TNG eWallet, Arus Oil partner to power Malaysia’s circular economy for a sustainable future

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  • People is recycle used cooking oil and receive payment straight into their app.
  • Encourage M’sians to discard used cooking oil, earn incentives &amp, positively impact the environment

The partnership between TNG Digital and Arus Oil was formalised with the signing of a MoU at TNG Digital’s office. The MoU was signed by representatives from both parties, including [from left] Chatichai Chong Jian Wei, chief marketing officer of Arus Oil, Mohd Syazwan bin Abd Majid,CEO of Arus Oil, Alan Ni, CEO of TNG Digital, and Adeline Lum, director of Merchant Business (Commercial) of TNG Digital.

TNG Digital Sdn. Malaysia’s largest integrated fintech player, Bhd, has made a significant step toward sustainability by forming a pioneering partnership with Arus Oil ( My Protech Sdn Bhd ), marking the company’s first entry into the circular economy. The parties stated in a joint statement that this collaboration will help TNG eWallet users recycle used cooking oil (UCO ) and receive payments directly into their eWallets, converting waste into money while aiding in a more sustainable future.

Used cooking oil is frequently discarded rather than recycled, which causes waste and wasted solutions. Fuel can eventually enter the sewer system as a result of poor disposal, polluting rivers and seas. TNG Digital and Arus Oil are urging both homes and businesses to use Arus Oil via TNG app to embrace responsible and effective oil recycling methods in response.

Alan Ni, CEO of TNG Digital, shared,” We are excited to start our first economic, social, and governance ( ESG) association with Arus Oil, aimed at promoting recycling and conservation. As the country’s leading app, we believe our duties extend beyond providing economic products and services. Through our TNG eWallet platform, we are committed to creating a complete and lasting ecosystem that improves both the well-being of our customers and the atmosphere.

” With this effort, we encourage Malay to discard their used cooking oil, earn returns, and create a positive impact on the environment through our system. He continued,” This agreement with Arus Oil is a major step forward toward a brighter and more sustainable future for all.”

” This program not only reduces risks related to environmental pollution, but it also encourages the development of renewable energy and the decrease of waste, while also offering households and businesses tangible financial advantages,” Ni said.

Arus Oil, which began its fuel collection initiatives in 2017, has previously collected 1, 000 kilograms of UCO through designated set items. Arus Oil now has TNG app as its first app spouse, making it easier and faster to recycle materials and to have money credited to users ‘ eWallets in real-time.

CEO of My Protech, Syazwan Majid, stated,” At Arus Oil, we are driven by the conviction that conservation is an opportunity to have a positive impact on both our culture and community. This collaboration with the No. By turning spend into a source, the 1 eWallet in Malaysia complies with our goal to create a greener society. By facilitating the disposal of UCO through the digital system, we are empowering Malaysians to directly support environmental protection and solar power while earning rewards. Collectively, we are not just imagining a ecological future—we are constantly building it”.

If home UCO is kept in a non-flammable place at room temperatures, it can be collected and stored in a crystal bottle or jerry is. Restaurants that handle larger amounts of UCO are advised to apply barrels. People who want to buy their UCO to Arus Oil using TNG app can do this:

1. Click the Arus Oil symbol in the TNG paytm to access it.

2. Click on” Create Appointment”.

3. Include the information needed, along with a photograph of the to be taken UCO.

4. With a minimal pickup weight of 5 kg, Atlas Oil may email the user to organize a delivery at their convenience.

Users ‘ Voyager card will immediately receive funds earned from recycling UCO, which can be used for bills and other purposes, adding value to this environmentally friendly actions.

Arus Oil, which is now based in the Klang Valley, intends to expand its services to other locations, including East Malaysia and the northern territory. During the battle time from 9 September to 23 September 2024, the government can even take UCO to the Arus Oil Collection Center at 30, Jalan Industri USJ 1/4, Taman Perindustrian USJ, 47600 Subang Jaya, Selangor, recycle it via the TNG eWallet app, and get a specific rate of RM3/kg.

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MyDigital, Bursa Malaysia pen Memorandum of Collaboration to drive ESG innovations through digital transformation

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  • signed MoUs with 5 PLCs in Malaysia
  • MoC helps govt’s push for companies to promote ESG goals through online transition

Left to Right: Gobind Singh Deo, minister of Digital; Adrian Marcellus, CEO of MyDIGITAL Corporation; Muhamad Umar Swift, CEO of Bursa Malaysia; and Abdul Farid Alias, senior independent non-executive director of Bursa Malaysia at the Memorandum of Collaboration Signing Ceremony Between MyDIGITAL Corporation and Bursa Malaysia.

MyDigital Corporation and Bursa Malaysia Berhad have entered into a Memorandum of Collaboration ( MoC ) to empower Public Listed Companies ( PLCs ) in Malaysia to achieve their Environmental, Social, and Governance ( ESG) goals through the adoption of digital technologies. Through the Malaysia Centre4IR ESG Innovation Challenge, which was announced last month, the MoC formalizes the two factions ‘ previous engagement.

The MoC was signed by Umar Swift, CEO of Bursa Malaysia, and Adrian Marcellus, CEO of MyDIGITAL Corporation and head of the Malaysia Centre for the Fourth Industrial Revolution ( MYCentre4IR ). The filing meeting was witnessed by Gobind Singh Deo, Minister of Digital Malaysia, and Abdul Farid al Alias, Senior Independent Non-Executive Director of Bursa Malaysia.

The MoC supports companies in accelerating their ESG excursion through online transformation by working with the government through the Ministry of Digital. In particular, there is an emphasis on the need for Fourth Industrial Revolution ( 4IR ) technologies to be at the forefront of this transformation, enabling corporates to address pressing challenges, the parties stated in a statement.

Under the context of the MoC, MyDigital Corporation and Bursa Malaysia did examine a range of activities, including:

    Co-Authoring Thought Leadership Publications: Leveraging the Malaysia Centre for the Fourth Industrial Revolution ( MYCentre4IR ) network, in affiliation with the World Economic Forum ( The Forum ), to produce content on sustainability, green supply chain management, digital transformation, and other related fields.

  1. Best Practices Exchange: Facilitating information exchange between Bursa Malaysia, MYCentre4IR, and The Forum on important matters related to conservation and natural activities.
  2. Hosting the Malaysia Centre4IR ESG Innovation Challenge: An development issue that connects Malaysian PLCs with vivid imaginations and promising companies and entrepreneurs from all over the world. The objective is to find creative solutions that address business issues, which might lead to an increase in business competitiveness and benefiting businesses and the atmosphere.

Gobind commented,” This event is testament to our government’s continued digital conversion trip. Additionally, it demonstrates the government’s strong desire to place ecology at the center of our growth plans.

He added,” I was pleased to read that the article addressed Bursa Malaysia’s requirement for publicly-listed companies to disclose their sustainability practices in their annual reports. In truth, the article also highlighted the Malaysia Centre4IR ESG Innovation Challenge. The initiative exemplifies how partnerships and innovation can contribute to important environmental progress, the organization continued.

Commenting on the engagement, Umar Swift said,” At the Exchange, we have long recognised online acceleration as a vital enabler for driving sustainable development and competitive benefit among Indonesian companies. This MoC with MyDigital Corporation is a positive move in our efforts to spread the concept that ESG and digitalization go hand in hand to promote sustainable development.

” We anticipate that the collaboration’s activities will encourage and motivate more businesses to use digitalization features to enhance their entire ecology performance and operational efficiency,” he added.

Adrian Marcellus remarked,” Tomorrow’s MoC with Bursa Malaysia is a crucial step in our shared goal to improve conservation through electronic technology. We want to promote sustainability and collaborate to create a more adaptable and future-ready modern surroundings by leveraging MYCentre4IR’s partnership with the World Economic Forum.

” We look forward to the Malaysia Centre4IR ESG Innovation Challenge and the thought-leadership and capacity-building activities that will be part of this partnership with our anchor business lovers,” he continued.

MoUs with 5 Malaysian PLCs

At the signing of the MoC, MyDigital Corporation also signed Memoranda of Understanding with five Malaysian PLCs, including CJ Century Logistics Holdings Berhad, Globetronics Technology Berhad, Malayan Banking Berhad, REDtone Digital Berhad, and Sunway Innovation Labs ( representing Sunway Group ).

These MoUs are an extension of the preceding MYCentre4IR Innovation Challenge. On November 7, 2024, the Innovation Challenge will result with a Demo Day at Bursa Malaysia, where five of the most promising suggestions may receive funding opportunities for pilot projects as well as access to a community of business leaders and traders.

Visit the Malaysia Centre4IR ESG Innovation Challenge’s website for more details and how to take part.

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Cenergi SEA Berhad: Driving sustainable energy solutions in Southeast Asia

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  • may be promoting sustainable solutions at future ISES.
  • Cenergi has secured a total of 65 green energyprojects, with 25 of them being new jobs.

Cenergi SEA Berhad: Driving sustainable energy solutions in Southeast Asia

Cenergi SEA Berhad: Driving sustainable energy solutions in Southeast AsiaCenergi SEA Berhad, a division of UEM Lestra Berhad, is a market leader in Southeast Asia for clean energy alternatives. We specialise in different renewable energy projects, including gas to electricity and bioCNG from palm oil mill waste, carbon pellets/briquettes from empty fruits number ( EFB), solar, energy reliability and small hydro jobs. Cenergi is poised to be at the vanguard of Malaysia’s clean energy environment with a total capacity of 143 MW from operating resources and initiatives in development.

The Approach and Vision of Cenergi SEA for Sustainable Energy

Cenergi’s presence at the 6th International Sustainable Energy Summit ( ISES ) 2024 aims to enhance our industry presence, foster collaborative efforts, and advance our mission of promoting sustainable energy solutions. Through communication, knowledge exchange, plan advocacy, investment exploration and CSR activities, we seek to consolidate our role as a key player in the transition towards a sustainable energy future in Southeast Asia.

The organization has secured 25 new renewable energy projects, which are already in various stages of development and pre-development. These jobs encompass a diverse collection of technology, including 16 Biogas Power Plants, 1 Big Scale Solar Farm, 1 Rooftop Solar setup, 4 Biomass Pellet/Briquette Plants, 2 Little Hydro Power Flowers, and 1 BioCNG Plant.

To complement the renewable energy business, Cenergi also participate&nbsp, in the selling and trading of renewable energy certificate ( REC ) and carbon credit. The company has been offering biogas and solar RECs, and to market technology-based carbon credits in the near future.

Innovation and Technology

Our sustainable energy projects are fueled by a variety of innovative technologies, which show how committed we are to reducing carbon emissions, improving energy efficiency, and promoting the use of renewable energy sources. The various systems we use are briefly summarized in the following table.

Biogas Technology:

Cenergi is the largest developer, owner and operator of biogas power plants in Malaysia. Our biogas power plant in Jerantut, Pahang, recognized by the Malaysia Book of Records, is the biggest palm oil mill effluent ( POME) grid-connected biogas power plant in the country, with a capacity of 5.5 MW. We utilise anaerobic digestion to transform agricultural waste, POME, and other organic materials into biogas, which is then used to generate electricity.

Solar Photovoltaic ( PV ) Systems:

Cenergi is actively involved in the development and deployment of solar PV systems, ranging from large-scale solar farms to rooftop installations. The company utilizes advanced PV technology, including high-efficiency solar panels and smart inverters, to maximize energy output and system reliability.

Biomass Pellet:

Cenergi converts empty fruit bunches ( EFBs ), a significant byproduct of palm oil production, into pellets and briquettes. This process maximizes biomass resource, turning waste into&nbsp, valuable products. EFF pellets and briquettes are a renewable and sustainable alternative to fossil fuels because they release less greenhouse gases and pollutants than traditional fossil fuels.

BioCNG:

In Sabah, Cenergi is working on its first bioCNG project, which converts POME biogas into compressed biomethane or bioCNG. The BioCNG produced would be a direct substitute for natural gas as a fuel source because it would have similar characteristics to fossil fuel-based natural gas.

Small Hydro:

Cenergi also makes small-scale hydropower investments using the “run-of-river” idea. Small hydropower contributes significantly to the achievement of the National Energy Transition Roadmap ( NETR )’s renewable energy targets, which are crucial for long-term decarbonization scenarios.

Environmental and Social Impact

The ecosystem projects led by Cenergi have had significant effects on both the environment and the local communities. For example, the implementation of enclosed anaerobic treatment systems for biogas-to-electricity projects has effectively avoided methane emissions, mitigated odor, and improved water quality. These initiatives have also helped to boost the local economy by generating income through the sale of carbon credits and by fostering job opportunities and skill development for local communities.

Adoption Challenges and Policy Recommendations

High initial capital costs, grid integration and infrastructure challenges, regulatory and policy barriers, and technological limitations are the main obstacles that the industry faces as it strives to become more popular for renewable energy projects. To address these challenges, effective policies such as feed-in tariffs ( FiTs ), power purchase agreements ( PPAs ), and net energy metering ( NEM) have proven successful in promoting renewable energy adoption. To increase solar energy systems ‘ overall performance, lower costs, and maintain research and development in solar and battery storage technology is necessary.

Cenergi SEA Berhad remains committed to driving sustainable energy solutions in Southeast Asia through innovative technologies, strategic partnerships, and policy advocacy. By addressing the environmental, economic, and social aspects of renewable energy projects, the company aims to contribute to a cleaner and greener future for the region.

The 6th International Sustainable Energy Summit ( ISES ) 2024, a key event for sustainable energy dialogue and innovation, is set to take place on August 20-21, 2024, at the Kuala Lumpur Convention Centre (KLCC). The summit will be officiated by Malaysia’s Prime Minister, Dato ‘ Seri Anwar Ibrahim, who will be serving as the country’s ambassador to the Sustainable Energy Development Authority ( SEDA ) Malaysia. The event, which has the theme” Accelerating Energy Transition Through Innovation,” reflects Malaysia’s commitment to leading the ASEAN region in the global energy transition through novel approaches and technologies.

The summit will have a crucial role in supporting Malaysia’s ambitious goal of achieving a 70 % renewable energy mix in power generation by 2050, as well as achieving carbon neutrality by the same year. Attendees can expect a series of Plenary Sessions and Deep Dive Workshops led by prominent energy experts and leaders, covering topics such as green mobility, grid modernization, and the integration of Environmental, Social, and Governance ( ESG) principles into investment and financing strategies. Visit ises. org. my for more information.

Cenergi SEA Berhad’s CEO is Hairol Azizi Tajudin.

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Successful conclusion of Endeavor’s Future Forum 2.0 – A game changer for Malaysia’s startup ecosystem 

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  • Over 3000 business rulers, investors &amp, businesses attended the conference
  • Participants gained insights into M’sia’s business habitat through key discussions

Peter Murray, Head of Financial Services Industry, ASEAN. AWS, Normal Vanhaecke, Group CEO, Cradle Fund Sdn Bhd, Adlin Yusman, Managing Director, Endeavor Malaysia, Jesse Chooi, Scaleup Development, MDEC and Hassan Alsagoff, Regional Head of Loyalty & Marketing ,Grab Malaysia

With Cradle Fund, through the MYStartup initiative, as its patron, along with support from Grab Malaysia, GXBank, Amazon Web Services ( AWS), and Malaysia Digital Economy Corporation ( MDEC ), Endeavor’s Future Forum 2.0 successfully concluded on Tuesday, 13th August 2024, at the Asia School of Business. The occasion maintained a strong participation, with over 300 business leaders, companies, and traders in attendance, matching next week’s numbers.

This consistency, according to Endeavor, demonstrates that the success of the Future Forum last year was not just a case of luck; it was a result of the organization’s continued commitment to bringing in top speakers who have a strong impact on the entrepreneurial community.

This year’s Future Forum 2.0 featured a lineup of speakers, including Endeavor Emeritus Board Member Nazir Razak ( chairman of Ikhlas Capital ), Endeavor Mentors such as Joel Neoh ( co-founder of First Move &amp, Fave ) and Tunku Alizakri Alias ( Former chairman of Penjana Kapital ), Endeavor Entrepreneurs including Aaron Patel ( founder of iHandal ) and Kian Seah ( founder of HHI), as well as Endeavor Pre-ISP candidates such as Nicholas Pinn Yang Lim ( co-founder of Good Foodie Media ), Nadira Yusoff ( co-founder of Kiddocare ), Nurul Syaheedah Jes Izman ( co-founder of Pantas ), and Mark Koh ( co-founder of SUPA ).

The list of speakers continued with Norman Vanhaecke ( group CEO of Cradle ), Fadrizul Hasani ( CTO of GXBank ), Karamjit Singh ( founder of Digital News Asia ), Peter Yong ( founder of Mr. Money TV ), Koichi Saito ( founder of KK Fund ), Sophie Chiu ( principal at AppWorks ), Warren Leow ( CEO of Pixlr Group ), Gerardo Salandra ( CEO of Respond. io ), Rene Menezes ( executive director of Remix Solutions ), Roshan Kanesan ( producer &amp, presenter at BFM), and Fahim Surani ( Solution or Systems architect at Amazon Web Services ).

The attendees, according to Endeavor, gained valuable insights into Malaysia’s business ecosystem, from understanding the Gen AI rebellion to understanding the key factors that entice foreign investors to the local landscape. Additionally, they discussed ways to incorporate ESG into firm plan and learn about the brand-new era of marketing and branding. Importantly, the event’s Legitimate Clinic, in partnership with Zaid Ibrahim &amp, Co ( in association with KPMG Law ), provided personalised legal counsel to companies, reinforcing the agency’s commitment to empowering local companies.

The consistently high attendance for Future Forum 2.0, according to Adlin Yusman, managing director of Endeavor Malaysia, confirms that our technique to developing relevant topics and engaging speakers resonates with the business community. It’s not just about a one-time victory, it’s about continually delivering value and fostering an environment where creativity flourishes”.

He continued,” The company is thrilled by this week’s success and looks forward to returning in 2025 with an even more remarkable Future Forum 3.0.” As Endeavor looks forward, we will continue to support high-impact business owners and foster a vibrant company habitat. The success of Coming Forum 2.0 shows how well on track this goal is, Adlin said.

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MYCentre4IR and Bursa Malaysia launch Global Innovation Challenge to accelerate ESG adoption

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  • Opportunities for pilot projects will be provided for the five most promising thoughts.
  • attempts to discover creative solutions that address issues in the sector.

Partnering with Bursa Malaysia, one of Southeast Asia's largest bourses, and powered by UpLink, The Forum’s open innovation platform, this Innovation Challenge leverages the strengths and networks of these prestigious organisations.

leng The Malaysia (Innov Centre4IR tion ESG Ch Innovation llen Challenge ( e) as bee lau Innovation Challenge ) has been ched, accor d ng to t h launched, according to the Malaysia Centre4IR.

This initiative, in collaboration with Bursa Malaysia, is powered by the World Economic Forum’s ( The Forum ) UpLink platform, which invites startups and entrepreneurs from Malaysia and around the world to submit their cutting-edge digital solutions to enhance the efforts of five Malaysian Public Listed Companies ( PLCs ), namely CJ Century Logistics Holdings Bhd, Globetronics Technology Bhd, Malayan Banking Bhd, REDtone Digital Bhd, and Sunway Innovation Labs ( representing Sunway Group ).

( An expression of interest was made following the five PLCs ‘ interest following an ESG Tech Based Innovation Workshop held in Bursa Malaysia. )

Empowering entrepreneurs, driving shift

This Innovation Challenge seeks to join beautiful thoughts and promising startups with Malaysian PLCs in various sectors such as agriculture, construction, economic services, logistics and production. The issue seeks to find creative solutions that address business issues, which might boost Malaysia’s economy and the environment, and could also boost competition.

Strategic engagement

Partnering with Bursa Malaysia, one of Southeast Asia’s largest bourses, and driven by UpLink, The Forum’s available technology system, this problem leverages the strengths and networks of these renowned organisations.

The association with UpLink will help the problem have a global reach and draw high-quality submissions from all over the world. The Innovation Challenge promotes the development and implementation of systems that advance ESG principles while also providing a significant opportunity for PLCs to investigate business venture capital practices in line with Pillars 2, 4, and 5 of Bursa Malaysia’s Public Listed Companies Transformation Programme. This initiative helps PLCs become more responsible in addition to supporting businesses and entrepreneurs.

Five arches, which include:

  • Creating Purpose and Performance-Driven PLCs,
  • Being Responsible, Socially Accountable and Ethical PLCs,
  • Increasing investor ties and customer management,
  • Being Online Enabled, and,
  • Contributing towards Nation Building

Focus places

The Innovation Challenge places an emphasis on net-zero solutions and operation technology:

CJ Century Logistics Holdings Bhd

  • Data set for shipping fleet management
  • predicted model for conservation planning and information analysis

Globetronics Technology Bhd

  • Performance progress in manufacturing
  • AI-assisted online manufacturing helpers

Malayan Banking Bhd

  • Building environment endurance: Options in climate mitigation and adaptation
  • Waste to wealth: assisting SMEs in cutting back on their ongoing waste costs

REDtone Digital Bhd

  • Making use of the Internet of Things ( IoT ) for smarter farms in Malaysia
  • Unlocking AI’s potential for Malaysian agriculture

Sunway Group is represented by Sunway Innovation Labs.

  • Preventative health and well-being
  • Circular economy

Application and selection process

Applications are now open via UpLink and will close on 31 Aug. A panel of industry experts and representatives from MYCentre4IR, Bursa Malaysia, and the World Economic Forum will evaluate the submissions. On November 7, the Innovation Challenge will culminate with a Demo Day at Bursa Malaysia, where five of the most promising ideas will be given funding opportunities for pilot projects and access to a network of business leaders and investors.

For more information about the Malaysia Centre4IR ESG Innovation Challenge and how to participate, please visit the challenge page here or contact]email&nbsp, protected].

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Peninsular Malaysia Labour Dept recognises Merchantrade Asia as an Approved Issuer of a Designated Payment Instrument

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  • immigrant employees tasked with sending out US$ 1.8 billion in 2023.
  • ‘ First-to-last-mile ‘ online income solution ensures solid assistance at every stage for customers

Signing up migrant workers at an Oil Palm Plantation.

The Jabatan Tenaga Kerja Semenanjung Malaysia ( Peninsular Malaysia Labour Department ) has approved Merchantrade Asia Sdn Bhd as an approved issuer of a designated payment instrument for the purpose of wage payments. This is Malaysia’s largest Money Services Business ( MSB ) operator and a leading player in the digital payments industry.

This is in line with the Minister of Human Resources ‘ Employment ( Recognized Approved Issuer of a Designated Payment Instrument ) Order 2024.

Merchantrade, which collaborated with Visa to launch its composite Merchantrade Money e-wallet in January 2018 and targets both Malay and migrant workers, is benefited by the approval. Recognizing the significant challenges employers face in opening traditional bank accounts for migrant workers and other unbanked segments, it has gradually expanded the features of the card for this segment to its current stage with features such as remittances, mobile top-ups,, personal accident insurance coverage with basic plan as low as for RM5 per month, QR payments, P2P transfers, online purchases, multi lingual application and customer service with eight languages including English, Malay, Nepali, Indonesian, Bengali, Tamil, Chinese and Burmese and with Bank Negara approval to hold up to US$ 4, 517 ( RM20, 000 ).

By allowing direct salary transfers to staff ‘ Merchantrade Money e-wallet, the JTKSM approval will transform the payment method for businesses. From big MNCs to SMEs, Merchantrade said its answer will be a game-changer across different industries, including estate, manufacturing, construction, service, and local work.

Peninsular Malaysia Labour Dept recognises Merchantrade Asia as an Approved Issuer of a Designated Payment Instrument” Digital wage payments are gaining momentum worldwide, and we are proud to be leading this evolution in Malaysia”, said Ramasamy K. Veeran ( pic ), founder and MD of Merchantrade.

Following our expansion in the payment and e-wallet industries, we made a natural transition to online wage solutions, which addresses yet another pressing issue for Malaysian foreigners and other underbanked industries. We have developed a strong ecosystem specifically designed for this market over the years, and Merchantrade is strategically positioned to facilitate the transition from cash to online wage payments, Ramasamy continued.

Merchantrade has established itself as a trusted brand among the migrant worker community, recording an outbound remittance turnover of US$ 1.84 billion ( RM8.15 billion ) in 2023. The company has also served over 5 million users since its inception, through its online and brick-and-mortar programs, across its payment, forex trade, e-wallet, plan, and telecommunications services.

The company’s ecology includes a vast system of natural touchpoints, with 95 branches and over 490 representative locations globally serving as support centers for both its amazing income disbursement and e-wallet platforms, as well as a dedicated on-ground team that assists both employers and employees in urban and rural areas. The company’s ‘ first-to-last-mile’ approach ensures comprehensive support at every step of their journey, from onboarding and training to after-sales service.

Through a collaboration with AmBank Islamic, the integration of Merchantrade Money e-wallet ( with RM20, 000 wallet size ) with an AmBank Islamic Hybrid Current Account-i (hCA-i) ( RM30, 000 wallet size ) allows users to access a combined limit of up to RM50, 000, making it the first of its kind in Malaysia.

Users can make cashless and withdrawals at both physical stores and online using a Visa prepaid card when using a Visa card.

From an ESG perspective, this solution supports Merchantrade’s mission of promoting equitable financial services and is closely aligned with the government’s digital transformation and sustainability agenda, as well as Malaysia’s Financial Inclusion Framework FY2023–FY2026.

Merchantrade said its solution will be a game-changer across various industries, including plantation, manufacturing, construction, service, and domestic work.

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Natixis-affiliated Ostrum AM creates new transition department; aims to expand FI offering in Asia | FinanceAsia

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Paris-based Ostrum asset management (AM), an affiliate of Natixis Investment Managers, has appointed Nathalie Beauvir to head up its newly created sustainable transitions department.

A spokesperson confirmed to FinanceAsia that Beauvir had been in her new role in Paris since the start of the job transition in May.

The newly established department, according to a July 10 press release, consists of five environmental, social and governance (ESG) experts and two corporate social responsibility (CSR) experts.

They will be responsible for strengthening Ostrum AM’s strategic positioning on ESG; optimising the interdependence of investment policies including exclusion, engagement and voting; and developing offerings with new thematic ranges.

The department reports directly to the firm’s chief executive officer (CEO) office.

CEO Olivier Houix commented in the press release that the team expects Beauvir to establish Ostrum AM as a “committed partner for transitions” for stakeholders, in terms of investment strategies and development financing.

Beauvir was promoted from her previous role as head of sustainable bond analysis and research at Ostrum AM,where she was involved in the launch of the firm’s climate and social impact bond fund.

Asia expansion

The Ostrum AM team currently has five portfolio managers and analysts in the Asia Pacific (Apac) region, led by Rushil Khanna, head of equity investments, within Natixis Investment Managers’ Singapore local operations.

Currently, the team has a specific focus on equity investments, while Ostrum AM also aims to provide fixed income expertise locally in Southeast Asia, with the upcoming arrival of a fixed income portfolio manager, the spokesperson told FA.

Globally, Ostrum AM manages around €40 billion ($43 billion) in green, social and sustainability (GSS) bonds, out of its €402 billion in assets managed for institutional clients as of end-March.


¬ Haymarket Media Limited. All rights reserved.

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Ficus SEA fund invests US9,000 in Klean to boost sustainable recycling across Asean

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  • Funds will be used to develop system of machines, enhance local operations
  • Klean now operates 100 RVM devices across Malaysia, Indonesia, Singapore, &amp, Fiji

Ficus SEA fund invests US$429,000 in Klean to boost sustainable recycling across Asean

Ficus Capital ( Ficus ), the world’s first Islamic Environment, Social, and Governance ( ESG-i) venture capital firm, announced that it will invest US$ 429, 000 ( RM2 million ) in Klean, a green technology sustainable recycling business owned by Janz Technologies Sdn Bhd.

In a statement, the company said this investment, made through Ficus’s flagship Ficus SEA Fund, will support the Malaysia-founded company’s initiatives in container recovery, expanding its network of reverse vending machines ( RVMs) and enhancing its regional operations in Malaysia, Indonesia, Singapore, and Fiji.

Klean encourages people to recycle empty plastic containers through the use of a sophisticated digital container deposit system based on artificial intelligence ( AI)-based reverse vending technology. The company encourages active involvement in recycling efforts by satisfying customers with points that can be exchanged for rewards. Moreover, its RVMs hold the World Green Tag Certification, ensuring the highest specifications of environmental sustainability and performance. &nbsp,Ficus SEA fund invests US$429,000 in Klean to boost sustainable recycling across Asean

Our investment in Klean represents our continued commitment to supporting businesses that operate in accordance with ESG-i principles, according to Ficus Capital managing partner Abdullah Hidayat Mohamad ( pic ). As global awareness of social and environmental issues grows, so does the need for responsible investment options that conform to moral and religious principles.

The ESG-i field “presents the intersection of these trends, giving investors the opportunity to make morally responsible and effective investments while upholding Muslim financing principles,” he continued.

According to Fortune Business Insights, the global green technology and sustainability market is projected to grow from US$ 19.83 billion ( RM92.5 billion ) in 2024 to US$ 83.59 billion ( RM390 billion ) by 2032, at a compounded annual growth rate ( CAGR ) of 19.7 percent. Major growth is anticipated, particularly in developing markets and emerging markets.

Nick Boden ( pic above ), co-founder &amp, CEO of Klean, said,” Ficus’s investment in Klean is a vote of confidence in the company’s future. This extra funding might become a significant contributor to our expansion. Our goal and Ficus ‘ commitment to sustainable and ethical investment are perfectly aligned, enabling us to increase our network of RVMs and strengthen our regional operational presence.

He added that Klean chose Ficus to serve as the agency’s head institutional buyer because of their closeness to the company’s objectives. ” First, they specialise in Shariah-compliant ESG investing, which resonates with our principles. Our designed growth into ASEAN areas is properly complemented by their strong appearance in Southeast Asia. This provides a significant level of trustworthiness and potential for future support because the fund is supported by Mavcap and the Malay government,” said Boden.

Green recycling technology has the potential to revolutionise different industries, including clean energy, sustainable transport, waste control, and power performance, thereby fostering a cleaner, greener future for all.

Equipped with cutting-edge AI systems, Klean’s Smart RVMs include a device learning-enabled hose worthy of recognising models of stored containers. This makes intended advertising available and allows the shop to recover their container’s data. Moreover, the machines quickly identify the type of materials and sort it into individual boxes, optimising recycling operations. Now, there are 100 RVM products across Malaysia, Indonesia, Singapore, and Fiji.

Our cutting-edge systems, according to Boden, “enables us to live in a cleaner, greener future by facilitating the disposal process as well as providing useful data and insights.” We are looking forward to having a significant impact on the environment and the communities we serve with this relationship and are excited about the opportunities it may offer.

Complementing these RVMs is the Klean the World mobile software, which allows extractors to scan QR code, obtain Klean items, and unlock benefits. The app uses core user data to create targeted, precise marketing campaigns. Additionally, Klean’s data and reporting capabilities allow businesses to track RVM data and ESG reporting in real-time using the Klean dashboard, providing businesses with detailed information for CSR reporting and data monetisation channels.

Ficus SEA Fund was launched in November 2021 with a focus on accelerating the growth of high-potential technology startups across ASEAN in sectors such as logistics, fintech, healthtech, e-commerce, edutech, greentech, big data analysis, and cloud services. The fund aims to support innovative businesses that have a positive effect on society and the environment. It focuses on three primary concepts: Shariah principles, sustainable growth, and ESG.

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Temasek has S billion in sustainability investments. Should you put your money in such stocks too?

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In: South-East Asia

According to Ms. Tan of OCBC, businesses are more tenacious if they are run properly, prepared for obstacles ahead, and are considering potential risks and opportunities.

As more states develop laws, money is likely to move to companies with robust statements on sustainability, she added.

Investing effectively is expected for businesses, companies and institutions, said&nbsp, Mr Stephen Beng, mind of ESG at Phillip Capital Management.

” But most importantly, it’s ) what our world needs if we want to continue eking out the many advantages of the habitat services our natural earth provides.”

HOW TO GET INTO SUSTAINABLE Opportunities

Mr. Ling of DBS advised consumers who want to create a lasting investment portfolio to conduct their own research and choose the issues that are most important to them.

The company’s carbon footprint, the company’s use of green or sustainable energy sources, and the fair pay of its employees are some questions to ask.

According to Mr. Ling, various factors, such as board member visits and minority shareholder privileges, may also be pertinent.

According to him,” It is important to know that even the most socially responsible people are not possible to tick all the right boxes,” adding that there may also be instances of false reporting.

Ms. Koh of Standard Chartered outlined three typical methods that financial traders use. The first is exclusions, where consumers avoid questionable industries like coal and wagering to fit their values.

The second is ESG connectivity, which acknowledges that non-financial risks and opportunities may be financially content to an expense.

The last one is focusing on conservation elements such as climate change mitigation, water and energy move.

Consumers do have the ability to build more resilient portfolios with ESG integration because they can take into account a wider range of risks and with lasting themes, she said.

OCBC’s Ms Tan pointed to exchange-traded resources that have been screened for ESG factors as a practical way to invest effectively.

The lender has a collection of impact investing and electric vehicles. The past has a one-year annualised profit of 23.08 per share, while the latter reported 14.02 per cent for the same sign.

These do not necessarily reflect the full range of market return expectations for sustainable investments, but they do serve as an example of how sustainable investing does n’t always translate to lower returns, according to Ms Tan.

MISALIGNMENT, GREENWASHING

Retail investors should be aware of misleading and changing global conservation standards, Ms. Tan continued.

According to her,” Cash that were previously regarded as sustainable may no longer qualify,” making it challenging for traders to identify sustainable possibilities. Local instructions and global regulations can give investments credibility and quality.

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