Malaysian Assets to Gain as Funds Slash US Exposure, CIMB Says
'We could potentially see a lot of capital freed up and move to emerging markets,' Novan Amirudin, chief executive officer of CIMB, Malaysia's third-largest bank by market value, told Bloomberg Television's Avril Hong. 'Malaysia has all the parameters that tick the boxes for investors as they look at asset allocation and investments,' he said.
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11 minutes ago
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GreenCo Launches Free ESG App to Help Companies Take Action on Sustainability and Climate Disclosure
KUALA LUMPUR, Malaysia and SINGAPORE, Aug. 22, 2025 /PRNewswire/ -- GreenCo, a boutique ESG consulting firm in Hong Kong, announced the launch of its new ESG Action Toolkit+ AI App, now available for free on iOS and Android. The app combines AI-driven technology, practical checklists, and educational content to help companies navigate the increasingly complex landscape of ESG reporting, climate disclosure, and corporate sustainability requirements. As global sustainability standards evolve rapidly, including IFRS S2 climate disclosure requirements, rising investor expectations, and regional ESG regulations in Asia, companies face growing pressure to assess their ESG readiness and take concrete action. The GreenCo ESG Action Toolkit+ AI App is designed as a one-stop digital toolkit for ESG action, enabling organisations to identify gaps, measure impacts, and plan ahead. Key features of GreenCo's new app: AI-Powered ESG Agent – Instant guidance on ESG reporting standards, compliance, and best practices Toolkit Functions – A practical carbon footprint calculator for offices and SMEs to estimate greenhouse gas (GHG) emissions Sustainability Checklists - Gap identification tools that help businesses prepare for IFRS S2-aligned climate disclosures and other ESG frameworks Knowledge Sharing Hub – A series of short, digestible educational videos designed to demystify ESG essentials and highlight emerging sustainability trends More features that promote sustainability management actions and share ESG knowledge will be added in future "Many companies know that ESG is important, but often struggle to take the first step," said Mr. Max Tsang, Director of GreenCo. "With our AI-combined app, organisations can start immediately by using accessible checklists, calculators, and learning tools. This helps them understand where they stand today and what actions are needed to meet tomorrow's ESG requirements and investor expectations." "Sustainability regulations and reporting frameworks are evolving faster than ever, particularly across Asia. By offering a free, practical ESG toolkit, we enable companies to assess their readiness early, manage future compliance risks, and communicate meaningful progress to stakeholders," explained Dr. Charlie Yang, the Director and Head of GreenCo Singapore. The launch of the GreenCo ESG Action Toolkit+ AI App comes at a pivotal moment as companies of all sizes are being asked to disclose more on climate-related risks, greenhouse gas emissions, governance practices, and overall ESG performance. By using the app, businesses can conduct a self-assessment of their ESG practices, identify priority actions, and take early steps to align with global and regional standards. Availability The GreenCo ESG Action Toolkit+ AI is available for free download on the Apple App Store ( and Google Play Store ( with no registration or subscription required. Support this App GreenCo has no plan to design paid feature or add ads into the app. If you want to support this App, kindly leave an encouraging review on app store. Financially, the best way is to recommend GreenCo to companies looking for sustainability consulting services. About GreenCo GreenCo ESG Advisory Limited, established in 2016, is a boutique ESG consulting firm based in Hong Kong, specialising in sustainability and climate-related disclosure and advisory. Combining deep expertise in ESG reporting with innovative tools — including AI-powered ESG assistants and practical digital toolkits — GreenCo empowers companies to measure impact, identify gaps, and enhance transparency across their ESG journey. Trusted by over 70 listed companies, fund managers, and businesses across Asia and globally, GreenCo follows leading ESG frameworks such as GRI Standards, IFRS S1 and S2, UN SDGs, UN PRI, as well as SGX and HKEX Reporting requirements, providing actionable insights to meet evolving sustainability and climate disclosure requirements. For more information, visit: | Media ContactRitika Gupta+65 84949455 Stephanie Chan+852 28733612esg@ View original content to download multimedia: SOURCE GreenCo ESG Advisory Limited Sign in to access your portfolio
Bloomberg
13 minutes ago
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RBNZ's Top Economist Cautions on Overstimulus Following Rate Cut
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41 minutes ago
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60% of Singaporeans live pay cheque to pay cheque, report finds; Migrant worker satisfaction hits record high, MOM survey reveals.: Singapore live news
Singapore's savings culture is under pressure as 60 per cent of workers lived pay cheque to pay cheque in 2024, according to a study 2025 ADP Research as reported by CNBC . This figure surpasses regional peers like China and South Korea, highlighting a growing financial strain. Experts point to rising costs, stagnant wages and lifestyle inflation as key drivers. Younger Singaporeans are prioritising spending over saving, contributing to the shift. The middle class is bearing the brunt of this trend, with most pay cheque-to-pay cheque earners falling into the middle-income bracket. Wealth managers report that 60–70 per cent of clients seeking financial help are from this group. Housing costs, lifestyle spending and declining real wages are eroding financial stability. Singapore's savings-first identity is rapidly evolving. Singapore's migrant workers are more satisfied than ever, according to a Ministry of Manpower's (MOM) 2024 survey. With 95.3 per cent expressing contentment and 96.7 per cent planning to stay or return, the city-state is cementing its reputation as a top destination for foreign labour. Trust in MOM's protection, safe working conditions and improved practices like electronic salary payments and passport retention are driving the positive sentiment. Employers are also playing their part with training and benefits. But challenges remain, with employers expressing concerns in recruiting workers with the right skills. More on MOM's migrant worker and employer survey here. Read more in our live blog below, including the latest local and international news and updates. Singapore's pay cheque culture hits new high Singapore's reputation for disciplined saving is under threat. A 2025 ADP Research report, which surveyed nearly 38,000 people across 34 markets, reveals that 60 per cent of workers lived pay cheque to pay cheque in 2024, the highest rate in Asia-Pacific. Singapore's reputation for financial prudence and high savings is showing signs of strain. Read @LeeYingShan's report here: — CNBC International (@CNBCi) August 14, 2025 Singapore's rate is well above the Asia-Pacific average of 48 per cent, surpassing regional peers like China, South Korea, and Indonesia, and reflects a growing strain on household finances. Rising costs of living, from housing to groceries, are outpacing wage growth. Real median income has declined by 0.4 per cent annually since 2019, reversing previous growth trends. Inflation may have cooled, but structural costs, like housing and imported goods, remain high. Experts say the shift isn't just economic, it's cultural. Younger Singaporeans are prioritising experiences, self-care, and lifestyle over long-term financial planning. 'I want to have a life and experience life too,' one respondent told CNBC. Buy-now-pay-later schemes and social media-fuelled consumerism are also driving the trend. Experts say many are spending money they haven't earned yet, chasing lifestyles they can't afford. The shift marks a generational change. Fewer Singaporeans in their 20s to 50s are planning for retirement, and many feel less urgency to save compared to their parents. Singapore's cost of living ranked fifth globally in 2025, and first in Asia, according to Numbeo. With fewer people planning for retirement, the nation's savings-first identity is showing cracks. Singapore migrant worker satisfaction hits record high: MOM survey Singapore's migrant workforce is thriving, with 95.3 per cent of workers reporting satisfaction with their working and living conditions in 2024, a record high since the Ministry of Manpower (MOM) began tracking the metric in 2011. The survey, which polled over 2,800 workers, also found that 96.7 per cent intend to continue working in Singapore or return in the future. Trust in MOM's regulatory role is soaring. A whopping 97 per cent of workers believe MOM effectively protects them, and 99.5 per cent feel comfortable approaching their employers about work-related injuries. These figures reflect a robust support system and a culture of open communication. Electronic salary payments are now the norm, with 92 per cent of workers receiving wages directly into their bank accounts. Passport retention practices have improved too – 68.4 per cent now hold their own documents, up from 38.8 per cent in 2018. Food preferences are respected, with 88.5 per cent of workers reporting satisfaction with their meal arrangements. Employers are stepping up too: 88.8 per cent offer benefits to retain staff, and 80.6 per cent provide training beyond mandatory requirements. Yet, challenges remain. Only 27.3 per cent of employers find it easy to recruit workers with the right skills. MOM is reviewing its Work Permit framework to address this gap and support a higher-quality workforce. Singapore's migrant worker ecosystem is evolving, and the numbers show it's moving in the right direction. Read on MOM's migrant worker and employer survey here. Singapore's reputation for disciplined saving is under threat. A 2025 ADP Research report, which surveyed nearly 38,000 people across 34 markets, reveals that 60 per cent of workers lived pay cheque to pay cheque in 2024, the highest rate in Asia-Pacific. Singapore's reputation for financial prudence and high savings is showing signs of strain. Read @LeeYingShan's report here: — CNBC International (@CNBCi) August 14, 2025 Singapore's rate is well above the Asia-Pacific average of 48 per cent, surpassing regional peers like China, South Korea, and Indonesia, and reflects a growing strain on household finances. Rising costs of living, from housing to groceries, are outpacing wage growth. Real median income has declined by 0.4 per cent annually since 2019, reversing previous growth trends. Inflation may have cooled, but structural costs, like housing and imported goods, remain high. Experts say the shift isn't just economic, it's cultural. Younger Singaporeans are prioritising experiences, self-care, and lifestyle over long-term financial planning. 'I want to have a life and experience life too,' one respondent told CNBC. Buy-now-pay-later schemes and social media-fuelled consumerism are also driving the trend. Experts say many are spending money they haven't earned yet, chasing lifestyles they can't afford. The shift marks a generational change. Fewer Singaporeans in their 20s to 50s are planning for retirement, and many feel less urgency to save compared to their parents. Singapore's cost of living ranked fifth globally in 2025, and first in Asia, according to Numbeo. With fewer people planning for retirement, the nation's savings-first identity is showing cracks. Singapore's migrant workforce is thriving, with 95.3 per cent of workers reporting satisfaction with their working and living conditions in 2024, a record high since the Ministry of Manpower (MOM) began tracking the metric in 2011. The survey, which polled over 2,800 workers, also found that 96.7 per cent intend to continue working in Singapore or return in the future. Trust in MOM's regulatory role is soaring. A whopping 97 per cent of workers believe MOM effectively protects them, and 99.5 per cent feel comfortable approaching their employers about work-related injuries. These figures reflect a robust support system and a culture of open communication. Electronic salary payments are now the norm, with 92 per cent of workers receiving wages directly into their bank accounts. Passport retention practices have improved too – 68.4 per cent now hold their own documents, up from 38.8 per cent in 2018. Food preferences are respected, with 88.5 per cent of workers reporting satisfaction with their meal arrangements. Employers are stepping up too: 88.8 per cent offer benefits to retain staff, and 80.6 per cent provide training beyond mandatory requirements. Yet, challenges remain. Only 27.3 per cent of employers find it easy to recruit workers with the right skills. MOM is reviewing its Work Permit framework to address this gap and support a higher-quality workforce. Singapore's migrant worker ecosystem is evolving, and the numbers show it's moving in the right direction. Read on MOM's migrant worker and employer survey here.
