Latest news with #QSB
Daily Express
24-04-2025
- Business
- Daily Express
Sabah's proximity to Nusantara offers major renewable energy potential: QSB CEO
Published on: Thursday, April 24, 2025 Published on: Thu, Apr 24, 2025 By: Larry Ralon Text Size: State Finance Minister Datuk Seri Masidi Manjun, who officiates Sarec 2025, with the organisers. - Pic by CMD KOTA KINABALU: Sabah's strategic proximity to several rapidly growing regional economies—most notably Indonesia's emerging capital of Nusantara—offers the State significant market opportunities and positive spill-over effects, said Qhazanah Sabah Berhad (QSB) Group CEO Datuk Ahmad Rizal Dahli. Complemented by rich natural resources ideal for renewable-energy adoption, he said Sabah is poised to model sustainable solutions. 'With some of the highest solar-irradiation levels in Malaysia, we have the potential to generate up to 99.4 GW of photovoltaic power—an opportunity we must seize,' he said at the Sabah Renewable Energy Conference (Sarec) 2025: Corridor to Transform Vision to Reality held here Thursday. Ahmad Rizal emphasised that no single organisation can realise this ambition alone. 'Sarec 2025 serves as a vital platform to harmonise our efforts—whether in policy development, infrastructure investment, technology innovation or financing mechanisms.' He called for synergy between public and private sectors, regulators and investors, and innovators and implementers, stressing that each stakeholder has a unique role, from financial institutions and technology providers to regulators and asset developers. Looking ahead, he noted that green financing, sustainable investment models and ESG-aligned capital flows are no longer optional but fundamental pillars of future growth in Sabah's renewable-energy sector. 'Equally important is our commitment to inclusivity and diversity. 'As we push the boundaries of what is technologically and economically possible, our progress must also be socially just and equitable.' 'Renewable energy is not just about electrons and infrastructure—it is about empowering communities, creating quality jobs and fostering resilience across every corner of Sabah, including our rural and indigenous populations,' he said. Founded in April 1995 as Warisan Harta Sabah Sdn Bhd under the Sabah Finance Ministry, Qhazanah Sabah Berhad was established to act as the State Government's strategic investment arm, ensuring that Sabah's interests remain uncompromised. 'Over the past three decades, we have diversified into strategic sectors, aligning our investments with the State's long-term goals and global best practices,' said Ahmad Rizal, noting that collaboration with fellow government-linked companies strengthens Sabah's economic ecosystem amid shifting global and regional demands. He explained that organising Sarec 2025 reflects QSB's core value of collaboration and its collective commitment—with public and private stakeholders—to facilitate knowledge sharing and drive the growth of Sabah's renewable-energy industry. Ahmad Rizal acknowledged Malaysian Rating Corporation Berhad (MARC) as a strategic partner and co-organiser. 'Without MARC's initiative, Sarec 2025 would not have been possible. Their leadership has enabled deeper collaboration among GLCs and industry partners. 'Let today mark the beginning of deeper collaborations and bold ideas. "May we leave this conference not only more informed but more proactive—and commit, together, to building a Sabah that shines brightly in Malaysia's clean-energy future, preserving our home without compromising economic opportunity,' he said. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
24-04-2025
- Business
- Daily Express
Sarec 2025 strengthens drive toward sustainable energy goals
Published on: Thursday, April 24, 2025 Published on: Thu, Apr 24, 2025 Text Size: The Sabah Renewable Energy Conference (Sarec) 2025 has been positioned as a strategic platform to drive collaboration, innovation, and forward-looking policies for Sabah's clean energy transition. Qhazanah Sabah Berhad (QSB) Chairman Datuk Dr Yusof Yacob said Sabah's rich renewable resources, such as solar, wind, and hydro, placed it uniquely to lead in clean, affordable, and sustainable energy development. He emphasised that investing in renewable energy could stimulate economic growth, reduce carbon emissions, and enhance energy security while creating new industries and job opportunities. However, he warned that the shift would require strong government leadership, innovative policies, and cross-sector collaboration to overcome infrastructure and investment challenges. Sarec 2025, officiated on Thursday by State Finance Minister Datuk Seri Masidi Manjun on behalf of the Chief Minister, supports the Sabah Energy Roadmap and Master Plan 2040 and aims to unite key stakeholders in accelerating Sabah's sustainable energy future. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Mint
22-04-2025
- Business
- Mint
Brokers seek time to prepare for same day settlement
Retail investors' dreams of settling their trades on the same day that transactions occur aren't likely to materialise significantly more than a year after the Securities and Exchange Board of India ( Sebi ) launched the same-day settlement cycle, or T+0. At a meeting last week, close to 10 qualified stock brokers (QSBs) requested that market regulator Sebi extend the 1 May deadline for offering a same-day settlement option to any of their clients desirous of such a cycle. As most top brokers are operationally unprepared for such a cycle, Sebi could extend the deadline for the QSBs to provide their clients with the option of same-day settlement. Currently, very few brokers offer this option to clients as their risk management and order management systems cannot handle the scale for a same-day settlement. Read more: Why India's collective investment tax rules need an overhaul "Most QSBs requested the regulator to stretch the 1 May deadline by three to four months to become operationally fully prepared for offering clients the option for completion of trade on the same day," said a QSB official aware of the meeting. "I think Sebi could grant us more time to get our systems fully geared for same-day settlement," said the head of another QSB. He added that the current settlement cycle of T (trade) plus one—where shares hit a client's demat account and money is credited to the seller's account a day after the trade—was "very popular" among market participants. An email query to Sebi on whether the deadline for QSBs would be extended was not answered till press time. However, a person aware of the development said that Sebi is not mandating "universal adoption," but is still closely monitoring several issues, such as "FPI participation and custodian readiness." To be sure, India became the first country to implement a T+1 settlement cycle for all listed stocks on 27 January 2023. On 28 March 2024, a year later, Sebi introduced the optional T+0 settlement. In the first phase, trades by retail investors between 9:15 am and 1:30 pm are considered for same-day settlement by 4:30 pm, according to ICICI Securities . Gradually, trading hours will be extended to 3:30 pm, in line with the regular market hours from Monday to Friday. In the second phase, institutional investors will also have the option to trade under the T+0 cycle. While initially applicable to just 25 scrips, Sebi announced on 10 December 2024 that the optional T+0 settlement would be extended to the top 500 stocks from 31 January 2025, starting with scrips at bottom 100 companies and gradually include the next bottom 100 companies every month till the top 500 companies are available for trading in optional T+0 settlement cycle. Currently, investors can trade in over 5,600 listed stocks. Read more: Sebi plans raising MF exposure limit in REITs, InvITs; experts flag tax concerns The regulator also clarified that entities meeting the QSB criteria—based on minimum active clients and other parameters—must put in place necessary systems and processes to enable seamless investor participation in the optional T+0 cycle. Additionally, Sebi directed stock exchanges to implement a new 'Block Deal window" exclusively for the morning session from 8:45 am to 9:00 am, in addition to the existing windows from 8:45–9:00 am and 2:05–2:20 pm for T+1 settlements. 'The trades in the optional T+0 block window session will be settled on the T+0 settlement cycle," Sebi clarified. The QSB and block deal parameters are to come into effect from 1 May 2025. QSBs are brokers who hold a significant position in Indian stock markets based on their size, trading volumes and amount of client funds handled by them. QSBs include brokers like Groww, Zerodha, Upstox, Angel One , ICICI Securities , HDFC Securities, Kotak Securities, Motilal Oswal Financial Services , etc. The fact of lacklustre same day settlement trading is borne by just one share of SBI being traded on BSE on Monday against 6.98 lakh being traded under the T +1 settlement cycle. On BPCL it was just 2 under T+0 zero versus 4.5 lakh under prevalent settlement and in Tata Communications just 2 shares against 32,000, per BSE data. As of FY25, there were 397 brokers handling 4.92 crore active clients of NSE, the country's largest stock exchange. The benefits of same-day settlement include increased trading opportunities and reduced settlement risk for investors. Rolling settlement was introduced on a T+3 basis in 1993, followed by a T+2 settlement cycle in 2003. Sebi implemented the existing T+1 settlement in January 2023. Currently, buying in one settlement cycle and selling in the other is not possible.
