investee companies and external fund managers. The EPF said the stewardship undertaking has strengthened its commitment to help build a better retirement future for Malaysians by delivering long-term sustainable value. ‘This aligns with the United Nations-supported Principles for Responsible Investment, which define stewardship as institutional investors using their influence to maximise

KUALA LUMPUR, Xsolla, a global video game commerce company, has launched Xsolla Backend, an innovative solution designed to help developers of all sizes, especially indie and midsize teams, work across various gaming platforms. According to a statement, Xsolla Backend makes their games more accessible by allowing developers to unite their audience across all platforms such as personal computer, console, mobile, and the web. This addresses audience fragmentation common to most games and enables developers to save costs while creating deeper engagement as they grow their gaming business. ‘Our business model and robust platform design align our success with that of

KUALA LUMPUR, Andan Foundation in collaboration with MIT Solve of the Massachusetts Institute of Technology (MIT), has announced this year’s Andan Prize for Innovation in Refugee Inclusion. According to a statement, the award seeks to promote solutions that advance the economic, financial, and political inclusion of refugees within their hosting communities. The US$50,000 Andan Prize for Innovation in Refugee Inclusion is awarded every year to the most promising solutions that address the needs and challenges of refugees. (US$1=RM4.67) It is also aimed at supporting innovative approaches that foster integration, empowerment, and sustainable development for displaced populations. MIT Solve launches open

PUTRAJAYA, Malaysia seeks to cooperate with China in establishing a shared consensus during engagements with the European Union, particularly regarding the European Union Deforestation Regulation (EUDR), said Deputy Plantation and Commodities Minister Datuk Chan Foong Hin. Chan affirmed Malaysia’s commitment to supplying China with Malaysian Sustainable Palm Oil (MSPO) certified products, aiming to address the EUDR’s implementation and impact. ‘Malaysia looks forward to cooperating with China’s Ministry of Ecology and Environment (MEE) to promote sustainable development, environmental protection, and address climate change through the MSPO Certification Scheme in the Chinese market,’ Chan said in a statement today. He said these

KUALA LUMPUR, Malaysia’s property sector has demonstrated commendable mid-year performance, signalling a promising trajectory for the industry fuelling by strategic developments and growing investor interest, according to Knight Frank Malaysia. Its group managing director Keith Ooi cited the robust economic growth, significant investments and adaptive market trends as key catalysts supporting this growth. ‘Malaysia continues to show promising growth prospects, bolstered by strategic investments, infrastructure improvements and evolving market dynamics,’ he said. The global property consultant released its analysis, titled Real Estate Highlights First Half of 2024 (REH 1H 2024) today, revealing a dynamic and resilient market across residential, office,