Latest news with #SecuritiesCommissionMalaysia
Malay Mail
2 days ago
- Business
- Malay Mail
SC's next capital market roadmap to power up green investments, align with 13MP, NETR
KUALA LUMPUR, July 28 — The Securities Commission Malaysia's (SC) upcoming Capital Market Masterplan 4 (CMP4) will align with current national priorities, including the 13th Malaysia Plan, the National Energy Transition Roadmap (NETR) and other government economic initiatives. SC chairman Datuk Mohammad Faiz Azmi said this will give momentum to capital mobilisation for transition, adaptation and climate resilience financing. 'We hope to increase the amount of green investments to support our energy transition and to help prepare for a hotter future,' he said in his welcoming address at the Eco-Business Conference 2025 today. Mohammad Faiz had previously highlighted that this year, the SC will begin the process of shaping views and insights over the long term, including vision and objectives, in developing CMP4, which succeeds CMP3 (2021-2025). At the same event, he said the National Sustainability Reporting Framework (NSRF) was launched in September 2024 to ensure consistent and comparable sustainability reporting by corporate Malaysia and to align with the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB). 'Our efforts have already earned Malaysia international recognition by the IFRS Foundation for being one of the first adopters of the ISSB standards in Asean. 'This year marks the first phase of NSRF implementation involving large Main Market issuers above RM2 billion in market capitalisation — some 130 companies — and we will see the fruits of their work next year when the annual reports are finalised for 2025,' he added. — Bernama
New Straits Times
2 days ago
- Business
- New Straits Times
SC upcoming capital market roadmap to align with 13th Malaysia Plan, NETR
KUALA LUMPUR: The Securities Commission Malaysia's (SC) upcoming Capital Market Masterplan 4 (CMP4) will align with current national priorities, including the 13th Malaysia Plan, the National Energy Transition Roadmap (NETR) and other government economic initiatives. SC chairman Datuk Mohammad Faiz Azmi said this will give momentum to capital mobilisation for transition, adaptation and climate resilience financing. "We hope to increase the amount of green investments to support our energy transition and to help prepare for a hotter future," he said in his welcoming address at the Eco-Business Conference 2025 today. Mohammad Faiz had previously highlighted that this year, the SC will begin the process of shaping views and insights over the long term, including vision and objectives, in developing CMP4, which succeeds CMP3 (2021–2025). At the same event, he said the National Sustainability Reporting Framework (NSRF) was launched in September 2024 to ensure consistent and comparable sustainability reporting by corporate Malaysia and to align with the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB). "Our efforts have already earned Malaysia international recognition by the IFRS Foundation for being one of the first adopters of the ISSB standards in Asean. "This year marks the first phase of NSRF implementation involving large Main Market issuers above RM2 billion in market capitalisation – some 130 companies – and we will see the fruits of their work next year when the annual reports are finalised for 2025," he added. — BERNAMA
Barnama
2 days ago
- Business
- Barnama
SC Upcoming Capital Market Roadmap To Align With 13th Malaysia Plan, NETR
KUALA LUMPUR, July 28 (Bernama) -- The Securities Commission Malaysia's (SC) upcoming Capital Market Masterplan 4 (CMP4) will align with current national priorities, including the 13th Malaysia Plan, the National Energy Transition Roadmap (NETR) and other government economic initiatives. SC chairman Datuk Mohammad Faiz Azmi said this will give momentum to capital mobilisation for transition, adaptation and climate resilience financing. 'We hope to increase the amount of green investments to support our energy transition and to help prepare for a hotter future,' he said in his welcoming address at the Eco-Business Conference 2025 today.
New Straits Times
5 days ago
- Business
- New Straits Times
Engineer loses RM178,200 in online investment scam
PASIR GUDANG: An engineer lost RM178,200 after falling victim to an online stock investment scam that promised high returns via WhatsApp. Seri Alam district police chief Assistant Commissioner Mohd Sohaimi Ishak said the 33-year-old female victim lodged a police report yesterday, saying that an investment syndicate had scammed her since March. "The victim was initially attracted after seeing a stock investment advertisement on the Telegram app and followed a provided link. She was promised high profits in a short time. The victim then made 19 transactions into three different bank accounts from March to July, involving a total amount of RM178,200," he said in a statement. Sohaimi added that the victim only realised she had been scammed when she was asked to make additional payments to withdraw her capital and profits. Initial police investigations found that all the bank accounts involved had 21 prior police reports related to investment fraud. The case is being investigated under Section 420 of the Penal Code for cheating, and also involves the use of mule accounts. "The police advise the public not to be easily deceived by any investment schemes that promise high returns. "Always be cautious and verify the legitimacy of any company or individual offering investments before making any payments. "The public should check with the Securities Commission Malaysia, avoid trusting promises of quick riches, and use the Semak Mule portal to verify suspicious accounts before any transactions,".
The Star
6 days ago
- Business
- The Star
Wasco empowers SMEs on ESG readiness ahead of NSRF rollout
KUALA LUMPUR: Wasco Bhd is taking early steps to support small and medium-sized enterprises (SMEs) in its supply chain as Malaysia prepares for mandatory environmental, social and governance (ESG) disclosures under the National Sustainability Reporting Framework (NSRF). The energy infrastructure services group said it will host its inaugural Sustainability Day on July 29 in Kuala Lumpur, themed "Building a Responsible Value Chain Together', to help vendors prepare for upcoming sustainability requirements. "The full-day event aims to raise awareness and build ESG readiness across Wasco's vendor ecosystem, with a focus on Scope 3 greenhouse gas (GHG) emissions, human rights due diligence, and responsible sourcing,' it said in a statement today. The programme will feature keynote addresses, a panel session and vendor advisory booths offering hands-on ESG guidance. A highlight will be the panel discussion, "From Learning to Leading: Real Stories from the Sustainability Journey', moderated by broadcast journalist and ESG advocate Freda Liu. Fresh from winning at the 2025 Sustainability and CSR Awards Malaysia, Wasco said it is expanding its ESG efforts beyond internal operations to empower supply chain stakeholders. "Sustainability is no longer a peripheral issue. It is central to long-term value creation,' said Wasco chief strategy officer Ariesza Noor. "While some companies focus on general ESG awareness, we are going deeper - tackling climate data, supplier transparency and human rights due diligence through practical, sector-specific guidance.' She said that although many SMEs in Wasco's supply chain are not immediately subject to NSRF disclosure requirements, proactive engagement is essential. "We recognise that many of our partners are not legally bound yet. However, readiness cannot wait until regulation knocks. That is why we have stepped in early - not to audit, but to empower,' Ariesza added. The NSRF, led by the Securities Commission Malaysia, aligns with global standards issued by the International Sustainability Standards Board (ISSB), requiring disclosures based on IFRS S1 and S2 - including Scope 1, 2 and 3 GHG emissions. The phased implementation will begin on Jan 1, 2025, with Tier 1 Main Market PLCs (those with market capitalisation of RM2 billion and above) required to comply first. Other Main Market companies are expected to follow by 2026, while ACE Market firms and large unlisted entities (with revenue over RM2 billion) must comply from 2027, with full adoption due by 2030. Among the event's ESG knowledge-sharing segments are sessions by Bursa Malaysia, UNGC Malaysia & Brunei, and independent experts offering toolkits on climate reporting, social compliance and ethical procurement. - Bernama
