(Bloomberg) Malaysia’s largest pension fund aims to make all its investments based on environmental, social and governance practices by 2030, betting a strategy based on holding sustainable assets can make it more resilient against future market upheavals.
At 10am, the FBM KLCI was up 6.82 points at 1,601.62.
Gainers led losers by 398 to 357, while 392 counters traded unchanged. Trading volume was 1.76 billion shares valued at RM848.39 million.
The top gainers included Unisem (M) Bhd, Malaysian Pacific Industries Bhd, Hartalega Holdings Bhd, Nestle (Malaysia) Bhd, ViTrox Corp Bhd, Supermax Corp Bhd, Public Bank Bhd and Top Glove Corp Bhd.
The actively traded stocks included Dagang NeXchange Bhd (DNeX), Vsolar Group Bhd, Dynaciate Group Bhd, KTG Bhd and Lambo Group Bhd.
The decliners included KESM Industries Bhd, KPower Bhd. Petronas Chemicals Group Bhd (PetChem), Hap Seng Consolidated Bhd, Petronas Gas Bhd (PetGas) and AEON Credit Service (M) Bhd.
The government appreciates the initiative taken by Top Glove Corp Bhd in offering over 9,000 job opportunities for the locals in the country, but it also reminded the company to also emphasise the safety and well-being of its workers, Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob said.
KUALA LUMPUR (Jan 22): The main index at Bursa Malaysia pared some of its gains at the midday break Friday as regional markets eased from record highs on profit taking.
Meanwhile, Malaysia’s inflation, as measured by the consumer price index (CPI), declined 1.4% in December 2020 from a year earlier, bringing the full-year reading to a 1.2% drop. The full-year 2020 deflation is Malaysia’s first since 1969 when the CPI fell 0.41%.
At 12.30pm, the FBM KLCI was up 7.90 points to 1,602.70. The index had earlier risen to a high of 1,605.70.
Losers overtook gainers by 354 to 310, while 770 counters traded unchanged. Trading volume was 3.60 billion shares valued at RM2.40 billion.
Migrant Workers, Porous Borders Mar Southeast Asia Recovery
By
January 22, 2021
A migrant workers dormitory in Singapore, April 2020. The island nation has since brought the outbreak under control with strict measures.
(Bloomberg) Follow Bloomberg on LINE messenger for all the business news and analysis you need.
In Southeast Asia, migrant workers at the bottom rungs of society have borne the brunt of Covid-19. Without real efforts to address their plight, the group could prove to be a key risk to the region’s ability to shake off the pandemic.
These workers, numbering some 10 million in Southeast Asia, have become the main vectors of recent resurgences of the coronavirus in countries like Malaysia and Thailand, even as they power the industries that produce goods such as rubber gloves and frozen foods that have soared in demand due to the pandemic.