Bursa Malaysia CEO expects IPO boost as firms seek capital for energy transition in Asia
As Asia shifts away from fossil fuels, Malaysia's pipeline of initial public offerings (IPOs) is expected to grow as companies look to raise funds for energy transition projects, Bloomberg reported, citing Bursa Malaysia's top official.
Speaking at the Bloomberg Sustainable Business Summit in Singapore, CEO Fad'l Mohamed said some of the companies involved are large firms, and as their projects move forward and start generating sustainable income and cash flow, they will turn to capital markets for IPOs. He also noted that there is enough investor interest to support demand for sustainable assets.
So far this year, 38 companies have launched IPOs in Malaysia. Bursa Malaysia is aiming for 60 new listings in 2025, after reporting 55 last year.
While the stock benchmark index has been one of the world's weakest performers this year due to uncertainty from US tariffs, Mr Fad'l Mohamed said he remains optimistic for Malaysia's markets.
He said he expects more liquidity to enter the system in the fourth quarter, helped by high cash holdings among local fund managers and a recent rate cut by Bank Negara Malaysia.
He also said changes in global supply chains driven by tariffs could open up new opportunities for local companies to form partnerships or collaborations. /TISG
Read also: Johor government official warns businesses could lose licences after alleged 'Singaporeans only' car wash turned away local customer document.addEventListener("DOMContentLoaded", () => { const trigger = document.getElementById("ads-trigger"); if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { entries.forEach(entry => { if (entry.isIntersecting) { lazyLoader(); // You should define lazyLoader() elsewhere or inline here observer.unobserve(entry.target); // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); observer.observe(trigger); } else { // Fallback setTimeout(lazyLoader, 3000); } });
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Independent Singapore
35 minutes ago
- Independent Singapore
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It's never too late to make things right and take some accountability for your poor decisions. There is a long way to go in life, and it's still not too late to own up!! Don't make your wife and your child the victim here.' Another user commented, 'Joshua, karma always finds a way to deal with those who deserve it, regardless of religion.' A third said, 'There's a lot of horror husband stories but this is one of the worst I've ever heard. I am in admiration of the way you are handling all this stress. Definitely go after him for alimony and child support in the divorce. Demand that your 'alimony' be the amount of debt repayment he incurred.' A fourth added, 'You're way too young to be facing something like this. Sorry to hear this, and sorry your pos husband did this to you. Hope you can work your way out slowly and take this as a lesson, you still have a much, much brighter and long future ahead.' 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