Month: <span>October 2024</span>

S2 HEIGHTS AMAN WELCOMES BATIQ

Posted on 08/10/2024 by admin

As an exclusive offering for those seeking a home that promises an unparalleled sense of belonging and living experience, IJM Land is delighted to announce the much-anticipated launch of Batiq @ S2 Heights Aman. This distinguished residential development, within the fourth and final precinct of the esteemed S2 Heights development, is conceptualised as a tranquil green haven that epitomises elegance, sophistication and refined living.

Nestled within an idyllic living environment, Batiq offers a peaceful retreat from the hustle and bustle of urban life, enabling homeowners to unwind and rejuvenate. Spanning an expansive 400 acres, S2 Heights Aman boasts a Gross Development Value (GDV) of RM1,585,050,000. Of this, 43 acres are dedicated to cultivating lush green spaces against the scenic backdrop of the Banjaran Titiwangsa mountain range.

Of which, 20 acres will be dedicated to Batiq with a GDV of RM173 million, which comprises 177 units of Lakeside 2-Storey Superlink Homes with a Semi-D concept, starting at an attractive price point of RM878,800. These homes offer all the modern comforts we are accustomed to, complemented by the serene beauty of the surrounding environment.

Tradition and Innovation

Inspired by the intricate and vibrant art of applying batik to fabric, Batiq @ S2 Heights Aman stands as a vivid tapestry of cultural heritage and resolutely contemporary design. This latest gemstone within the esteemed S2 Heights development reimagines optimised residential living by seamlessly integrating traditional artistry with eco-friendly innovations, offering a distinctively rejuvenating and enriching lifestyle.

At the core of this design is a celebration of batik’s rich textures and cohesive patterns, creating a living environment that is both visually captivating and respectful of cultural traditions. Spanning 4.33 acres, utilising 21.65% of the entire development dedicated to green space, the project underscores a commitment to ensuring that every element contributes to the well-being of its residents. Homeowners will find themselves in a lively community that also offers all the conveniences of city living at their doorstep.

“Batiq enjoys a prime location adjacent to the 12-acre S2 Lake Park, the 3-acre Kidz Venture Park, and a Pet-Friendly Zone,” said Datuk Chai Kian Soon, Senior General Manager of IJM Land.

“Here, residents have easy access to key recreational areas, providing immediate enjoyment of their surrounding green spaces and family-friendly amenities. The planned 12km of interconnected walkways, cycling paths, and jogging trails enhance the lifestyle experience with varied outdoor activities. The serene setting of S2 Heights Aman, coupled with thoughtfully designed homes and abundant green spaces, ensures a holistic quality of life. ”

Elevating Living

Perched on elevated ground, Batiq offers breathtaking views and features a generous 40′-50′ road frontage. It provides an impressive entrance with grand landscaping that enhances the overall aesthetic appeal.

Phase 1 introduces 82 units of Lakeside 2-storey Superlink Homes, with a Gross Development Value (GDV) of RM 80 million. These homes are available in both intermediate and corner lots, each with dimensions of 28′ x 60′. Unlike typical link homes, which are usually 20 to 24 feet wide, these 28′ Batiq homes offer a distinctly premium experience. The additional width allows for larger living spaces and a more open layout, enhancing the overall sense of liveability and comfort within the interior.

Similarly, the Intermediate Lots provide a spacious built-up area of 2,113 square feet, while the Corner Lots are a generous 2,183 square feet in size. Every residence features 4 bedrooms and 4 bathrooms, making them a distinctive choice for those seeking both space and elegance.

The architectural facade of Batiq epitomises sophistication with industrial wall tones and earth-toned brickworks that’s homely and charming. Interiors are enhanced with premium Feruni porcelain and timber-patterned tiles, along with high ceilings and powder-coated aluminium frames. Likewise, tinted windows and tempered glass railings at the balconies contribute to the airy perception of the interior. In the bedrooms, each bathroom is also thoughtfully designed with an en suite for added convenience and privacy.

Modern amenities further enhance the living experience at Batiq, with smart home systems, digital door locks, and EV isolator point seamlessly integrating convenience and luxury into everyday life. This thoughtful approach ensures that every moment of living at Batiq is a celebration of community, comfort, and sustainability.

Connected Sanctuary

Batiq epitomises an interconnected community, where every detail is thoughtfully designed to ensure that each residence features a 10’ private garden, offering a personal retreat for relaxation, recreation, and creative outdoor pursuits. The surrounding landscape harmoniously incorporates native plants, trees, and natural materials, fostering biodiversity and creating a peaceful environment. With perimeter fencing and a single, secure access point, residents have peace of mind as they navigate the three distinct parks that blend leisure and nature in truly unique ways.

The largest 2.35-acre community park is a vibrant oasis. It features a 1.4km jogging track that winds through lush greenery, a calming forest walk, and a charming orchard garden. The park also includes a well-equipped playground, a basketball court, and an urban farming area, providing diverse recreational options for all ages.

The 0.58-acre central park offers meticulously landscaped spaces, ideal for relaxing strolls and social gatherings. Meanwhile, the modest 0.8-acre pocket park presents a more intimate setting for peaceful reflection. As a safety precaution, all parks and playgrounds are illuminated with eco-friendly LED and solar-powered lighting for visibility during the night which also underscores Batiq’s commitment to sustainable living.

Accessibility and Local Convenience

Residents of Batiq and the greater S2 Heights Aman township benefit from easy access to major highways, including the PLUS, ELITE, and LEKAS, which swiftly link them to KL, Selangor, Putrajaya, Cyberjaya, Malacca, and a toll-free route to KLIA and KLIA2.

The township’s strategic location ensures proximity to a variety of essential services. Financial institutions, a government precinct, reputable schools, and top-tier healthcare facilities such as KPJ Hospital and Columbia Asia Hospital are all within reach. Residents can easily access daily essentials and shopping needs with commercial hubs like AEON Mall, Mydin Mall, Lotus’s, NSK Trade City, Seremban Gateway and Palm Mall nearby. The Ainsdale toll, just a 5-minute drive away, and the Tiro KTM station ease commuting and travel.

Datuk Chai Kian Soon, Senior General Manager of IJM Land, stated, “Batiq stands out as a residential enclave for serene living and modern convenience. The forthcoming expansion of Labu Road from 2 to 4 lanes will greatly improve traffic flow, making daily commutes even more seamless and reinforcing S2 Heights Aman’s position as a premier residential choice. This development offers effortless access to green spaces and essential amenities, ensuring long-term value for residents and investors alike.

Looking ahead to 2025, we are excited to unveil our first integrated waterfront development in Seremban. This groundbreaking project promises to transform the landscape of Seremban 2, creating a dynamic and vibrant community hub that harmoniously integrates modern amenities with the serene beauty of waterfront living. Our vision is to set a new standard for modern living, combining cutting-edge design with unparalleled convenience and green spaces.”

For more information, log on to https://seremban2.ijmland.com/Batiq

Shaping Tomorrow: Malaysia’s Circular Economy through Renewable Energy in Education

Posted on 08/10/202431/07/2026 by admin

In a landmark effort to bring renewable energy solutions to Malaysia’s education sector, Malaysia One Hundred, a think tank based in Ipoh, in collaboration with GSPARX, a subsidiary of Tenaga Nasional Berhad (TNB), is spearheading an ambitious solar panel project in Government-Assisted Schools (SBKs) across the Kinta Valley in Perak under the Net Energy Metering 3.0 programme (NEM 3.0). This initiative, which also enjoys strong support from YB Howard Lee, MP for Ipoh Timor, represents a crucial step towards Malaysia’s National Energy Transition Roadmap (NETR), with a broader aim of contributing to the circular economy.

The Solar Energy Pilot Project in Schools

Dubbed within inner circles as the “Schools Solar Energy Pilot Project,” this project is designed to reduce energy costs for schools by introducing renewable energy into their infrastructure. The installation of photovoltaic (PV) solar panels in participating schools will help generate energy savings, estimated at RM200,000 annually. That is, if Malaysia One Hundred, GSPARX and TNB achieve their goal of generating 1 megawatt of energy through the installation of PV solar panels.

Out of the 15 schools that signed a Memorandum of Understanding (MoU) with GSPARX, seven schools have thus undergone site visits by GSPARX and TNB for further assessments, demonstrating strong momentum for the initiative. Should all seven schools proceed with the installation of PV solar panels, a total of 596.55 kilowatt peak (kWp) will be generated, with an estimated RM100, 000 in energy savings annually.

By equipping schools with solar energy, GSPARX and Malaysia One Hundred are not only addressing the rising electricity costs faced by schools but also ensuring that these educational institutions play a key role in Malaysia’s renewable energy future. This aligns with Malaysia’s goal of achieving 70% renewable energy by 2050, a goal that is critical for the nation’s energy security and environmental sustainability.

Offering the dual benefit of reducing operational costs for educational institutions while contributing to the broader national goal of reducing carbon emissions, this project is also part of a broader trend of significant investments in solar power across Asia. As a continent, Asia has become the world’s top solar power generator, with China holding the top spot as the global leader in solar photovoltaics usage. Since surpassing Germany in 2015, China has maintained its dominance, and by the end of 2023, Chinese energy companies had amassed 2,919 GW of cumulative installed solar capacity – an enormous leap from 2016’s total of 77 GW. This extraordinary growth has been propelled by China’s position as the world’s largest manufacturer of solar panels, driving both domestic and international markets.

YB Howard Lee’s recent engagements with China’s leading renewable energy companies underscore the importance of international collaboration in driving Malaysia’s renewable energy agenda. These meetings have laid the groundwork for knowledge exchange, investment opportunities and technology transfers that will benefit Malaysia’s energy transition efforts. The insights gained from these discussions have directly influenced the design and implementation of the solar energy pilot project in Ipoh, ensuring that Malaysia One Hundred and its partners are leveraging global best practices to achieve the nation’s ambitious renewable energy goals.

Solar Energy and the Circular Economy

The integration of solar energy in schools in Malaysia is not just about reducing electricity bills or serving as a cost-saving measure, it is a powerful step towards a circular economy, a system that prioritises sustainability, resource efficiency and waste reduction. At the core of the Schools Solar Energy Pilot Project is the commitment to minimising environmental impact while maximising long-term benefits.

Solar panels, as the name suggests, harnesses an abundant renewable energy source – the sun. The long lifespan of the panels and the recyclable nature of their key components, such as aluminium and glass, ensure that the project contributes to a sustainable, closed-loop system, where resources are reused rather than discarded.

But the impact does not stop there. The solar energy infrastructure is also expected to stimulate job creation in green technology sectors, opening new opportunities in areas such as installation, maintenance and recycling. As the nation transitions towards renewable energy, the demand for expertise in these fields will grow, reinforcing the nation’s commitment to both environmental sustainability and economic development.

Impacting Students and Schools

Beyond the environmental and economic benefits, the project is also a powerful educational tool. Students at the participating schools are witnessing first-hand how solar energy can transform their learning environment, providing a real-world lesson in the growing green economy. As solar energy infrastructure becomes part of their everyday environment, students are exposed to cutting-edge technology that not only powers their classrooms but also serves as a tangible example of the future job market.

Schools are increasingly incorporating renewable energy topics into their curriculum, sparking interest in STEM fields like engineering, environmental science and green technology. The direct exposure through the Schools Solar Energy Pilot Project is preparing a new generation for evolving job opportunities in solar installation, maintenance and recycling – creating a pipeline of future professionals who will help drive Malaysia’s green transition.

This pilot initiative connects students to both environmental responsibility and future career paths, ensuring that the impact of solar energy reaches far beyond the immediate savings on energy bills.

The Coexistence of Heritage and Modernisation

A unique challenge presented itself with the Schools Solar Energy Pilot Project, as most schools in Perak are housed in heritage buildings, some of which have stood for over a century. These buildings are more than just educational spaces – they are cultural landmarks that form the foundation of their communities. While Malaysia One Hundred is committed to bringing modern, sustainable energy solutions to schools, it recognises that this must not come at the expense of their rich historical value.

By ensuring GSPARX thoroughly assesses the integrity of the roof structures and ensuring that the installation of PV solar panels does not compromise the architectural heritage, the project demonstrates that sustainability and heritage conservation can coexist. Renewable energy can be seamlessly integrated into these iconic structures, allowing them to serve both as symbols of the past and beacons of a sustainable future, proving that progress and preservation can go hand in hand.

A Sustainable Future for Perak and Beyond

The Schools Solar Energy Pilot Project aligns with the broader goals of the NETR, making it a stepping stone towards a sustainable future for Perak and, by extension, Malaysia. By integrating renewable energy into the fabric of educational institutions, Malaysia One Hundred and its partners are not only promoting a greener environment, but also fostering a generation of energy-conscious citizens. These students will be at the forefront of Malaysia’s renewable energy transition, equipped with the knowledge and inspiration to contribute to a circular economy and a more sustainable future.

Ouch! Secures RM5 Million Amid Extended BNM Sandbox Approval

Posted on 08/10/2024 by admin

KUALA LUMPUR, XX October 2024 – Malaysia’s pioneering digital takaful operator — Ouch! — has successfully secured RM5 million in its recent fundraising round from PPB Ventures Sdn Bhd (PPB Ventures). Alongside this financial boost, Ouch! has also received an additional 1-year extension to operate under Bank Negara Malaysia’s (BNM) Regulatory Sandbox, strengthening its goal to provide accessible takaful solutions. PPB Ventures joins a long line of Ouch!’s key investors including OSK Ventures, RHL, and Vynn Capital in the company’s efforts to provide unique, accessible takaful solutions.

With Malaysia’s takaful market showing significant growth — specifically, a 7.55% increase in Family Takaful gross contributions, and total contributions reaching almost RM9 billion as noted by the Malaysian Takaful Association — this strategic funding will propel Ouch!’s mission in meeting the rising demand for accessible, Shariah-compliant financial protection. Fundamentally, Ouch! aims to establish a secure, digital platform to meet the needs of every Malaysian, considering approximately 30 million Malaysians are still underserved in terms of financial protection.

In this vein, the funds will be invested to expand market share, enhance technology infrastructure, and drive product innovation to better serve the community. One of Ouch!’s primary objectives lies in the transition from its current reliance on a third-party core system to a proprietary, independent system using a suite of cutting-edge technological innovations. Ouch! is also working towards securing a DITO licence from BNM, which will enable the company to close critical protection gaps for Malaysians, especially young families.

“We are thrilled with the support from PPB Ventures as we push forward with our mission to redefine financial protection in Malaysia through Shariah-compliant, digital-first takaful solutions,” said Shazy Noorazman, CEO of Ouch! Protect Berhad. “With the support of our investors, we’re poised to strengthen our technological capabilities and drive innovation in the digital takaful space. The sandbox extension and DITO licence will both be major game-changers, enabling us to offer even more personalised and accessible Takaful solutions for Malaysians.”

A small percentage of the funds will also be earmarked as Ouch!’s reserve capital for BNM’s Sandbox testing and support for the DITO licence process, enabling Ouch! to offer a broader range of customised takaful products. Ouch! will continue to build on its growth with plans to initiate a subsequent fundraising round later this year to meet the minimum capital requirements for the DITO licence, reinforcing their commitment to advance the needs of Malaysian households and families.

To find out more about Ouch!, please visit ouch.my or download their application from the Google Play Store and Apple App Store.

About Ouch!

Ouch! is an approved participant in the BNM Regulatory Sandbox dedicated to making Shariah-compliant family takaful more accessible to all Malaysians. As a comprehensive one-stop platform, Ouch! empowers users by providing education on coverage and risks, simplifying the purchase and management of digital takaful products, and streamlining the claims process. With Ouch!, financial protection is made easy and transparent, bringing peace of mind to every household. For more information, visit http://ouch.my/.

ISKANDAR INVESTMENT BERHAD AND KILSA GLOBAL COLLABORATE TO UNLOCK SOUTHEAST ASIAN MARKET OPPORTUNITIES

Posted on 04/10/2024 by admin

Seoul, 30 September 2024 – Iskandar Investment Berhad (IIB) is excited to announce a
strategic partnership with KILSA Global to accelerate the entry of Korean startups and small
and medium-sized enterprises (SMEs) into Southeast Asia. This collaboration not only aims
to position Medini and Iskandar Puteri as key hubs for Korean innovators but also to attract
global talent, investment, and innovation to Johor, contributing to the state’s economic
growth and development.

IIB, a catalyst for the transformation of Iskandar Malaysia, continues to develop Medini as a
sustainable urban hub with a focus on technology, innovation, and business services. Medini
and Iskandar Puteri offer a robust ecosystem that supports cutting-edge industries. Situated
just 45 minutes from Singapore, Medini’s connectivity will soon be further enhanced by major
infrastructure projects like the Rapid Transit System (RTS), Autonomous Rapid Transit
(ART), and the potential High-Speed Rail (HSR). These projects will strengthen Medini’s
links to Singapore and other ASEAN markets, reinforcing its role as a key gateway for global
investors and an ideal launchpad for Korean businesses in Southeast Asia’s market of over
660 million people and a combined GDP of USD 3 trillion.

Dato’ Idzham Mohd Hashim, President/CEO of IIB, stated, “Our collaboration with KILSA
Global opens exciting new opportunities for Korean startups and SMEs to establish a strong
presence in Southeast Asia, while contributing to the region’s economic growth. At IIB, we
are committed to facilitating Korean businesses by providing comprehensive investment
support, connecting them with key agencies like Invest Johor, Malaysian Investment
Development Authority (MIDA) and Malaysian Development Economic Corporation (MDEC)
for a seamless setup process. Through this partnership, we aim to foster a vibrant innovation
ecosystem that encourages collaboration between Korean businesses, local industry
players, and educational institutions. This will enable access to mentorship, networking, and
talent development opportunities, ensuring Korean innovators have the resources,
infrastructure, and networks to scale and succeed.”

As a hub for innovation, Medini hosts strategic initiatives such as Tech Medini and GBS
Iskandar @ Medini, where a multitude of multinational corporations have already established
their presence. With over USD 30 billion invested in infrastructure, the city has become a
thriving centre equipped with world-class facilities, making it an ideal location for businesses
to scale in the region.

KILSA Global is a Singapore-headquartered expansion service platform with a strong
presence across Southeast Asia and Korea. The company specialises in helping businesses
seamlessly enter global markets by offering localised expansion services and access to
extensive regional networks. KILSA Global enables its clients to unlock diverse
opportunities, establish a market presence, and accelerate growth with minimal investment.

Mr. Philip Jongseok Park, Managing Director of KILSA Global, added, “This collaboration
provides Korean businesses with a gateway into one of the fastest-growing regions in the
world. With over 30,000 Korean SMEs actively seeking overseas expansion and contributing
to more than 99% of Korea’s business landscape, Southeast Asia presents a significant
opportunity. The region’s digital economy is projected to reach USD 300 billion by 2025, and
we are excited to connect Korean startups and SMEs with the immense potential Medini and
Iskandar Puteri have to offer, particularly in the technology and innovation space.”

Through strategic initiatives like this, IIB is not only enabling business growth but also
contributing to Johor’s transformation by attracting international talent, fostering innovation,
and boosting local industries. IIB remains committed to building a sustainable and inclusive
metropolis of the future in Johor.

About Iskandar Investment Berhad
Iskandar Investment Berhad (IIB) is a Catalyst of Change and a key player in Iskandar Malaysia’s
transformation into a regional metropolis of international standing. Incorporated in November 2006,
IIB is tasked to ensure that Iskandar Malaysia continues its successful trajectory into an attractive
investment destination in Southeast Asia and a vibrant, liveable region of Malaysia via catalytic
projects. IIB focuses on the development of Iskandar Puteri in the education, technology, ESG,
tourism, entertainment, and health and wellness sectors. IIB’s impactful accomplishments include
the successful joint ventures and investment partnerships in EduCity, LEGOLAND® Malaysia Resort,
Iskandar Puteri, Medini and other infrastructure projects under the 9th Malaysia Plan in Iskandar
Malaysia. IIB is committed to steering economic and environmentally sustainable growth in Iskandar
Malaysia and ensuring inclusive developments for local Iskandarians through employment and
income opportunities.

Pertama Digital Berhad Charts a Transformative Course: Key Strategic Partnerships and Growth Roadmap Unveiled

Posted on 04/10/2024 by admin

Kuala Lumpur, 3 October 2024 — Pertama Digital Berhad (“PDB”), a public-listed company at the forefront of Malaysia’s digital transformation, today provides a comprehensive update on its growth trajectory and strategic developments. While Executive Director Sabri Ab Rahman is unaware of the reasons behind the recent dip in stock prices, he assures stakeholders that PDB remains strong and well-positioned for sustainable growth.

These developments reflect the company’s solid financial standing, strategic partnerships, and innovative product offerings as it enters its next phase of growth.

Financial Fundamentals and Positive Trajectory

PDB is firmly anchored by strong financial fundamentals, supported by a capable team operating in a dynamic digital solutions space with significant growth potential. In recent months, the company successfully reversed its previous quarter’s negative results, with new product lines making a marked contribution to performance.

“We are proud to have moved into a positive trajectory, driven by our team’s hard work and the growing impact of our innovative digital offerings. We’ve also completed a strategic cost-cutting exercise and streamlined our operations to ensure healthy cash flow,” said Sabri Ab Rahman, Executive Director of Pertama Digital Berhad. “Today, PDB is operating more efficiently and is well-positioned to deliver sustainable growth without the need for external funding.”

Regularisation Plan and Acquisition Opportunity

PDB has received an extension of time (EOT) from Bursa Malaysia to submit its regularisation plan by the first week of February 2025. This extension allows PDB to finalise several key initiatives, including the proposed acquisition of a controlling stake in Kridentia Tech Sdn Bhd (KT). KT, a well-established company with strong government contracts, boasts impressive top-line performance, sound EBITDA, and consistent profitability.

“This acquisition is pivotal for our growth projections for 2025. KT’s proven track record and capabilities align seamlessly with PDB’s vision, and we’re eager to finalise this deal as part of our broader regularisation plan,” Sabri explained. “We expect to submit the full plan before the end of this year, well ahead of the extended deadline.”

Strategic Leadership and Organisational Strength

As PDB charts its path forward, Sabri Ab Rahman has taken the helm as Executive Director, working closely with Joshua who played a pivotal role in developing the MVP for eJamin, the company’s flagship digital bail payment solution, which was launched in 2020.

Reflecting on the company’s leadership developments, Sabri noted, “Our leadership team is stronger than ever. Recent changes at the board, including Encik Mohd Reza Mohd Hatta’s departure before his confirmation period to pursue a lucrative opportunity, were part of a strategic move to align our leadership with PDB’s evolving needs. We continue to drive forward with a dedicated core team, including Joshua and our board, ensuring strategic continuity and positioning the company for future growth.

Product Highlights and Expansion

PDB is rapidly advancing its suite of digital products, with several exciting developments on the horizon:

eJamin – The company is in the final stages of discussions with the Palace of Justice (POJ) to formalise a long-term contract for eJamin, a critically-needed digital bail payment platform. “eJamin has transformed bail payment in Malaysia, and we expect a positive outcome from POJ soon,” Sabri said.
KOCEK – DVSB is expanding its coin conversion service, KOCEK, across Malaysia. The company is close to finalising a working collaboration with a leading local bank to increase service touchpoints nationwide.
MyPay as a Business Solution – DVSB recently signed a Memorandum of Understanding (MOU) with Gabungan Persatuan-Persatuan Penjaja dan Peniaga Kecil Melayu Malaysia (GPPPPKMM) ,representing 450,000 small traders and hawkers. Through MyPay, these members will gain access to digital business tools, financial assistance, and grants for business expansion, developed in partnership with financial institutions. “This partnership empowers small business owners across the country, helping them embrace digital transformation and gain access to financial support,” Sabri highlighted.
PTPTN Student Loan Services – MyPay continues to be a trusted platform for PTPTN loan repayments, and DVSB is in discussions to further expand this mutually beneficial relationship. Recent enhancements have improved the platform’s user experience, streamlining loan repayment for borrowers.
MyDigital ID – PDB, through DVSB, is actively assisting MyDigital ID in improving their existing product by enhancing user experience and ensuring seamless integration with high-traffic government agency platforms. Furthermore, PDB is supporting MyDigital ID in their onboarding efforts for the public, government and private businesses, reinforcing our commitment to driving digital inclusion.
A Transformative Future for Pertama Digital Berhad

As Pertama Digital Berhad navigates this transformative period, the company is committed to delivering long-term value for shareholders and the broader ecosystem. Sabri Rahman emphasised, “Our roadmap for growth, operational efficiency, and stakeholder value is clear. PDB is well-positioned to lead the digital solutions space in Malaysia, with innovation and inclusivity at the core of everything we do.”

PDB remains dedicated to driving sustainable results through its strategic partnerships, innovative product portfolio, and continued operational excellence.

SC Unveils Three Initiatives to Spur Innovation

Posted on 03/10/2024 by admin

The Securities Commission Malaysia (SC) will introduce a regulatory sandbox and enhance its regulatory framework to encourage securities tokenisation to help spur innovations in the capital market.

The SC will also be collaborating with Khazanah Nasional to explore the issuance of tokenised bond.

The three initiatives, unveiled at the SCxSC Fintech Summit 2024 starting today, are aimed at promoting a responsible innovation in the country’s capital market. About 1,000 people are attending the two-day summit.

In his opening address, the SC Chairman Dato’ Mohammad Faiz Azmi said the SC is committed to foster a thriving fintech ecosystem in the capital market.

“To drive innovation in the capital market, the SC is taking a holistic approach. Through initiatives like the regulatory sandbox and SCxSC, we enable industry experimentation and foster collaboration with the broader ecosystem,” he said.

Recognising rapid technological advancements, the SC has received several proposals that do not fully fit within existing regulatory frameworks.

To address this, the SC is introducing a regulatory sandbox framework (sandbox), providing a controlled environment for testing innovative products and services while ensuring investor protection.

Corporations developing solutions in areas like financial inclusiveness, Islamic finance and retirement solutions are encouraged to apply.

The sandbox is a regulatory tool for enhancing policies to ensure they are fit for purpose. For example, it may allow innovative tokenised offerings to be tested within the sandbox, in line with the SC’s efforts to develop its technology-agnostic approach for tokenised securities and identify best practices.

In this respect, the SC will develop a guidance early next year for intermediaries to understand and manage associated risks in relation to securities tokenisation.

Corporations have until April 2025 to apply for the first cohort of the Sandbox.

Interested parties are required to participate in pre-consultation sessions prior to submission. These sessions are available immediately, and interested parties can begin engagements by emailing afinity@seccom.com.my.

Accepted applications will have up to 12 months to test their products or services.

Eligibility criteria include offering innovative capital market products or services that are not currently available in Malaysia and do not fully fit under existing regulatory framework that bring value to the market.

In addition, the SC is collaborating with Khazanah Nasional, as a potential issuer, to explore how blockchain technology can enhance the efficiency of bond issuance and operations. This initiative explores the use of smart contracts and custodial arrangements.

This year’s edition of the SCxSC Fintech Summit focuses on the use cases and opportunities of emerging technologies like artificial intelligence and blockchain in the capital market.

For the past 10 years, the Summit has served as a platform for fintech communities to engage, network and explore fintech-driven opportunities.

Insights are delivered through an immersive experience of blending cutting-edge demos, roundtables, exhibitions, keynotes and panel discussions.

The SCxSC Fintech Summit 2024 also featured the Demo Day of the SC FIKRA ACE Accelerator1 programme, where 10 startups pitched for the chance to be selected as 2024 cohort’s winners.

SCxSC aligns with the SC’s broader innovation agenda to harness technology, supporting the Capital Market Masterplan 3 (CMP3) objectives of catalysing economic growth, empowering investors and promoting a sustainable, inclusive stakeholder.

Driving Fair Wages: Finance Professionals Urged to Address Inequality for a Sustainable Future

Posted on 03/10/202431/07/2026 by admin

KUALA LUMPUR, 1 October 2024: A new report highlights the need for finance professionals to champion living wages as a key factor in reducing inequality, advancing human rights, and promoting sustainability. Produced by ACCA, Shift, and Forvis Mazars, the report also reinforces findings that paying a living wage not only boosts productivity and reduces staff turnover but also enhances economic stability.

The report, ‘A living wage – Crucial for sustainability’, urges finance and accountancy professionals to address wage inequality and play a pivotal role in driving sustainable business practices. It stresses that without prompt intervention, wage disparities will continue to undermine economic and social systems globally, including in the Asia-Pacific (APAC) region.

Using the insights from over 1,000 survey respondents across 93 countries and discussions with more than 50 finance and business professionals, the report provides compelling evidence for the socio economic multiplier effect of living wages. It finds that paying a living wage benefits not only workers but also employers, economies, and governments.

Paying workers below a living wage is inconsistent with preserving and enhancing the value of human capital. Business and investor initiatives involving leaders from across all regions are increasingly highlighting the importance of paying living wages to reduce inequalities and the related risks to societies, economies and financial systems. Yet only 33% of Malaysia-based respondents felt that it was a responsibility which extended to their first-tier suppliers and even less beyond this.

The report highlights the undeniable link between living wages and sustainability, with 87% of Malaysia based survey respondents recognising this connection. Living wages reduce inequality, boost economic stability, enhance business resilience, support human rights, strengthen supply chains, and meet growing regulatory and investor demands for socially responsible practices.

Helen Brand OBE, Chief Executive of ACCA, stated: “Accountancy and finance professionals are held to the highest ethical standards. The right of all employees and contractors to a living wage is an ethical responsibility and as a result finance professionals have a unique role and opportunity to drive it as a core part of their sustainability activities.”

Caroline Rees, President and Co-founder of Shift, emphasised: “A living wage is a fundamental human right. Organisations’ responsibility under international standards to respect human rights means paying workers in their own organisation adequately, and using their purchasing practices and business relationships to advance living wages also for workers in their value chains. Change doesn’t happen overnight, but chief financial officers can and should drive demonstrable progress on this crucial issue.”

Richard Karmel, Managing Partner – London, Forvis Mazars, added: “Organisations face significant transitions as their business models seek to become more sustainable. The inability to pay a living wage throughout a value chain, including in one’s own organisation, can only bring into question whether that business model is sustainable. Now is the time to critically appraise the viability of these business models and to make tough choices with a human capital focus.”

A Malaysian Perspective

In Malaysia, addressing wage disparities is particularly critical, given the country’s commitment to reducing inequality as envisioned in the Ekonomi Madani framework, which aims to elevate the dignity and status of the nation with two main focuses: restructuring the economy to make Malaysia a leader in Asian economies to ensure that the enlarged wealth is benefitted equitably by the Rakyat. By advocating for living wages, finance professionals in Malaysia can help align business practices with national development goals.

The report urges finance professionals across to elevate living wages to board-level discussions, integrate them into sustainability strategies, and lead by example in their value chains, starting with Tier 1 suppliers. Regulatory frameworks like the European Sustainability Reporting Standards (ESRS) and the Corporate Sustainability Due Diligence Directive (CSDDD) are increasingly emphasising living wages. Finance professionals in the APAC region, including Malaysia, must prepare to meet these growing demands for socially responsible practices, ensuring their organisations are well-positioned for future regulatory requirements.

Full report can be read online here: https://stories.accaglobal.com/living-wage/index.html

Zurich Malaysia reaffirms commitment to caring for the planet through Climate Month 2024

Posted on 02/10/202431/07/2026 by admin

KUALA LUMPUR, 2 October 2024 – Zurich Malaysia recently concluded its fourth annual Climate
Month, reaffirming the brand’s sustainability commitments in care for the planet. Held every
September since 2021, Zurich’s group-wide Climate Month reflects the brand’s ongoing mission to
create awareness on the importance of climate change impacts, as well as actionable steps taken to
create a brighter and greener future for everyone.

Speaking on the range of Zurich Malaysia’s sustainability touchpoints, Erin Hwang, Zurich Malaysia’s
Head of Brand Marketing and Communications, said “As we conclude this year’s Climate Month, we
reflect on the progress we have made in striving towards a more sustainable future. From
empowering communities through sustainable home-building initiatives to environmental restoration
projects, we remain focused on taking meaningful, impactful, and lasting actions. Through consistent
efforts, we can and will witness a positive progress in the quality of life of our communities and the
health of our planet, in our mission to care for what matters most to Malaysians.”

Charting towards net-zero by 2050 through Zurich’s Climate Transition Plan
The effects of climate change are expected to become even more frequent and severe in the next
years. As a global insurer, tackling the causes of climate change and building resilience to its effects
are a core pillar of Zurich’s mission in building a better future for next generations. As such, Zurich
Insurance Group has launched its Climate Transition Plan, reaffirming the brand’s commitment
towards achieving net-zero emissions by 2050 across its protection plans, investments, and
operations.

The plan outlines how Zurich will support an economy-wide transition to a net-zero future,
strengthening societal resilience against climate risks, advocating for policies on the economy’s
transition, and by evolving Zurich’s operations through decarbonisation efforts as well as people and
culture investments.

Building resilient communities with EPIC Homes
Continuing collaborations with EPIC Homes since 2019, Zurich has expanded its journey in building
sustainable homes for underserved communities. This year’s Climate Month features two house
builds for local communities in Kampung Orang Asli Bukit Manchung, Bukit Beruntung.

Over 50 Zurich Malaysia employees participated in the project, working to build safer and more
secure homes for those in-need. This effort showcases Zurich Malaysia’s commitment to making a
positive impact and fostering a strong sense of community. As of September 2024, Zurich Malaysia
has completed a total of six houses, demonstrating dedication not only to its products and services,
but also to community well-being, and emphasising on the importance of coming together to care for
what truly matters. A second house is planned to be built in October 2024.

Protecting and securing the nation’s coastlines
As part of Climate Month, Zurich Malaysia also organised a beach cleanup at Pantai Cunang, where
the volunteers worked tirelessly to restore the natural beauty of the Malaysian coastline. By focusing
on waste collection and recycling, this initiative went beyond a surface-level cleanup, aiming to revive
the area’s natural environment. This activity not only showcased Zurich Malaysia’s commitment to
environmental conservation, but also highlighted the importance of community involvement in
sustainable practices.

Changing the world, one tree at a time
In nurturing a deeper consideration for sustainability amongst future generations, Zurich Malaysia also
furthered its environmental initiatives through collaboration with the Tunku Abdul Rahman University
of Management and Technology (TARUMT). Aligned in their environmental advocacy, Zurich Malaysia
employees and student volunteers gathered for a tree-planting event, emphasising on the importance
of proactive steps in charting towards a greener future.

Through the university initiative, Zurich Malaysia strengthens its commitment in highlighting and
addressing climate risks, by exposing future leaders to the importance of taking climate action. As an
expansion of the collaboration on the social front, Zurich Malaysia also entered a strategic
arrangement on career placement opportunities for TARUMT students, providing them with a
professional pathway in the insurance and takaful sector.

For further insights into Zurich Malaysia’s holistic approach to building a brighter tomorrow, please
visit www.zurich.com.my/CareForWhatMatters.

About Zurich Malaysia
Zurich Malaysia is a collective reference term for the Zurich Insurance Group (Zurich) business
subsidiaries operating in Malaysia: Zurich General Insurance Malaysia Berhad, Zurich Life Insurance
Malaysia Berhad, Zurich General Takaful Malaysia Berhad and Zurich Takaful Malaysia Berhad.
Zurich Malaysia offers a broad range of comprehensive insurance and takaful solutions; helping
individuals as well as business owners understand and protect themselves, their businesses and their
assets from risk. Zurich Malaysia has an integrated branch network in major cities nationwide as well
as dedicated agency and distribution channels nationwide to serve the needs of its customers. For
further information on Zurich Malaysia