High-quality corporate reporting remains key priority for Malaysian economy
High-quality corporate reporting plays an important role in the Malaysian economy, helping the country expand its economic pie, foster broader participation and increase the complexity of its economy.
Malaysian Finance Minister II Datuk Seri Amir Hamzah Azizan. Photo courtesy of The Star.
In his keynote address at the recent 34th National Annual Corporate Report Awards (NACRA), Finance Minister II Datuk Seri Amir Hamzah Azizan said transparent and robust disclosures will help Malaysian businesses build trust, attract high-quality investments and strengthen the linkages across industries.
By committing to excellence in reporting, businesses play a pivotal role in transforming Malaysia into a dynamic and future-ready economy, he said.
According to the official, corporate reporting is not just about compliance - it’s about creating value and demonstrating resilience in an ever-evolving global landscape.
He added that as Malaysia advances under the National Energy Transition Roadmap (NETR), sustainability reporting which has moved to the forefront of corporate strategy would be pivotal in aligning businesses with the country’s decarbonisation and green energy goals.
Starting in 2025, large-cap listed companies on the Malaysian stock exchange will be required to adopt the National Sustainability Reporting Framework (NSRF). By 2027, all companies must follow suit.
The NSRF, combined with NETR and other national strategies, represents the Malaysian government’s commitment to sustainable development and the country’s aspiration to lead in green growth, said Amir Hamzah.
- Read More
Japan’s Marubeni to invest $100 mln more in Vietnam subsidiary, transfer equity afterward
Japan’s Marubeni Corporation will increase its investment in Vietnam subsidiary Kraft of Asia Paperboard & Packaging (KOA) and then transfer its whole equity in the firm to Meico Management Co., Ltd.
Industries - Tue, December 3, 2024 | 3:10 pm GMT+7
Death sentence upheld for Van Thinh Phat chairwoman Truong My Lan
The High People’s Court in Ho Chi Minh City on Tuesday upheld the death sentence for Truong My Lan, chairwoman of Van Thinh Phat Group, in an appeal trial that lasted for nearly a month.
Society - Tue, December 3, 2024 | 2:36 pm GMT+7
Thai giant SCG to invite global tech giants to jointly invest in Vietnam petrochemicals complex: exec
Thailand-based conglomerate SCG, a leading industry group in ASEAN, will seek leading global tech partners to jointly invest in its $5.2 billion Long Son Petrochemicals Complex (LSP) in Vietnam, says its president and CEO Thammasak Sethaudom.
Industries - Tue, December 3, 2024 | 12:01 pm GMT+7
HCMC financial center must take shape in early 2025: Prime Minister
Ho Chi Minh City needs to take urgent steps to have its international financial center basically formed by the first quarter of 2025, says Prime Minister Pham Minh Chinh.
Economy - Tue, December 3, 2024 | 11:30 am GMT+7
Post-tax profit of Samsung’s 4 major factories in Vietnam drops 23.6% in Jan-Sept
Four Vietnamese subsidiaries of South Korean giant Samsung Electronics reported combined profits after tax of KRW4,181 billion ($2.98 billion) in the first nine months of this year, down 23.6% year-on-year.
Companies - Tue, December 3, 2024 | 10:14 am GMT+7
Thailand secures first FTA with European trade bloc
Thai Minister of Commerce Pichai Naripthaphan has announced the successful conclusion of negotiations on the Free Trade Agreement (FTA) between Thailand and the European Free Trade Association (EFTA) comprising Switzerland, Norway, Iceland and Liechtenstein.
Southeast Asia - Tue, December 3, 2024 | 9:33 am GMT+7
Malaysia eyes ASEAN’s electric vehicle hub crown
Hyundai Motor will open its first plant in Kedah state, Malaysia next year with an investment of $500 million, the Malaysian Government has announced.
Southeast Asia - Tue, December 3, 2024 | 9:31 am GMT+7
Vietnam aims to cut logistics costs to 15% of GDP next year
Vietnam needs to lower its logistics costs to 15% of GDP next year from the current 18% to enhance the competitiveness of domestic products and businesses, says Prime Minister Pham Minh Chinh.
Industries - Tue, December 3, 2024 | 9:05 am GMT+7
Story behind the success of Caty dragon fruit noodles
The Investor talks with Le Quang Huy, chairman of Caty Foods Company Limited - the name behind the success of Caty dragon fruit noodles, about the ways he has helped dragon fruit growers overcome difficulties and how he is nurturing bigger plans "to do more for Vietnamese agricultural products".
Executive Talk - Tue, December 3, 2024 | 8:15 am GMT+7
Vietnam to lead Southeast Asia’s e-commerce revolution: IMARC report
Vietnam is set to lead Southeast Asia’s e-commerce revolution, given that this industry potentially drives national economic transformation, according to the latest report published by IMARC Group, a market research provider, on Sunday.
Southeast Asia - Mon, December 2, 2024 | 10:40 pm GMT+7
Vietnam agricultural product exports poised for record-breaking year
Vietnam’s agricultural product exports are on track to achieve an unprecedented milestone, with projected revenue reaching $60-61 billion this year, up $7-8 billion compared to 2023.
Southeast Asia - Mon, December 2, 2024 | 10:34 pm GMT+7
Ministry proposes incentives for Vietnam automobile industry to be extended to end of 2027
Vietnam's Ministry of Finance has proposed the tax incentives for the automobile part-supplying industry to be extended through December 31, 2027, instead of the end of this year to promote the development of the domestic automobile industry.
Southeast Asia - Mon, December 2, 2024 | 10:29 pm GMT+7
Taxes on second property in Vietnam require cautious, balanced approach: experts
Property prices in Vietnam have been on the rise, causing economists and industry insiders to support stronger tax measures to keep prices in check while urging caution in their implementation.
Southeast Asia - Mon, December 2, 2024 | 10:20 pm GMT+7
Three consumption trends for 2025 Lunar New Year holiday: Kantar Worldpanel
Consumers are prioritizing practical products such as household appliances, cooking utensils and personal care items, says Nguyen Phuong Nga, business director at Kantar Worldpanel Vietnam.
Economy - Mon, December 2, 2024 | 7:39 pm GMT+7
Foreign investors turn net sellers in Vietnamese market after 6 sessions
After six sessions of actively buying Vietnamese stocks, foreign investors returned to net selling on Monday, to the tune of more than VND300 billion ($11.82 million) on the Ho Chi Minh Stock Exchange (HoSE).
Finance - Mon, December 2, 2024 | 5:09 pm GMT+7
United Overseas Bank seeks to open sixth branch in Vietnam
Singapore’s United Overseas Bank (UOB) is eyeing to open another branch in Ho Chi Minh City, said UOB CEO and deputy chairman Wee Ee Chong.
Banking - Mon, December 2, 2024 | 5:06 pm GMT+7
